Best Motor Insurance Policy | A Mandatory Thing

Posted by Policy21st on March 15th, 2019

Among the various things that a person considers his prized possession, is the motor that he/she operates. A motor is a thing of pride for each individual but it can also become a source of agony and great financial losses for the owner.

Yes, the costs incurred in repairing the damages, losses etc to the vehicle are sky rocketing. The vehicles is very precious to the owner and hence it is absolutely necessary that you have your motor insured.

A motor insurance policy gives you a lot of things along with being your financial partner in case any emergency knocks down your vehicle. Best Motor Insurance Policy gives you financial security whether you have a two wheeler, four wheeler, private car, or a commercial vehicle.

There are different advantages that you get with the Best Motor Insurance Policy such as:

Stay Legally Safe

It has been made compulsory by the motor act 1991 that all the vehicles operating on the road should have the third party liability that is, a cover in scenarios where your vehicle was the cause of an accident that resulted in injury, loss of property and/or death of a third party.

Stay Secured Against The Small Damages

You can keep yourself free of all the worry due to any damages caused by weather, or natural calamity or may be a regular brush up against an adjoining vehicle etc. These things though look inconsequential, but are frequent and become a great source of despair and financial trouble these days, but with Best Motor Insurance Policy, you can stay free of any worries.

Saves You From Bearing The Losses Alone

Anything can happen, anytime. An accident can result in many severe injury, death etc along with the heavy costs that you have to pay for damage the repair and replacements. These can really cause a lot of damage to your finances and budget. But with best motor insurance policy, you just have to pay a small premium, the return of which you can enjoy.

Also, one thing is important to note that a motor insurance unlike other insurances is not a choice. Every vehicle playing on the Indian roads must have at least the third party liability, according to the vehicle act.

Any liability incurred by the insured vehicle in respect of bodily injury, disability, or death of any person – pedestrians, passengers of other vehicle, and including owner of the goods or his authorized representative is called a third party liability.

There is another type of cover available in the market which is called the comprehensive cover. This cover gives you coverage against the personal accidents, theft, losses, accidents man made or otherwise, along with the third party liability. While the third party covers you only in cases involving a third party.

Thus it is suggested that you buy a motor insurance policy and enjoy driving a vehicle without any worry. After all, owning a vehicle should always be fun.

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