VEHICLE INSURANCE

Car Insurance - Health Insurance - Life Insurance @ Delhi/NCR


VEHICLE INSURANCE

The insurance of the vehicle to protect against theft, damages and subsequent liabilities due to an accident is vehicle insurance, auto insurance or motor insurance. The motor or the vehicle can be any two-wheeler or four-wheeler, private or commercial. It provides you financial protection towards the repair cost, in the event of an accident, towards purchase of a new vehicle in the event of a theft, towards payment to third party for injuries in case of an accident involving others. It also covers the damages arising due to man-made and/ or natural calamities such as flood, earthquake, fire etc. However, it does not include the damages due to normal wear and tear of the vehicle, drunk driving and usage beyond its intended use and also if driven outside the geographical area defined.

As is the case with all other insurance policies, this facility is provided to the insured after paying a annual premium. The premium amount depends upon the age of the vehicle, its current market value, any claim made in the previous year etc.

Many people see as a dead investment, but it is always advisable to get vehicle insurance.