24 August, 2016
Driving in India without minimum auto insurance is illegal. In the event of death or bodily injury to a third party, or damage to the person’s property, the insurance service provider offers compensation up to a certain limit. This type of insurance shields you from liability to a third party, whether it is you, a driver, or relative driving the car.
Comprehensive insurance coverage provides not only third party coverage, but also protects your vehicle from losses that can occur as a result of damage or theft. Such plans offer protection to car owners against the possibility of losses that arise because of theft of the vehicle, or damage on account of manmade or natural disasters and accidents.
There are several benefits of availing car insurance. Such coverage prevents you from having to incur huge expenses for repair or compensation, which could otherwise leave you financially crippled. Some specific situations in which insurance coverage can help include:
Before you buy a car insurance policy, spend some time researching and comparing different options. The Car Shield plan, from Royal Sundaram, offers some exciting benefits to policyholders. You can find all of this information online and can even make the purchase on their website.
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