Motor insurance
Make your ride worry free! Secure your vehicle against all uncertainties with the most comprehensive motor Insurance coverage.
Motor insurance helps you meet any unexpected expenses that may arise if your vehicle meets with an accident. It can also monetarily assist you in case of bike/car theft. Like other insurance policies, a motor insurance policy functions as a risk-mitigating tool. It protects you from creating a massive dent in your finances when you face an emergency.
Type of Motor Insurance Policy in India
- Third-party liability Insurance policy - As per India's Motor Vehicles Act, it is mandatory to hold at least a third-party liability cover for all car owners. All the car owners must have this policy to drive on the roads, across the country.
- A comprehensive car insurance policy - This policy covers both third party liabilities and own damages. Under the plan the policyholder can avail cashless repair services at the network garages of insurer.
- A standalone own damage car Insurance policy - This policy financially covers the accidental damages caused to the insured car and can be purchased with an already active third-party insurance.
Services
of Work
Yes, in most countries, having motor insurance is a legal requirement. At the very least, third-party liability insurance is mandatory to cover damages or injuries caused to third parties. However, the extent of coverage and specific requirements may vary by jurisdiction.
If you want to purchase a new vehicle, you should start shopping for a motor insurance policy as soon as you can. It makes little sense to wait right till the end, as finding the perfect policy that suits your needs can take a while. The sooner you begin, the more options you will have to choose from. It is also advisable not to purchase the first policy you come across.
In case of an accident, it is important to prioritize the safety of all parties involved. Exchange contact and insurance information with the other party, if applicable. Notify your insurance provider promptly and follow their instructions regarding claim filing and any necessary documentation.
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info@novoinsure.com
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