Grab a Low Cost Car Insurance to Protect Your Car Against all Odds

Liability Auto Plan Provides Cover to you and your Vehicle against Accidental Short Comes

If you have recently bought a new car then you must have heard people around you saying that you must get comprehensive as well as low cost car insurance for your vehicle. It is important that such sound advice be implemented at the earliest. A vehicle liability policy protects you and your car by ensuring genuine repair services, which may even be directly paid by the insurance company. In this way, it prevents an accident from eroding your savings.

However, even if you are planning to get your car insured, you still may not know all the options that are available to you. There are two types of insurance policies available in India today, which are the third party liability auto plan and the comprehensive insurance policy. The following are basic facts about both these types of policies.

Third party liability insurance policy:
Having insurance policy in your name is mandatory as per the Indian law if you own a car. The minimum standards that the law requires from you are all included in this policy. So, the policy offers you the needful for you to drive your car on Indian roads. This policy protects you from the financial implications of damage to someone’s property or physical harm owing to an accident or collision with you. In addition to this, you would also be entitled to personal accident cover under this policy.

Comprehensive insurance policy:
These types of insurance policies are particularly designed to provide coverage for all types of situations arising out of any damage to your car or you. If you purchase a comprehensive package along with low cost car insurance, then you would be covered against the financial outcomes of everything starting from third party liability and personal accident cover and natural and manmade calamities.

The third party liability and personal accident cover are usually the same as a basic third party liability insurance policy. However, the additions that come with reference to cover are against all types of financial implications of natural and manmade calamities. Natural calamities are accidents that are a result of events such as earthquakes, lightening, storms, floods, land and mud slides and many others. Manmade calamities include all acts of violence against private property, accidents on the road and even terrorism. Furthermore, the majority of insurance policies also have optional coverage features such as co-passenger medical cover or accessory damage compensation.