Pros and cons of auto insurance

All information what you want about ” Pros and cons of auto insurance” are elaborating below:
Due to increase in traffic problems, accidents are occur in India. According to record,there are 4,96,000 traffic accidents happened in 2015. Accidental claims are expensive to afford by individual, the best method to protect from the car damage and personal damage expenses to get a car insurance policy. The insurance policy is helpful to claim for medical bills.
Third Party insurance is compulsory, you should purchase a new car or a second hand vehicle. You can also purchase a comprehensive cover. The kind of insurance protects you financially and legal liabilities from third party. Comprehensive insurance policy covers your vehicle damages caused by accident, fire, theft, natural disasters and other.

IRDA declared that car owner should buy a car insurance policy. Driving car without valid car insurance is illegal. Death case or physical injury to a third party or damage to the car, insurance policy provides compenstate it. This insurance is known as third-party insurance and it protects you and other people or family person who drive your car.
Point of Car Insurance:

It is a form of insurance that can buy to cover the expenses of any damage or physical injury happened by driver as a result of an accident.
Car insurance is for protection against accident and damage and medical bill coverage. It also offer coverage if your vehicle is stolen or damaged by fire or another natural disaster.

Importance of Car Insurance Policy:
Mostly people are not know about the importance of insurance. It is a kind of protection that designed to offer coverages for accidental events, no matter how they happened. It is essential to mention that policies are very different from each other, and purpose of this policies to cover for case that might happened In future and present.
It is important to mentioning that car insurance policies provide coverage offers against losses in any type of risk, such as theft, accidents, fire, natural disasters, and many others. It is essential to mention that this kind of policies also provide some special protections that designed to provide protection for individuals in the emergencies situations.

Advantages & Disadvantages of Car Insurance Policy :
Car insurance policy offers some advantages that it allows to compare and buy a online policy and also makes enable customers to apply for claims, pay premiums amount, or alter policy coverage through the internet. The policy information are available 24×7 and printing for cards and documents taken out from any place and at any time. You dont need to wait for the papers to sent.
Online Insurance helps you get honest reviews about company reputation, relationship with customer, claim settlement ratio, and Others.This makes easier to chose insurance.
Car insurance online purchasing proves to be cheaper in india, for two reasons.
You don’t need to pay for commission to the policy agents that added to the premium amount.
The concept of online insurance created high competation in insurance market. Where every insurer tries to attract consumers at lower prices.
car insurance online proved a blessing for the car insurance industry. It increased the customer for the companies by minimize the hassles of purchasing insurance, which lead to the growth of interest among the busy youth. While another hand, insurance online enabled customers to get a good option for their car insurance policy and simplified purchase process and claim process.
Advantages of Car Insurance Policy:
Assured for financial liability:
Are you abel to pay for huge accidental losts?The answer is no, then selecting the option of car insurance policy because it is the right option to get good coverage of big damage costs.
Assured of repairs and replacement:
The authority analyses the severity of losts and tell about whether to repair or replace the spare parts of motor car that can be broken in accident. This policy saves your car for these denoted car damages. In rainy months due to bumpy and patchy roads caused more damage to your car.
Legal Requirement:
Car owner needs insurance for their newly car to protect you from legal clauses.
Assured for medical claims:claims
Physical damage to the driver or passenger in road accident ,an individual not pay the high medical bills. Insurance policy provide medical expenses coverage and support financially.
Protects passenger and drivers liability:
In case of any damage to drivers and passengers during accidents, your policy covers the damage cost. Now you can easily drive due to the perks provided in the car insurance policy. There are many different advantages of car insurance premium.
How insurance helps you from unforeseen damages:
NCB:
NCB is the No claim bonus that is provide offers of auto insurance customers at renewal time when there is no claim during the previous policy time period. It is a form of discount provided to the customers for not claim in the previous policy time.
Personal accident cover: This protects you from death due to accident, disability, and high amount paid .
Budget Premiums:
The budget values worked for normal people. visit our wedsite for comparison of different companies and purchase low premiums car insurance policies.
Network garages: Car Insurance companies having large number of network garages and provide services in all areas to repairs in case of accident that caused any damage to your motor.
Third-Party Liabilities:
For example when an accident occurs and damage caused to the third party car, the coverage amount from the insurance policy can be covered the insured car for physical injury or death of a third party.
Disadvantages of Car Insurance Policy:
Mostly people like to buy the car insurance policy because insurance coverage protects car. There are some disadvantages of car insurance policy when you avail insurance by online because company representatives don’t tell about some the specific clauses that can reflect you during claim settlement.
Coverage failures: It is major disadvantage of car insurance. Your policy does not cover vehicle but only some specific parts of the car damage covered, the policyholder needs to verify hidden clauses in the document keenly before purchasing the policy.
Time taking Process: Most companies take a time for settlement of the claim amount. Most policyholders are facing this problem.
hassle-free claim settlement: A vehical insurance plan is necessary to protect your motor from financial burden in case of any damages during accidents. So, Be careful in selecting auto insurance that give maximum benefits in claim settlement.
Poor Customer Support:

We have a dedicated team of agents that provide claim process for the car insurance policy.

Summary:

Car insurance in India helps you to avoid financial loss. If you face an accident, the insurance company provide coverage for your damages, medical bill expenses and others. Car insurance is expensive, and not necessary in India .Therefore, the disadvantages not make impact because we at PolicyBachat.