The first thing you need to do when you
purchase a new vehicle is safeguarding it. You could do so by investing in a
good insurance plan. Buying four-wheeler insurance is not only a necessity but
also obligatory according to the Indian Government law Motor Vehicle Act, 1988.
It comes to your rescue in several ways or on and off the road situations.
Following are some of the reasons you must
purchase a good, comprehensive policy for your vehicle
Coverage against third-party liability
A comprehensive four-wheeler policy is the
one in which both the policyholder as well as the third-party individual gets
covered. So, if you cause an accident in which the third-party gets injured,
the insurer bears the damage costs payable to the third-party. Also, the
comprehensive plan covers the expenses of any damage endured by the third-party
person or vehicle.
Damages covered
Considering the third-party plans handle
only the injuries or damages concerned with the third-party person and
properties, comprehensive plans offer coverage for losses caused by the
policyholder. So, if the car gets affected in an accident, you get the coverage
for the same under the comprehensive plan.
Coverage against natural calamities
Climate change has been plaguing the
country for a long time now. The humankind is witnessing severe and natural
disasters than ever before. Comprehensive 4 wheeler insurance protects
your vehicle from such disasters such as storms, heavy rainfall, floods,
earthquakes, tsunamis, and so forth. The coverage offered does not come with limited
liability policies.
Coverage against humanmade disasters
Thieves have different ways of stealing properties.
You can hardly detect theft, irrespective of the security measures. Vehicle
theft is a humanmade concern, and the insurer protects you from the same. Apart
from theft, your comprehensive four wheeler insurance
plan provides coverage against humanmade nuisances like riots, war, strikes,
terrorism, and so on. These could potentially damage your vehicle.
Customisation of policy
The biggest benefit of opting for
comprehensive policies is you can easily customise them. Select from a wide range
of additional riders making sure overall coverage for yourself, passengers, and
the vehicle. For example, choose an emergency roadside cover that you can
encash in case of towing, jump-start, flat tire change, or refuelling. You can
buy a personal accident cover, return to invoice cover, zero depreciation
cover, and so on. This customisation facility is unavailable if you opt for limited
liability insurance.
