- Here’s An Opinion On:
- Compare Green Slips Prices
What Do You Understand By Car Insurance?
by
Leon Grant
Car Insurance is purchased for cars. Primary goal of car insurance is to provide financial security to the insured persons against any physical injury resulting from fatal car accidents due to traffic jam or car collision. Particular terms & conditions defined in the insurance policy of car insurance differ from region to region as per the legal jurisdictions of each region. To certain extent car insurance can offer financial security against car theft and car damage that results from traffic accidents.
Car Insurance firms offer two kinds of coverages. One is All- Inclusive Coverage policy for insuring Car and another is Online Coverage policy for insuring car. Most people like to get insured for All- Inclusive coverage policy and get car insured.
Levels of All-Inclusive Coverage under Car Insurance
Car Insurance Policy covers the following points:
• Insured Car which is physically damaged • Damage to car due to fire, burglary, theft, self ignition, lightning and third party • Price of car purchased on lease if insured person\’s car is damaged • Price of pulling one\’s own car to the service station for repair • Medical Payments • Damage to car due to natural calamity like earth quakes or flood • Damage to Car due to acts of terrorism, strikes or riots • Personal accident coverage for the person who is driving the car
What are the coverages that are not covered in Car Insurance?
Car Insurance policies do not cover the below points:
• Slow Wear and Tear of the car parts • Car Depreciation • Damage to the Car in case of the car insurance policy enforceable • Damage to the Car in case the driver does not hold the valid driving car license • Car gets damaged due to accident as a result of driver being intoxicated due to alcohol or drugs • Damage to the car engine due to leakage of oil • Damage to car as a result of driving the car under the guidelines of manufacturer of the car
Different Insurance Firms offering Car Insurance
These days many of the car insurance firms are offering online car insurance policies. So getting online car insurance quotes has become simpler. Different Companies like Aviva Insurance, HSBC Insurance, Bajaj Allianz, ICICI and HDFC Insurance offer Car Insurance to its insurance policy owners.
Bajaj Allianz offers Online Car Insurance offers following key benefits to its policy-owners:
• Free legal advice if the policy owner meets with the car accident while travelling • 24 x7 insurance claim (legal)guidance to its policy owners • Facility of Quick online insurance purchase process • Facility of Cashless Insurance Claim Settlement in Bajaj Allianz workshops
Icici Lombard Online Car Insurance offers following key benefits to its policy-owners:
• Cashless Insurance Claim Settlements service all across India • Zero Depreciation Cover offering full insurance claim coverage for the parts of the car replaced • Accidental Coverage of about 2 lakh for passengers travelling in a car • Transfer of benefits of No Claim Bonus (NCB) when shifting of Car Insurance policy to ICICI Lombard • Get the discount facility or bonus that ranges from 20% to 50% discount on own damage premium if no claims are made by policy owner during previous years
Car Insurance offers financial security to an individual against the fatal road accidents. So it is better to purchase Car Insurance as soon as possible to avoid future unforeseen financial consequences and financial liabilities. Have a good day.
Copyright (c) 2013 Leon Grant
To Know More About
Car Insurance
Click the link
Article Source:
ArticleRich.com