Buying a car is one of the most significant milestones in a person’s life. When we start planning, we spend a lot of time researching the latest model, glitziest colours, and snazziest of safety features and accessories. However, there is one thing that usually skips our minds— the choice of a suitable four wheeler insurance policy. The count of road accidents that occur in our country on average is quite high. Also, the cost of repair can be too high for a single person to bear sometimes.
Therefore, having a four wheeler insurance policy is a must. Those who have a legitimate policy reach out to their insurer, who pays for the damage as per the policy’s terms. However, those who do not have an active four wheeler insurance policy can’t seek help from an insurer. In case they meet with an accident, they will pay the expense out of their wallet.
You must buy a comprehensive four wheeler insurance policy because of various benefits you get with it.
- Personal Accident Cover
One of the most important benefits of four wheeler insurance is that it pays a predetermined amount under personal accident cover. It provides safety from permanent injury or death due to an accident. Additionally, this protection can be taken anonymously for other passengers (maximum as per the seating capacity of the vehicle) for a predetermined amount under the insurance scheme.
- Third-Party Liability Cover
In case your four-wheeler vehicle is embroiled in an incident that results in harm or injury on some third party’s property, the chosen four wheeler insurance policy will come to your rescue. Additionally, should you face any civil responsibility in the case of a third party’s physical harm or death, it will protect you from the same as well as per its terms and conditions.
- Coverage for Natural or Man-made Calamities
A robust four wheeler insurance policy also helps you tackle both natural and human-made calamities. Most of the policies offer protection against various forms of natural or human-made disasters. Alongside, they also provide protection against personal injuries and civil liabilities.
- No Claim Bonus (NCB)
The No Claim Bonus (NCB) is one of the significant benefits of getting four wheeler insurance from a renowned insurer. For every claim-free year, you can avail this advantage. It makes you eligible for a premium discount, making motor insurance more affordable.
- Extensive Garage Network for Cashless Repairs
Car insurance companies typically have their garage network, where they usually repair an insured vehicle. In a cashless garage network, the insurance company manages the costs of an insured vehicle. On buying the right policy, you will be free from any hassles that may occur concerning paying bills for the damage to your car.
Select A Suitable Four Wheeler Insurance
Buying four wheeler insurance is equivalent to investing money to protect yourself financially in case of an injury. The government has made it compulsory to buy third party four wheeler insurance so that no car owner incurs a financial loss during an accident. These days, you can easily buy four wheeler insurance online. There are many reputable general insurance companies like Tata AIG that offers comprehensive four wheeler insurance policies with a myriad of features.
In addition to the damages to a vehicle, an accident can make you responsible for bodily injury/death of third parties. So, make sure you buy a policy that covers such instances as well. Ask the insurer about in-depth coverage you get under a policy and research about the must-know things about a car insurance policy making any final decision.