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Car Insurance: You buy and renew
policy many more company insurance. The standalone
own-damage car insurance policy aims at offering the insured the flexibility in
terms of the insurance provider they want to choose. Any time update our website updateranagohil.com much insurance policy
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Do you know what Car Insurance is?
There are Car insurance is a
contract between a car owner and a general insurance company wherein the latter
promises to protect the car owner from financial losses which may occur due to
an unfortunate event involving his/her car. Depending on the scope of coverage,
there are 3 types of car insurance policies - Third-Party Car Insurance,
Standalone Own-Damage (OD) Car Insurance, and Comprehensive Car Insurance. To
continue to avail the benefits of these policies, the car insurance renewal
should be processed on time by policyholders.
Comprehensive Car Insurance
There are Comprehensive Car
Insurance policy is the most extensive car insurance cover under which an
insurance company is liable to pay for financial liabilities incurred towards a
third party as well as for the own-damages sustained by the insured’s car. This
have been addition to road accidents, the policy is applicable in the event of
natural calamities, man-made disasters, self-ignition or lightning, explosion,
fire, theft, etc.
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Third-Party Car Insurance
Under this cover, the insurance
company is liable to pay for the bodily injuries, permanent disability,
temporary disability as well as death of the third party caused by an accident
involving the insured’s car. Third-Party car insurance policy is a mandatory
requirement for driving a car in India. It is the most basic car insurance plan
and is thus also called Liability Only Car Insurance Policy. This plan also
provides coverage for property damage incurred by the Own.
Damage Car Insurance
You get up Under this plan, the insured gets insurance coverage only for the own-damages sustained by his/her four-wheeler in a road accident, natural/man-made calamity, fire, explosion, theft or any other mishap. The standalone own-damage car
insurance policy aims at offering the insured the flexibility in terms of the
insurance provider they want to choose. There are Third party up to Rs. 7.5 Lakh. September
2019, the Insurance Regulatory and Development Authority of India (IRDAI)
introduced the standalone Own-Damage car insurance policy.
Buy & Renew Car Insurance Policy
Policy Bazar :- https://www.policybazaar.com/
Buy & Renew Car Insurance Policy
ICICI Bank:- https://www.icicilombard.com/
Buy & Renew Car Insurance Policy
HDFC Bank :- https://www.hdfcergo.com/
