What Motor Insurance Means For You
The motor insurance is an insurance policy for your vehicle. It protects the owner from any financial loss due to damage or theft of their vehicle. It also covers the damage caused to any third party or property. Motor insurance is applicable for two-wheelers as well as cars. So it provides valid coverages for any loss related to your vehicle.
Importance of Motor Insurance:
Whenever you buy a vehicle you also need to ensure it’s safety. The insurance will provide benefits in any sudden accidental situation such as:
● Paying off any charges for the damage of property or vehicle we hit accidentally.
● It is also helpful in repair and replacement of your vehicle.
● It provides protection from personal liabilities.
● It also helps the owner in case of an accident. It pays off your medical bills for treatment of your injury.
● It also covers third party liabilities and saves you from heavy expenses when you hit any third party or property.
What it covers for you?
It is mostly an offer by the company from which you get a new car. They have connections with a valid insurance company from which they offer insurance for your car. It covers loss, theft, damages during the accident, terrorist attack, riots, earth quack, hurricane, light, fire, and also third-party claims and damages.
Two Wheeler Insurance
It is the insurance of your two-wheeler that protect you from all natural and man-made damages. It covers loss with fire, rockslide, landslide, hurricane, flood, earthquake, burglary, theft, and riots. It also includes in-transit damage via road, air, rail, and inland waterway. It also provides 1 lakh coverage for the insurer in case of an accident.
It covers vehicles that are not for personal use such as Trucks, Heavy Commercial Vehicles, Light Commercial Vehicles, Ambulance, Bus, Multi-utility, and Agricultural Vehicles. It will offer insurance to the owner of the vehicle whether its individual or a corporate. So you can get these insurances as per the type of vehicle you have.
Things to Look Into While Buying a Motor Insurance:
Like other insurances, you should consider some important tips before buying motor insurance. The pointers are useful for selecting a suitable plan that is enough for paying off your unexpected expenses. The tips are as following:
How to Get a Motor Insurance:
First of all, consider the above tips for making a fair policy selection. Then look at the following documents that you need while filing your motor insurance application:
➢ Driving License:
It will be the license of driver who drives the vehicle, you are filling insurance for.
➢ Vehicle Registration:
This is the real registration that indicates your ownership of the vehicle you want to insure.
➢ Voided Check:
It is good to have the voided check with you when you are going to buy vehicle insurance. It will help the company for verifying your routing number information.
➢ Current Declaration Page:
It is the document that is related to your current insurance on the vehicle. It is a proof for coverage, so always brings it with you if you already have insurance on the vehicle you are getting quotes for.