Motor/ Car insurance technically provides protection against the losses incurred as a result of unavoidable instances.
Need for Car Insurance:
It helps cover against theft, financial loss caused by accidents and any subsequent liabilities. The cover level of Car insurance can be the insured party, the insured vehicle, third parties (car and people). The premium of the insurance is dependent on certain parameters like gender, age, vehicle classification, etc. Car insurance gives confidence to drive fearlessly but at the same time should follow the traffic rules. In emergencies it acts like a boon to the insurer.
With so many Motor Insurance companies are available in the market, it is quite difficult to make a decision like choosing the right policy covering the requirement, right insurer, etc., where we help our customers to choose the best insurance package for their vehicle.
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage.