To ensure the safety of your car against such mishaps and road accidents, it is essential to buy a well formulated car insurance policy.
The Motor Vehicles Act in India makes it mandatory for all privately owned vehicles to be insured with at least the Third Party Liability cover. However this cover may prove insufficient in the future to safeguard your car against a gamut of damages. Purchasing a comprehensive car insurance plan will be beneficial as it will help reduce the financial burden on your pocket when faced with any unfortunate event.
Before buying a comprehensive car insurance cover, it is extremely essential to go through different car insurance quotes. This makes you aware of different types of comprehensive plans and helps you to select the perfect car insurance cover for your prized asset. The best way to review car insurance quotes is by logging online. Also, the car insurance premium calculator offered by many insurance companies quickly calculates the premium payment according to the policy plan within a few minutes.
When planning to buy a comprehensive for your car you must ensure that the policy structure offers overage against Personal Accident Risk, Own Damage Risk, and the mandatory Third Party Liability. The comprehensive car insurance policy offered by ICICI Lombard includes all these covers and will surely save financial loss in the future if your car is damaged.
The personal accident risk cover is made available to the driver owner without the payment of additional premium which helps to reduce the overall policy cost. This cover offers compensation to the driver owner if he is permanently injured during a road accident. During such an unfortunate event, the entire sum insured is offered to the nominee (the individual mentioned in the policy) if the driver owner is incapable of profitable employment. This policy also covers death of the driver owner during a road accident and the family of the deceased is eligible to receive the complete sum insured (according to the policy selected).
Own Damage cover included in this policy will help you save a considerable amount of money in case of repair charges due to damage caused by nature. This cover is beneficial to those individuals who live in regions that are more prone loss or damage due to natural calamities. Damage caused to your car due to man-made calamities is also compensated for in this policy which further helps you save money on repair charges.
All these features of a comprehensive car insurance plan will surely make travelling on roads more safe and also cushion your finances during an unfortunate event.