5 Benefits of Car Insurance
As per Motor Vehicle Act, car insurance is compulsory and you must purchase one whether you buy a new or a used vehicle.
Your vehicle being one of the most important assets, needs to be protected but without hurting your pocket as much, as the repairs cost a lot. Car insurance protects you financially in case of an accident by covering the loss and damage to your vehicle. Even after being cautious on the road, you can't expect any foreseen incidents that might unexpectedly take place and can be involved in the same and pay heavy amount for its repair. Buying a car insurance is the best way to protect yourself in such circumstances, as it comes with a variety of benefits that can provide even better safety.
1.Damage to insured vehicle
If, under any unforeseen incident, your car is damaged due to an accident or fire, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes or riots your insurance policy covers these. Another benefit of car insurance is that it covers loss or damage so that you don’t burn your pocket and face financial liabilities
2. Own damage cover
Another advantage of car insurance is that it offers personal accident cover. Personal Accident cover provides protection against permanent total disability, Death due to an accident. In case of an accident, your own damage cover compensates you for the expense to repair or replace parts of your car damage.
3. 8,200+ cashless garages all over India
For your convenience, Reliance Car Insurance maintains a large network of garages across the country. This ensures you receive cashless services in all the garages available, in case the need arises. You can avail this service with ease in any such situation
4. No claim bonus (NCB)
One of the major advantages of having car insurance is the no claim bonus (NCB). Customer is eligible for this benefit for every claim-free year which is available as a discount on the premium, which makes car insurance even more affordable.
The NCB accumulates over the years and can range between 20% and 50%
5. Third party liabilities
According to the Motor Vehicles Act, car owners must have third-party car insurance as a mandate. It protects you against legal liabilities caused to the third-party person or their property in an accident. Generally, you are responsible to cover the treatment expenses and if their property/vehicle gets damaged because of you or your car. In either case, your insurer pays the compensation and saves you from the losses
Having a car insurance policy gives you complete peace of mind. You are assured that you will face no financial difficult