If you own a four-wheeler, then you might be well aware of how important car insurance is! Long gone are the days when people actually used to travel to official sites in order to avail of these insurances. However, in the current digital era, car insurance online is one of the best things you can do.
Just a few taps on your smartphone, and you are more than good to go. Moreover, when you are availing of this facility online, you need not go anywhere, ultimately saving you a lot of fuel, money, energy and time.
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What is car insurance?
It is a contract between you and an insurance company that provides financial protection in the event of certain incidents involving your four-wheeler. In exchange for regular payments called premiums, the insurance company agrees to cover specified costs resulting from accidents, damage, or other covered events but only up to the limits outlined in the policy.
The primary purpose of car insurance is to mitigate the potential financial burden that can arise from unexpected situations involving your vehicle.
What does the car insurance cover?
Liability Coverage
This is usually required by law and covers bodily injury and property damage you may cause to others in an accident. It helps pay for the medical expenses as well as property repairs for the other party if you are found at fault.
Collision Coverage
This covers damage to your own vehicle caused by a collision with another vehicle or object. It pays for repairs or even provides compensation if, by any chance, your vehicle is deemed a total loss.
Comprehensive Coverage
It covers the damage to your vehicle caused by events other than collisions. This can include theft, vandalism, fire, natural disasters or hitting animals.
Uninsured Motorist Coverage
This protects you if you’re involved in an accident with a driver who has little or no insurance coverage. It covers your medical expenses, lost wages, and other damages that the at-fault driver’s insurance policy would have covered if they had sufficient coverage.
Personal Injury Protection (PIP)
It pays for the above-mentioned factors for you and your passengers, regardless of who is at fault in the accident. Keep in mind that this is often required in no-fault insurance states.
Which is the best insurance download app?
I’d like to share my personal experience here. Around a month back, I purchased a new Mahindra Thar Petrol and was looking for insurance from a third party. This was when one of my associates told me about the Bajaj Finserv application. Believe me, this is one of the best things in the current era, as you can easily avail of insurance while sitting in your comfort zone.
- Download the Bajaj Finserv App
- Sign up after entering your mobile number
- On the home page, tap on Car Insurance
- Input the Car’s vehicle registration number and your pin code to view prices.
- Evaluate your coverage requirements
- Get the add-ons based on your requirements
- Calculate the premium and make the purchase of car insurance policy