Driving a car isn't a luxury instead it's a large responsibility. Many men and women consider driving as a status symbol particularly in a country like India, in which folks believe in displaying. It not only depicts the standing of a society but also increases the mobility and hence saves time. Driving is eliminating the dependence on the public transport also.
It's true that driving has made our lives comfortable but in the exact same time it also pushing us towards a perilous life too. As someone rightly said that"The speedway ends in the cemetery". On the title of show-off, people not only place their own life into danger but also hurt others as well by over-speeding their vehicles. The daily reports of mishaps in addition to deaths from the newspaper is now a common thing. In addition, the cost of spare parts alongside the high repair prices frees your own pocket which demonstrates that using a great Motor Insurance coverage is vital these days.
Motor Insurance is mainly bought for the vehicles operating on the streets with the primary objective of providing a protection to the vehicle and the driver against any bodily damage in the event of accident. There are many factors for which buying a Motor Insurance is essential:
Mandatory by Legislation: The foremost reason of purchasing a Motor Insurance is that it's compulsory by legislation. The police have the right to check your vehicle's records like PUC, insurance and license coverage, at any point of time. If you cannot supply documents, you will be in trouble. Thus, it's suggested to buy a motor insurance before you hit the street.
Loss and Damage to the automobile: We all recognize that the people have no driving awareness whatsoever and the type of traffic direction we have in our nation, there's barely a day that you without slamming vehicles cause damages. The main reason for getting motor insurance is that it covers the expenses incurred because of any damage or loss to your car or truck. Hence it's always a good idea to be on a safer side and have a motor insurance prior to riding your bicycle or car on roads.
TPL means that in case you cause harm caused to another person and his/her house in an crash, the insurance carrier will pay for their therapy and save you from the legal bearings.
Hospitalization: Not every automobile owner is fortunate enough to get just few cuts and bruises in an accident. Some mishaps set you in a difficult situation and you have to be hospitalized. In that circumstance, your automobile insurance company will pay your hospital bills, instead of shelling out the large hospital and treatment costs from your pocket.
Compensates your family after your demise: Some accidents are so dreadful that it contributes to a car owner's death, that's the most unfortunate outcome of a road collision. Once the bread-earning policy holder has passed away, it will become difficult for his/her family to fulfil their daily needs. Therefore, a motor insurance policy assists the family to bear expenses following any unfortunate occasion.
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