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What Does Your Car Insurance Cover?

When you have bought a car, purchased the interiors, and the add-ons in the car have been tested okay, you must be all set to hit the road and drive away, right? Well…hold on to your horses! There is still a small formality to be completed. Did you miss out on getting yourself a car insurance? Or you may have thought, we can do it once we get this car home, right? Whatever the case, if you haven’t bought a car insurance and the necessary add on covers, it’s not yet time to roll your wheels onto the road!

An Overview

 Insurance along with PUC (Pollution under Control) formalities are the two most essential requisites of a vehicle before it hits the road. Not meaning to scare you but are you aware of the perils or risks that are covered in your policy? And have you thought about whether you need car insurance add-on covers or not? These are questions that can be best answered by you alone.

As a matter of fact, the more honestly you answer the questions that your general insurance advisor asks you, the better it is for you in the short as well as the long run. That is because in case there is a need for you to apply for a claim, your honesty when answering the questionnaire will hold you in good stead and shall also help the insurers to ascertain the facts regarding the accident. Hence, whether you buy car insurance plans online or physically visit the car insurance company’s office, you can be sure to enjoy driving around since you have covered all the pain points and potential trouble spots well in advance.

Types of Car Insurances

Although there are numerous companies offering a plethora of services and an equally diverse number of promises to entice you into buying their products to insure your car, there are broadly just two types of insurance available in the vehicle insurance space.

  • Third Party Insurance Policy

This liability policy is one in which the person/entity that suffers as a consequence of an accident with your vehicle is covered for expenses. Damage to you or your vehicle will not be covered.

  • Comprehensive Car Insurance Policy

Here, not just the third party but also you, the first party also known as the insured, are covered. The events that are covered under a car insurance plan are –

  • Damage to your Car on account of natural calamities like flood, earthquake, cyclone and landslide
  • Loss or damage to your vehicle due to self-ignition or fire
  • Damage caused to your Car on account of man-made disasters like riots, strikes, terrorist or malicious acts
  • Burglary, theft or accident of your Car by external means

Hence, it is more advisable to opt for a comprehensive coverage plan which will prove to be a safe option for all those who are involved in the particular peril.

To conclude, it is advisable to take this up as priority when purchasing a car so that your rides will be smooth no matter the extent of peril that you may come across during the course of your ownership of the vehicle.

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