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In India car insurance policy is a compulsory requirement that every car owner must have, including private car owners. Let us find out all the necessary details about it in this blog.
A car insurance plan protects the car owner against any unfortunate event like accident, collision etc. Be it a private car or a public transport, it is mandatory for every vehicle owner to buy insurance for their own safety and for the safety of others plying on the road. Thus, it is important that a car owner should know about the various types of insurance policies available for cars. Here we are discussing the insurance policies for private cars in detail.
When you buy insurance for a private car, it is known as private car insurance. Private cars are those that are used for private purposes by individuals and not for any commercial work. The insurance that you buy for private cars is also known as a package policy for private vehicles. Under such plans, the owner and the driver of the vehicle get coverage against various incidents and unforeseen cases like collision, calamity, theft and so on. Further, the worries of your third party insurance is also taken care of by such a private car insurance policy.
Since a private car insurance policy offers comprehensive coverage, thus they are recommended by insurers. But it is not mandatory to buy private car insurance only while choosing the best car insurance plan for your vehicle. However, many car owners buy private car insurance for company car drivers.
As already discussed, a private car insurance policy is a comprehensive plan and thus it offers coverage against several damages and liabilities. The various things covered under such a plan include:
So, here are the things that are not covered under a private car insurance policy:
Yes, private car insurance plans can be enhanced by procuring add-on coverage that you can buy by paying an extra premium amount. Zero depreciation, NCB cover, and so on. All private car insurance companies allow policyholders to avail add-on coverage as optional cover.
Yes, private car insurance policies can be worth the insurance cover that you seek for your vehicle. If you want both third-party coverage and your own car damage insurance plan, then buying a private car insurance cover might be helpful. By availing this policy, you can be sorted in terms of covering your car against all kinds of damages. Also, with comprehensive car insurance you can attain the best security for your car against all kinds of damages.
Now you know the meaning of private car insurance and that a private car insurance policy offers numerous advantages. However, you must choose to buy the best private car insurance cover for your car via online means so as to avail the best benefits. For this, you need to compare your car insurance policy in terms of the premium amount, coverage type, age and type of car, and you can use a car insurance premium calculator for the same.
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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