Car Insurance Mishap: Know Who Is Covered

The Ministry of Road Transport and Highways states that there were more than 4,80,652 road accidents in India in 2016, and the number of people who passed away increased by 3.2%^. On average, more than 400 individuals lose their lives every day on the road; the majority of these unexpected passing away result from accidents caused by drivers’ negligent driving.

It has also been found that the leading cause of accidents and a high passing away ratio among people riding two-wheelers is their failure to wear helmets and their excessive speed. According to the statistics, 46.3% of people killed in car accidents were young, falling into the age range of 18-35 years old. These data make it abundantly evident that there is a large possibility of accidents occurring on the road, the majority of which are caused by drivers’ carelessness and disobedience of traffic laws. What is the simple solution to this problem? A Car Insurance.

Coverage of Auto Insurance in the Event of a Road Accident

As was mentioned, accidents can cause irreparable damage to property and even take the life of the driver and the victim. Because of this, purchasing a new car insurance coverage is strongly recommended as the best method to protect yourself from the associated dangers. It pays for repairs or replacements if a third party’s car is damaged.

If you have current auto insurance coverage, it will protect your funds in the event of an accident and help you cope with the aftermath more effectively. The Motor Vehicles Act makes having insurance that covers damage to a third party obligatory. It offers protection against personal accidents for the owner-driver (including injury and passing away) as well as damage to the property of third parties. You can purchase a multiyear third-party policy which will allow you to avoid an annual increase in car insurance prices.

In an accident, there is a greater likelihood that even your vehicle will sustain damages; therefore, it is prudent to get comprehensive policy coverage to compensate for these potential losses. *

What are some of the most crucial car insurance benefits in the event of an accident:

  • Ensures the safety of your vehicle

A full-coverage auto insurance policy will pay for any costs incurred as a result of accidental damage to your vehicle:

If an act of terrorism, rioting, strike, or other malicious act causes partial or complete damage to your car along with accidents due to highway, railroad, inland river, lift, earthquake, flood, storm, landslide, and rockslide, the expenses of labour and repairs are covered by your insurer. All you are responsible for paying are the mandatory deductibles.

  • Personal Accident Cover

The auto insurance policy covers the costs of the driver’s medical care in the event of an accident. You will be required to pay an additional premium if you decide to include the occupants in your coverage. *

  • Legal Accountability of a Third Party

Having this type of car insurance is obligatory as per the Indian Motor Vehicles Act. When you operate a motor vehicle without a third-party policy, you risk getting into legal problems.

  • Any third party who suffers an accidental passing away or injury
  • Any damage is done to property that belongs to a third party

To summarise the auto insurance claim process:

In the event that you need to file an insurance claim for an automobile accident that was caused by an unforeseen event that resulted in property damage, personal injury, or loss of life, please call our claim support staff so that they can address any questions you may have.

If you haven’t already, buy auto insurance suited to your budget. Use the car insurance premium calculator online and get the policy best suited to your needs and finances!

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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