Everything You Need To Know About Car Insurance

Car insurance is a form of financial protection that includes the costs of another driver’s medical expenses and repairs if you cause an accident with your car, or if your car is stolen or damaged in some way.

What kinds of car insurance?

  • Third party credit insurance: Provides limited protection. This type of car insurance only protects you from the costs you incur from damaging your car to another car, property or person.
  • Complete insurance: Provides protection against motor vehicle damage, driver or passenger death and damage caused by the vehicle to third party vehicles, property or person.

How does car insurance work?

Your car insurance is a contract between you and the insurance company. As long as you continue to pay for coverage, the supplier will cover the cost of damage, car repairs, and other types of property damage.

When you buy car insurance, you will choose coverage limits that determine the amount of financial protection you receive in your policy. As you increase your car insurance limits, the amount you owe – called your insurance premiums – increases.

You use your insurance when your car is damaged, stolen, or after an accident with another driver. Although the source of the damage and who was responsible affected the way the claim process worked and whose insurance paid for the damage, you usually make a claim to avoid paying for repairs or to repair your car yourself.

car insurance

What does car insurance cover?

  • Physical injury: Provides cover for any bodily injury that occurred in an accident in which an insured vehicle was involved
  • Damage: Provides cover for damage caused to a motor vehicle due to an accident, theft or other natural disaster
  • Damage to third party property: It reimburses damage caused by a third party vehicle involved in an insured car accident
  • Death: It also provides insurance for the death of the driver / passengers who were present in the insured vehicle in the event of an accident or disaster.

What doesn’t car insurance covers?

  • Any car related problems due to the normal aging of the car
  • Consequential losses
  • Deterioration of motor equipment
  • Aging and scratching of car parts such as wheels
  • No cover will be provided if the person is driving without a license

How to make a claim?

  • In the event of an accident, the driver or passenger must write the vehicle number to another in the event of an accident in another vehicle.
  • Contact your insurance company immediately
  • Apply with the insurance company and write down the claim reference number
  • Submit the documents required by the insurance company to apply
  • Put fir on the nearest police station