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You at least need a third-party insurance policy for your four-wheeler when you are on the road. A third-party coverprotects you against legal liabilities arising out of injuries to a third-party. A comprehensive insurance plan protects your vehicle against damages caused by natural or man-made calamities. A car insurance policy is necessary because it covers bodily injury liability, medical payments, damages to your car and property damage liability. Without an insurance cover in place, you risk facing huge penalties as a result of the damages caused in an accident.
With a car protection plan, you have the assurance that the insurance company will stand by you during unforeseen situations. At the moment, the insurance market is flooded with car insurance policies of varying features and benefits. So how does one find the right plan to meet their requirements? Well, it all start with studying what the different motor insurers have to offer in their policies.
Planning to buy car insurance? Here's what you should keep in mind:
Usually, when one looks to buy insurance for their four-wheeler they first get quote for car insurance policies. But there are several other factors that need to be considered while buying a car insurance policy. To begin with, look at the riders available on the policy. Some of the riders you can choose from include - zero depreciation cover, engine coverage rider, return to invoice and roadside assistance cover. So whenever you get quote for car insurance, make sure to ask about the kind of riders you can avail with the policy. It is always good to have riders added to your policy as you get extra coverage.
Another important factor you need to consider is how many network garages are associated with an insurer. It is advisable to consider those insurance companies with the mostnumber of network garages, and the closer they are, the better. Look at the list of network garages as well as the services provided by these garages while choosing a car insurance company.
Make sure to look at the claim settlement ratio and financial status of the motor insurer whose policy you wish to avail. Only buy a policy after you are certain about the benefits you are deriving from it. Also look for plans that are affordable, you don't want to be stuck with a plan whose payments you cannot afford.
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