Vehicle Insurance: Which insurance will be best for your vehicle, if you are confused then clear it.

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New Delhi : It is necessary for any person to have a driving license to drive a car, more than that it is necessary to have vehicle insurance. Just as a driving license works as a document for a vehicle owner, similarly vehicle insurance also protects you from challans. The biggest thing is that after getting insurance, the life of the driver as well as the vehicle is protected. However, vehicle owners or drivers remain quite confused about getting insurance. The reason for this is that the terms and conditions of the insurance policy are such that it becomes very difficult for a vehicle owner to make a selection. It is generally seen that due to confusion, vehicle owners get trapped in useless deals. If you are also confused about car insurance, then we are trying to solve your dilemma to a great extent. Come, let us know about vehicle insurance…

Types of Insurance Policies

Generally there are two types of motor insurance policies. This includes cashless insurance policy and reimbursement insurance policy. In cashless insurance policy, the vehicle owner or driver does not have to spend any money on his own in case of damage to the vehicle. However, in case of major damage, only a part of the repair cost has to be paid. At the same time, in the reimbursement insurance policy, the customer himself bears the entire cost of repairing the vehicle in case of damage. For this, the vehicle owner or driver has to submit an application for compensation.

Motor Insurance and Types of Claims

There are four types of motor insurance and claims. These include third party insurance, comprehensive car insurance, two-wheeler insurance and first party insurance. Are included.

Third Party Insurance: According to the Motor Vehicles Act, if your vehicle meets with any other vehicle or person in an accident and the vehicle or person gets damaged, then in such a situation the vehicle owner will not compensate for that loss. In return the insurance company bears the entire expense. Third party insurance policy is very beneficial for car owners.

Comprehensive Car Insurance: Under this insurance policy, coverage is provided in case of damage to any third party person or any property.

Two-Wheelers Insurance: In India, most of the people use only two-wheeler insurance. Under this insurance, protection is provided to two-wheelers. Dealers selling two-wheelers provide insurance for vehicles for at least five years and people are also advised that every citizen of India should get their two-wheelers insured.

Engine and Electronic Circuit Cover: This type of cover is given by insurance companies for any type of damage caused to the engine or electronic circuits of the insured vehicles. Due to this, vehicle owners or drivers do not have to spend on the damage caused to the engine.

Personal Accident Insurance

Under this type of insurance, if a person or driver gets injured in an accident while driving, the insurance companies pay the expenses for their treatment. Due to this, the insured person also gets a lot of financial help.

First Party Insurance

This policy of insurance is also called zero depth policy. Under this, if there is any kind of damage to your vehicle, the insurance company bears all its expenses. Although, under this, insurance is given only twice, but this policy is also considered economical to a great extent.

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