The importance of motor insurance

Motor insurance is mandatory as per the Indian law. It is a minimum regulatory requirement if you are driving on Indian roads. Whether it is a two wheeler, a four wheeler or any other type of vehicle. An insurance is required for vehicles used for both personal as well as commercial use. Today, here are two forms of motor insurance covers available under any comprehensive plan. The first one is offered for own damage cover while the second one covers third party damage. As per the legal obligation, a third party cover is the minimum requirement.Below is a list of the things covered under a comprehensive plan:

Bodily injury –If the policy holder or a third party gets affected due to an accident, it will be covered under a comprehensive plan.

Property damage - This usually refers to the property of the third person that gets damaged due to an accident or anything that happens during the process of driving.

Repairable damage –In the course of an accident if anything happens to the vehicle, then most part of the damage is covered under the plan. Under a repairable damage plan, things like damage as a result of wear and tear, damage to things like electrical and non electrical accessories, etc. will not be covered. The policy holder may have to take some add on rider in order to get all these things covered. It is needless to say that the policy holder has to shed an extra amount for additional benefits.

The internet is a very feasible tool to look for any type of motor insurance online. You can also buy insurance covers for specific damage such as the one caused due to natural disasters like heavy rains, tornado, etc. are covered under a comprehensive insurance policy. However, there are certain norms that need to be fulfilled. In certain cases, all the things are covered under just one policy, but, in some cases, you might have to take an additional rider in order to get all things covered. Let’s take an instance of engine damage which is a common problem during rainy days.Vehicles are affected the most, as a result of the unorganized drainage planning and improper infrastructure of Indian roads, Metropolitan cities are an apt example here. When your vehicle gets drowned in water, the engine becomes moist.

When you try to ignite the vehicle’s engine during this state, it further damages the engine making it even worse. Water can block the engine and the cost of engine repair is generally very high. In case of damage to the color, the interior as well as exterior damage costs may get covered under the comprehensive damage plan. The damaged engine won’t get covered under this plan.Most insurance providers offer a different add on cover so that the policy holder does not have to face issues in case of an emergency situation.The rainy day scenario is quite a common thing for people living in cities. Thus, taking into consideration the unpredictable climatic conditions in India and the weak public management crisis, you should always get your vehicle covered with a motor insurance in case any natural disaster takes place. Selecting a right motor insurance policy can help you save a lot in the long run in case any unfortunate incident takes place.