There is not one but many benefits of having a Motor CarInsurance in India. Some of them include the assurance of being insured againstrisks that arises when you own a car, the assurance of complying with the provisions of speed reducer nmrv the Motor Vehicle Act and the assurance that in case of need youare adequately indemnified for losses incurred. Having a Car Insurance can helpyou in the following way:Abide by the Laws governing a motor vehicleThe Motor Vehicle Act has laid down third party insurance asmandatory for all vehicle owners.. Thus by availing a motor insurance policy,you will comply with the requirements of the Act.Covers your legal liability tothird partiesIn case you meet with a mishap and it is found that you wereresponsible, there is a chance that you have to pay to the third party injuredin the incident.
In such a case, a Motor Car Insurance comes as a financialback up and takes care of the related expenses incurred by the injured ThirdParty. Cover of Damage to your vehicleAgain in the event of any mishap, the vehicle is bound toget damaged. Repairing and replacement of parts involves a huge cost and isusually a big burden on anyone’s pocket. Here again, your Motor Car Insurancecan take care of accidental repair expenses. Such an arrangement ensures thatyou do not get into a financial difficulty and that your car is back on road assoon as possible. A Motor Car Insurance can cover the following risks for you:Damages to the car on account of a fire,explosion, lightning or even a self-ignitionThe loss that occurs to an owner in case of aburglary or housebreakExpenses that occur in case your car is damagedduring a riot or strikeExpenses that occur in case the car is damageddue to an earthquakeExpenses that occur in case the car is damageddue to terrorist attack.
Coverage of expenses in case of damages thathappen whilst the car is in transit.A car Insurance however excludes coverage of the following:Any damages occurring due to normal wear andtear and depreciationMotor car damaged by a person who was under theinfluence of alcohol or any other intoxicating substanceDamages to a car when driven by a person withouta valid driving licenseDamages to the car when it was out to somecommercial useDamages occurred when the car was used for anyracesSome of the best Motor Car Insurance Policies inIndia are available online. It is easier than ever before to find and buy one.Choosing a policy can however be a little tricky. Drawing a comparison betweensome of the best ones can give you a fairly good idea. Choose one that givesyou the maximum coverage with the most affordable premium.