Vital things to know about a car insurance policy

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Vital Things to Know About a Car Insurance Policy

• Liberty General Insurance

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Select Suitable Online Car Policy

• Motor insurance is a must in India for all the
  vehicles that are driven on public roads. In
  case, you dont have an insurance coverage, then
  it is illegal on your part to drive a car. For a
  small annual premium, you get protection against
  financial losses in the event of a mishap. There
  are several insurance plans offered by insurance
  companies. The challenge is in finding the one
  suitable for you. To find the one that suits you
  just compare various plans online and chose the
  car policy that matches your requirements.

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Types of Policies

• There are basically two types of car policies.
  One is third-party liability coverage and the
  other is comprehensive car insurance. The
  third-party coverage is meant basically for
  third-party injuries and their property damages.
  The comprehensive insurance covers losses/damages
  to you and your car in addition to protecting you
  against third-party liabilities. As said earlier,
  it is a must to have at least a third-party
  liability policy to drive on Indian roads.

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Customizable Policy

• You can get a totally customizable policy, when
  you compare car insurance quotes online.
  Customize your policy in terms of selecting the
  type of car insurance policy, car's Insured
  Declared Value (IDV) and Add-ons. And get real
  time quotes from the leading companies of India.
  Insured Declared Value is the total sum promised
  under the policy and add-ons are additional
  features meant to give you maximum coverage and
  protection.

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Discounts on Offer

• There are companies which offer discounts when
  you opt for a car policy. Every insurance
  provider gives some discount against the Own
  Damage component of your car policy. This
  discount differs from one insurer to another.
  Compare various car insurance quotes to identify
  the policy that offers you the ideal discounts
  for your car.

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Keep Track of Renewal

• You responsibility does not end with buying a car
  policy online. It has to be renewed before it
  lapses. If you do not renew on time, then you
  will be without an insurance cover. This would
  not only attract stiff penalties but also make
  you pay dearly in the event of a mishap. So,
  renew on time to enjoy uninterrupted insurance
  coverage. There is also a grace period for the
  same but it is better not to stretch your renewal
  beyond due date. During grace period if you
  encounter any crisis, then the insurer is not
  liable to pay anything, as there is no coverage
  during the grace period.

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