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Essential covers to look for when buying cheapest car insurance in India

March 13, 2013
 

Road accidents may at times also damage another person’s property or may cause physical injury to a pedestrian. Such incidents may require you to compensate for the damages from your pocket which could dent your pocket. Car insurance is a mandatory requirement made by the Indian Motor Act and with the increase in traffic and related mishaps; it is only wise to invest in a good car insurance policy.

The coverage and benefits offered by car insurance will surely help you safeguard your finances when faced with any unexpected situation. Damage to your car may at times require certain car parts to be replaced for optimal functioning of your car. Such repair costs may at times run a huge bill and is most likely to dent your savings with the sudden rise in expenditure. This can be easily avoided if your car insurance provider offers reimbursement for the expenses borne by you when repairing your damaged car.

The cover for third party liability is mandatory and is included in all types of car insurance policies offered in India. This cover offers relief in case of an accident as it covers the amount in case of death or permanent disability of a person due to the accident caused by your car. It also covers for damage to another’s property caused by your insured car and helps you financially when making for the damages caused. Apart from this, it also takes into account the legal liabilities that could be charged against you during such an unfortunate event.

Some car insurance policies also offer coverage to the driver-owner in case he suffers injuries during mounting, dismounting or while travelling in his car. All these features and covers when included in a single policy will surely make a car insurance policy the cheapest auto insurance with respect to future savings.

A variety of other benefits are also offered to the policyholder when you buy comprehensive car insurance policy for your automobile. However, not many are aware of the benefits of a car insurance policy and hence are wary of investing their money. An easy way to dispel doubts about a car insurance policy is to search online and read up on different policy plans. During such an internet research is likely to come across policies that claim to be cheapest car insurance in India. However, when you plan on buying such a car insurance policy; you must ascertain the extent of coverage offered with the policy. It may also be possible that such cheapest auto insurance may offer a number of essential covers that will prove beneficial in the long run.

Thus looking for cheapest car insurance in India is not a daunting task if you conduct adequate research before you sign on the dotted lines of ay car insurance policy.

Disclaimer-The article contains only an indication of the cover offered. For complete details on coverage, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. This article is brought to you by ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation.

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