Irrespective of whether you are a new car owner or an old one, it is important to understand the minute details of Private Car Insurance, as it can save you a lot of hassles and money (in the event of an accident).
First thing first, Third Party Insurance is a statuary requirement. Vehicles Act, 1988, made it mandatory and you need to carry it with you all the time. This has been done to protect the interest of the innocent citizen who is impacted in the event of an accident. Not having an insurance will attract sever penalty and police action.
Private Car Insurance also makes a lot of sense for your own sake. Without Insurance, You will have to shell out a lot of money to third party and the repair/service center. As the repairs at authorized service stations will any day be costlier. Thus to save a few rupees, you will end up getting a sub-standard servicing done for your vehicle. This is damage the vehicle in the longer run.
Types of Private Car Insurance:
Now let us have a look at the 2 types of Car Insurance available.
- Private Car Insurance: Third Party liability cover or Act only Cover.
This type of insurance will covers the cost of damage or injury caused by your car to other people/property. This is compulsory as per Car Vehicle Act, 1988. It is also mandated to carry these papers at all times, in your car, to save your from hassles from the government departments, as well as for presenting to service centers.
- Private Car Insurance: Comprehensive Coverage.
This Private car insurance type is highly recommended and most popular. This covers both third party and own damages. Hence it also covers cases like theft and personal accident cover. There are several add on insurance available to cover for costly accessories, at a small incremental cost.
If you need any assistance in selecting the best insurance for your vehicle, please fill in the form above and get the best insurance quote.