8 Reasons Why Buying A Car Insurance Is Beneficial

If you own a car, you surely need a car insurance with it not just because it is mandatory but because it offers a host of benefits too. 8 such vital benefits of motor insurance are…

If you own a car, you surely need a car insurance with it not just because it is mandatory but because it offers a host of benefits too. 8 such vital benefits of motor insurance are mentioned in this post. With the increasing income of people in India, buying a four-wheeler is now within reach of a lot of people. An important outcome of the increasing sales of motor vehicles is the steady rise in traffic which ultimately leads to more accidents. The financial losses during such accidents can be vast. It is with the help of an insurance policy that car owners can protect themselves from such losses. And with the easy availability of car insurance online, buying an insurance policy is now like a walk in the park. The policy offers a host of benefits which every owner should surely take advantage of. Let us have a look at 8 such benefits. It is Mandatory The most important reason for buying a car insurance is because it is mandatory as per the Motor Vehicles Act of 1988. If found without valid insurance, you’ll have to pay the penalty, and it can also lead to cancellation of your driving license. Covers Car and Property Damage Accidents can cause damages to other vehicle and even property of a 3rd party. With a good insurance, you can be rest assured that the policy will pay for the expenses and you’ll not be required to pay from your pocket. Thus, next time when you make car insurance comparison, make sure you check the amount of damage covered by your policy. Covers Personal Injury Apart from vehicle and property damage, accidents can also cause personal injury which can be very severe at times. Some policies also cover personal injury so that you don’t have to pay for the treatment of a person who has suffered injuries due to an accident involving you and your vehicle. Number of Riders Available You can also find a host of riders which you can buy along with a car insurance policy online or offline. Some popular riders include zero depreciation