Vehicle policies companies

Motor insurance

Given the large number of automobiles that have made their way to Indian streets, the need for having insurance has also grown tremendously in recent years. Buying a Motor insurance policy is mandatory for all vehicles that run on Indian roads.

Though the purchase of a new automobile like a car, bike or truck, etc., can be exciting, considering potential accidents that may occur and damage your vehicle has also become important. In such situations, a motor insurance policy can come in handy as it will significantly lower the costs incurred on repairing the damaged vehicle or replacing its parts.

Car Insurance

Car insurance is mandatory for all vehicles that run on Indian roads. Given the large number of automobiles that have made their way to Indian streets, the need for having insurance has also grown tremendously in recent years. Though the purchase of a new car can be exciting, considering potential accidents that may occur and damage your vehicle has also become important. In such situations, a car insurance policy can come in handy as it will significantly lower the costs incurred on repairing the damaged vehicle or replacing its parts.

Two Wheeler Insurance

Two-wheeler insurance is a sort of motor insurance applicable only to motorbikes/two-wheelers. It provides cover against any damages caused to a two-wheeler and/or its riders arising out of road accidents, theft or natural disasters, etc. Vehicles running on roads within the country without a legitimate policy are susceptible to attract heavy penalties. Hence, every owner of a vehicle has got to hold a compulsory third-party liability cover, which is the minimum coverage offered on automobile insurance, including two-wheeler insurance.

Bus Insurance

General bus insurance lies under commercial vehicle insurance that protects your vehicle from every unexpected harm and misfortune. Also, the most fundamental policies cover the Third-Party liabilities, an exhaustive strategy likewise covers for one’s harms and misfortunes.

Truck Insurance

Truck insurance is a type of commercial vehicle insurance policy customized to suit trucks that are used within business functions such as for trucks used for delivery purposes, pick-ups, and goods transportation, amongst others. Truck insurance is vital for any business as it financially protects the respective commercial vehicle from any damages that can be caused due to accidents, collisions, natural calamities, fires, and thefts.

Passenger Carrying Vehicle Insurance:

The passenger-carrying vehicle insurance plans ensure the best of timely care with the most affordable premiums. These vehicles are considered to be the backbone of your everyday business on the road. Thus, protecting them with the best insurance available makes it the best for the business and the society.

Goods Carrying Vehicle Insurance

Goods carrying vehicles are the real heroes but can experience downtime due to strenuous journeys. With the best Goods Carrying Vehicle Insurance plan, you will be assured of getting the maximum advantages at a minimum interruption and maximum care for the vehicles.

Benefits Of Buying a Fresh Vehicle Insurance Policy

Purchasing a vehicle insurance policy can financially protect you as well as your vehicle in times of accidents. Given the rate at which new vehicles are entering Indian roads daily, having a vehicle insurance policy in place is crucial as there are several perils of driving in the country. Here are five ways through which you can feel protected with vehicle insurance:

• Damages: vehicles are expensive to purchase and maintain, and repairing them if they meet with accidents can be a costly affair too. There may be an instance where your vehicle could sustain damages because of a third party’s negligence. Another vehicle colliding with your vehicle, or your vehicle crashing into a wall, or your swerving to avoid a jaywalker, etc. can make you incur a significant amount of money. Having a vehicle insurance policy will ensure that your damages are paid for by the insurance company.
• Lower liability: It is mandatory to have third-party liability vehicle insurance in India. This policy will provide cover against the legal liability of an accident you have caused. For instance, if you crash your vehicle into the property of a third party, your insurance, and the insurance provider will take the vehicle of the legal repercussions as well as cover the cost of repairs to the damaged property. Similarly, the legal and financial ramifications of injuring a person will also be covered by your vehicle insurance policy, thereby lowering your liability to a significant extent.
• Hospitalization expenses: While some accidents are rather mild, some see the driver and passengers suffer from more than just small bruises and cuts. There are times when people have fractures or other severe injuries that need them to get hospitalized. Given the rate at which medical and hospitalization expenses are rising in India, having a vehicle insurance policy will ensure that you don’t burn a hole in your pockets at times like these. The insurance policy will take the vehicle of these expenses and lower your financial liability.
• Compensation for the family: The worst-case scenario of a vehicle accident is the demise of the vehicle owner. If you are the sole breadwinner of your family, it can be difficult for your spouse and kids to survive in your absence. A vehicle insurance policy will pay for the expenses your family will incur after your death, such as funeral expenses.
• Lower cost for online purchase: Purchasing a vehicle insurance policy online can be cheaper as the premiums are often lower. The reason for this is that the operating costs are lower for the insurance company when the transaction is settled online. Since there are no commissions to be paid to brokers, the insurance company passes on the benefit of lower cost to the customer. Even renewing your policy online is quite simple, quick, and hassle-free in addition to being cost-effective.