AUTO INSURANCE QUOTES

AUTO INSURANCE QUOTES

What is Vehicle Insurance: How Much is for You

AUTO INSURANCE QUOTES

In today's article, will you know what is Vehicle Insurance? If you have any vehicle like a car, auto, motor, bike then it is very important to have a vehicle, because in the event of an accident, we may have to face a lot of problems, therefore it is equally important to get a vehicle insurance. As much as your own insurance.

What Is Vehicle Insurance?

Vehicle insurance prevents us from having economic harm if we have any kind of accident. This is your Insurance is done by a contract between the company. Under which there is an agreement in which you fill the premium and in return, the insurance company completes the loss in the event of an accident. The auto insurance company provides property, liability (liability) and medical coverage as per the agreement.

Types of Vehicle Insurance

1.Third party insurance: In this type of insurance, if your vehicle accident occurs and during the accident, the loss of the driver of another vehicle, carriage etc., the situation insures the company, if you or your car breaks down The company does not claim any kind of claim. That's why it is called Third Party Insurance. And third party beema is mandatory according to Motor Act.

2. Standard motor insurance: It is also called full party insurance. In this type of insurance, all kinds of losses, such as the vehicle, driver, and people sitting in the vehicle, even the people of the other vehicle and the breakdown of their vehicle And the insurance company compensates for the loss.

AUTO INSURANCE QUOTES

Any kind of accident in property coverage, such as a car or auto, is stolen or the money is lost when the vehicle is damaged.

Liability coverage pays for your legal responsibility to others for the loss of physical injury or property.

Medical coverage pays for the costs of injuries, rehabilitation and treatment.

3. Zero deprecation or cashless car insurance: If you have a four-wheeler vehicle then cashless car insurance will be the best for you. It is also called zero deprecation car insurance. In case of any type of accident in this type of insurance, you can make an expenditure without spending one rupee in any car garages listed by the insurance company. This process is very fast and easy. This type of insurance has many more advantages. But premium of cashless car insurance is 20% more expensive than other insurance policy. But you get lots of benefits too.