When your purchase a car, you purchase a motor insurance too along with it!! Motor Vehicles being a compulsory criterion in India, most people consider is as an overhead liability, majorly catering to the burden of paying heavy premiums , along with the basic maintenance and fuel costs. Thus, despite its boons most people consider it as an additional freight, , in presence of the minor banes its forwards.
However, here bringing forward to you the existence of certain rationales that makes the availance of an insurance coverage for your priced vehicle mandatory:
Legal Obligation:
Since the option for auto insurance in the country is a compulsory obligation, having opted with it, refers. You have compliance with, what is prescribing by the law. This means would have less chanses of being penalized or reprimanded in case of a accident or mishap.
Drivers should also understand that in many states if you are pulled over by the authorities and found to be without car insurance you run the risk of having your vehicle impounded on the spot. In some states it is literally illegal for the police to even allow you to continue driving once they know you do not have the proper automobile insurance.
Security with Wide Spectrum of Covers:
Moreover, a motor insurance, guards you with a host of benefit covers, in case your vehical meets up with some accident or mishap, on road or off road. This might include situations like, fire, explotions , theifts, riots , blasts, or any other natural calamities. Thus, apart from legal obligations, these series of benefit covers forms the major grounds for opting a motor insurance.
Additional Covers for Personal Liabilities:
If you meet up with an accident, where you are at fault you can be held personally responsible for the costs of medical bills if a person is injured and major monetary awards if a person is killed. These heap of expenses, are enough to ruin the well being and fortune of most families. Adverse situation can lead to, even selling your home, selling your stocks and bonds, or selling other assets in order to pay the costs. It can mean the burden of years of future payments in the event you cannot pay them all at once, which most people cannot do. Thus, its obligatory to avail an insurance cover for your car , not only for the guard of your priced vehicle but also your precious life and well being.
Covering the Damage to the Other Vehicle in the Accident:
The last , but not the least reason for opting of a motor vehicle, lies in owing to the benefit it render s, for the repair of the other vehicle in case you hit someone. As , vehicle repairs can be very expensive , you run the chanses to be levied for the repairs or the replacement of the vehicle that you hit, in case you are shown to be at fault in an accident. Thus, here’s another leading fact necessitating you availance for a motor insurance for your car.
Savings:
Getting your priced vehicle, insured brings forth to you tons of additional savings. It really turns a heavy burden on the shoulder s to pay for all the upfront expenses all by yourself, in case you vehicle encounters a road mishap. Thus, this impact can be lessened, if you have a car insurance claim, to back you up with.
However, here bringing forward to you the existence of certain rationales that makes the availance of an insurance coverage for your priced vehicle mandatory:
Legal Obligation:
Since the option for auto insurance in the country is a compulsory obligation, having opted with it, refers. You have compliance with, what is prescribing by the law. This means would have less chanses of being penalized or reprimanded in case of a accident or mishap.
Drivers should also understand that in many states if you are pulled over by the authorities and found to be without car insurance you run the risk of having your vehicle impounded on the spot. In some states it is literally illegal for the police to even allow you to continue driving once they know you do not have the proper automobile insurance.
Security with Wide Spectrum of Covers:
Moreover, a motor insurance, guards you with a host of benefit covers, in case your vehical meets up with some accident or mishap, on road or off road. This might include situations like, fire, explotions , theifts, riots , blasts, or any other natural calamities. Thus, apart from legal obligations, these series of benefit covers forms the major grounds for opting a motor insurance.
Additional Covers for Personal Liabilities:
If you meet up with an accident, where you are at fault you can be held personally responsible for the costs of medical bills if a person is injured and major monetary awards if a person is killed. These heap of expenses, are enough to ruin the well being and fortune of most families. Adverse situation can lead to, even selling your home, selling your stocks and bonds, or selling other assets in order to pay the costs. It can mean the burden of years of future payments in the event you cannot pay them all at once, which most people cannot do. Thus, its obligatory to avail an insurance cover for your car , not only for the guard of your priced vehicle but also your precious life and well being.
Covering the Damage to the Other Vehicle in the Accident:
The last , but not the least reason for opting of a motor vehicle, lies in owing to the benefit it render s, for the repair of the other vehicle in case you hit someone. As , vehicle repairs can be very expensive , you run the chanses to be levied for the repairs or the replacement of the vehicle that you hit, in case you are shown to be at fault in an accident. Thus, here’s another leading fact necessitating you availance for a motor insurance for your car.
Savings:
Getting your priced vehicle, insured brings forth to you tons of additional savings. It really turns a heavy burden on the shoulder s to pay for all the upfront expenses all by yourself, in case you vehicle encounters a road mishap. Thus, this impact can be lessened, if you have a car insurance claim, to back you up with.
