Starting 2022 With A New Car? 3 Crucial Reasons Why Comprehensive Car Insurance Is A Must
For most of us, buying a new car is a significant milestone. We spend months analyzing and comparing different models to lock in on that one car that can be a perfect fit, not always just for us, but also for the entire family.
But while we pour our heart, time, and energy into locking in the nitty-gritty of our new companion, here’s where we forget to read the fine print – the Car Insurance.
In the excitement of starting a new journey, we forget one very important thing – buying a car is one thing, but maintaining it is an entirely different ball game. Bad roads, negligent drivers, careless bystanders, and sometimes, even sheer bad luck, can put you in a financial mess.
From a small dent in the car to major accidents and natural disasters, the list of daily threats on the road is endless. Unfortunately, any bad day can leave you cash-strapped, and that’s precisely why comprehensive car insurance plays a significant role in your buying journey.
If you haven’t finalized the decision to opt for a car insurance plan, we have covered some crucial reasons that will help you make it. Along with Bajaj Allianz General Insurance, we have created a 3-point checklist of all the reasons why you need to lock in on an insurance plan for your car.
Having to deal with the Expenses of Own Damage
Not just accidents, but several things can go wrong with your car. Natural disasters like flash floods or earthquakes can wreak havoc.
Cars can malfunction due to technical glitches. No matter what’s the reason, servicing a vehicle is expensive. Car insurance plans cover ‘Own Damages’ that help us deal with unexpected damages and expenses.*
Having to deal with Third-Party Liabilities
As we mentioned before, cars are simply machines that can sometimes malfunction due to technical reasons. A car can go out of control and cause damage to civilians and public property. A comprehensive car insurance plan covers Third-Party Liabilities that compensate you for any kind of damages caused and cover any legal liability arising out of the same.*
Having to face the financial consequences of Personal Accidents
Be it a minor scratch from a passing car or a significant fender-bender, any car insurance plan that covers ‘Accidents’ will compensate you for all the expenses incurred.
That’s not all; a comprehensive car insurance policy also compensates for any permanent disability arising due to a car accident. Again, this reduces the financial distress caused to the family.*
Now that you know the “why” of buying comprehensive car insurance, here’s a quick rundown of the benefits of the policy:
● If your car has been in an accident, a victim of a theft, facing technical issues or is damaged because of a natural calamity, comprehensive car insurance can cover the financial losses.*
● If your car has been involved in an accident that has damaged someone else’s vehicle, comprehensive car insurance can cover the expenses so you don’t have to pay out of your pocket.*
● If an accident happens while you are in your car, leaving you permanently disabled or causing your untimely demise, a good comprehensive car insurance plan can help deliver suitable compensation.*
● A comprehensive cover can protect your car from any and all unforeseen damages, even if they are not caused by a third party. It can offer coverage for a variety of reasons, such as earthquakes, damages from falling/flying objects, collisions with animals, fire, and floods.*
*Standard T&C Apply
Companies like Bajaj Allianz General Insurance offer plenty of reasons to lock in on car insurance. Apart from offering great value via NCB during car insurance renewal online or offline, they give you extended benefits like zero depreciation cover, consumables cover, breakdown assistance, conveyance benefits, and much more!
Bajaj Allianz General Insurance also covers things like personal baggage theft/damage, offers paperless digital insurance applications, and makes processing, and claiming services a lot easier. Their Motor OTS feature facilitates claim settlement up to INR 30,000within just 20 minutes.* Terms & Conditions apply.
It sounds like a good deal to us! You can check out more details of their policies online and secure appropriate coverage within minutes. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read the sales brochure/policy wording carefully before concluding a sale.