You drive safe. What about everyone else???

Have you insured your vehicle’s health???
According to the Indian Motor Act of 1988, automobile insurance including 2 wheeler and car insurance is mandatory in India. 2 wheelers are the most preferred mode of transport since they are convenient to manoeuvre, often managing to stay ahead of traffic jams in the city. On the other hand the level of risk of injury is higher in two wheelers as compared to any other vehicle. Everyone seems to have a vehicle to ride with little or no traffic sense. With a constant rise in the occurrence of accidents, it is important to make sure you posses an insured vehicle at all times.

With the constant increase in costs and the risk of accidents people have understood and accepted the importance of automobile insurance. The motor insurance business in India today is one of the most successful forms of business .and these companies not only provide coverage, but offer cashless claims facilities as well, where you can have your vehicle repaired at a garage listed on the insurance company’s network without paying for the expenses.

There are two types of insurance namely third party insurance and comprehensive insurance. You may compare vehicle policy prices of the above mentioned insurance policy before he makes his final decision. The following points may be taken into consideration:
Under Comprehensive 2 wheeler insurance policy people are able to enjoy the benefits of cashless claims. Third party insurance covers only the other person (third party) involved in an accident against loss or damage in case of an accident. It also covers the third party’s medical and legal expenses.
Comprehensive insurance on the other hand provides cover to you and your vehicle. Your vehicle is protected from loss or damages due to accident, theft, and natural disasters, while you are covered for medical and legal expenses resulting from an accident.

In case of a car insurance claim, you can avail of the cashless repair facility. In the event of a garage in the insurance provider’s network being unavailable in your area, you can have repairs undertaken at a garage and claim reimbursement from the insurance company for the same.

To make a car insurance cashless claim, you need to
• Note the registration number of the third party involved in the accident
• Note down the names and address of witnesses, if any
• Inform the insurance company of the accident and seek help from the customer care representative on the garage to be contacted.
• File an FIR at the nearest police station and obtain a copy of the report.

Once your claim is registered the insurance company representative will contact you and ask you to submit the documents required. The insurance company’s representative will get an estimate for the cost of repairs and give his approval after the assessment. Under the cashless claim facility, the insurance company will pay the repair bill directly to the garage.

All forms of automobile insurance can be purchased online as well. It is advisable to shop for the maximum cover possible. Although the premiums for comprehensive insurance are higher, the benefits far overshadow any cost disadvantage. You can ask for free quotes and compare the rates, extent of cover, and additional benefits of several insurance providers prior to making a choice.

Getting insurance for your vehicle is an option worth considering if you wish to commute without the fear of an accident and the cost repercussions that might burden you post that. Its always better to get insurance before you are left with no vehicle to insure.