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Are You Looking for cheap car insurance in India?

Date Added: January 25, 2012 05:40:30 AM
Author: Chethan sharama
Category: Marketplace: Automobil
Car insurance is the guaranteed financial assistance provided to the owner of a car if it involves in an accident. The liability coverage of car insurance is intended to safeguard the victims of the accident. If the car is to be protected by the insurance, there are also policies with additional coverage. Owners can choose packages of any coverage according to their requirements. Certain companies offer more coverage on discounted premium. Hence, it is desirable to go through the quotes of insurance companies and make a comparative study. Moreover the owners can consult with local agents regarding the coverage of different companies. Most of the auto insurance companies will be having tie-ups with manufacturers and dealers. Hence owners must take a firm decision with proper planning regarding the coverage to be opted. It is ideal for them to choose the coverage having premiums of their affordability. Generally available car insurance coverages: - The Auto insurance in India coverage is designed for six types of risk factors. 1) Liabilities on physical injuries – This coverage safeguards against personal injuries or death for which the owner of the car is responsible. 2) Personal injury protection – The medical expenses for treating injured passengers and drivers come under this. 3) Liability against property damage – Here, the owner of the car gets protection if some others’ property has been destroyed by the accident. 4) Collision coverage – If the accident is due to collision, the damage caused will be compensated by this coverage. 5) Comprehensive coverage – As per this coverage the owner is compensated for the loss if the car is stolen or damaged by natural calamities and animals. 6) Uninsured motorist coverage – This is to compensate the accident prone policy holder, in case his car is hit by an uninsured vehicle. Certain hidden coverages of car insurance: - By analyzing the terms and conditions of the car insurance, the hidden coverages if any, can be traced out. 1) Transportation expenses – There are provisions to reimburse transportation charges if the passengers involved are unable to continue their journey by the damaged vehicle. 2) Waiving of deductions – The collision coverage deductions will be waived if both the collided vehicles have insured with the same auto insurance companies. 3) Encourages repairing – The deductions will also be waived if the damaged vehicles are repaired instead of replacement. 4) Compensation against wages – Some specific amount is reimbursed to the accident victims for the loss of their wages. Car insurance coverage benefits respective owners in numerous ways. It safeguards them financially against all types of loss, damages and liabilities. Moreover the injured victims are also benefited by the coverage. Since the accident victims cannot attend their routine jobs, there are provisions in car insurance coverage for compensating their lost wages. As far as the auto insurance companies are concerned, they are inevitable for all such vehicles operating in roads. That is why the Auto insurance in India has been made mandatory by majority of Indians.

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