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This type of insurance can protect you from financial and legal obligations to third parties. On the other hand, a comprehensive insurance policy provides protection for your car against damage due to accident, fire, theft, hurricane, flood etc. In addition to this coverage, it covers third party liability. Here are the five main benefits of auto insurance.
1. Damage or loss of the insured vehicle
If your vehicle is damaged in an accident, fire, or self-ignition, you are covered. Furthermore, if the vehicle suffers a loss due to burglary, theft, strike, riot or terrorism, your insurance policy covers the loss. Another benefit of auto insurance is that it covers loss or damage during transportation by rail, inland waterway, air, road or lift.
2. Personal Accident Cover
Another advantage of car insurance is that it provides personal accident protection with a predetermined amount. Personal Accident Cover provides protection against total permanent disability and accidental death. In addition, this coverage can be taken for other passengers indefinitely (maximum depending on the car seat capacity) for the amount specified under the car insurance policy.
3. Huge network of garages
HDFC ERGO Car Insurance has an extensive garage network across the country. This ensures that you get cashless service at all of these locations, should you need to. This feature makes it easy to take advantage of repair services in case of damage to your vehicle.
4. Third Party Obligations
If your vehicle is in an accident resulting in damage or loss of property of any third party, it will be covered by vehicle insurance. In addition, if you face any legal liability in the event of bodily injury or death of a third party, your auto insurance covers you against this.
5. No Claim Bonus
One of the main benefits of car insurance is the No Claim Bonus (NCB). Customers are entitled to this benefit for each claim-free year. It may be available as a premium discount, which makes auto insurance affordable.
Here are two factors to consider when choosing auto insurance among different insurance companies.
1. Fast and trouble-free operation and
When you choose to purchase an auto insurance policy, it is important that you do not have to go through a lengthy and convoluted procedure. The whole process should be simple, fast and convenient. In addition, it is advisable to choose an insurance company that provides additional convenience for purchasing policies online.
2. Customer Support
A reliable and reputable insurance company employs well-trained and experienced staff to help resolve all your questions. Insurance companies also offer live chat to ensure your issue is resolved without delay.
Having a car insurance policy gives you peace of mind. You are confident that you will not face financial difficulties in the event of loss or damage to your vehicle or a third party.