Understand the Importance of Car Insurance Coverage to Save Extra Expenses

Posted by Joven Insurance on October 17th, 2019

In today’s busy world, it is hard to sustain a smooth life without cars. Cars become an integral part of our day to day activities which make our travel easy and save plenty of time. As we are spending a good amount on buying cars, we must know the significance of insurance for its protection from any damage. Car insurance coverage plays a crucial role in protecting vehicles from any unwanted or unavoidable destruction. 

According to law, a person needs to have a minimum level of car or motor insurance before driving a motor in India. Car coverage varies from product to product. For more information, read the following possibilities to know the various car coverages:

1.       Bodily injury liability: It covers all medical expenses of a person who gets injured in an accident. If you met an accident and injures someone, then bodily injury liability coverage helps you to pay his medical expenses and lost wages.
2.       Property damage liability: It includes all expenses of property damages to third parties such as another person's property or car. Property damage liability is a part of a car insurance policy allows you to pay repair damage that you have caused to another person’s car.
3.       Medical payment: It is another part of the car insurance that helps you to pay yours’ and your passengers’ medical expenses if you have met an accident. In this policy, it doesn’t matter who is driving the car when the accident occurs. It also called medical expense coverage or med pay.
4.       Uninsured and underinsured motorist coverage: Under uninsured motorist coverage, you can get full protection when you have met an accident with an at-fault driver who doesn’t keep insurance. This type of insurance covers hit-and-run consequences. Underinsured motorist coverage protects you from the situation when you have met an accident with an at-fault driver whose liability is not enough to pay the medical or damage expenses. 

It is quite important to gather all the information about the car insurance policy before driving the vehicle on the road. People need a car insurance policy not because it is mandatory by law, but it also provides various benefits in day to day practice. 

• Provide protection to you and others:

When you have the right car insurance policy, you proffer better protection to yourself, your passengers, family members, and other drivers. You require the right coverage to take care of any bodily injury or any property cost that you need to pay when you have met an accident.

• Save you from huge expenses: 

Car insurance allows you to bear the huge expenses by investing a small amount. Spend some amount in coverage including property liability, collision, comprehensive, and bodily injury liability and cover the costs of expensive claims when an accident occurs.

• Act as a supplement to health insurance

It may possible that you can pay for medical expenses using car insurance that quite difficult to cover under your health insurance. If you have good Auto insurance coverage, you can cover other expenses like medical expenditure and dental work needed as a result of a car accident.