INSURANCE & FINANCE
A car insurance can compensate you for any financial loss due to an accident, theft or natural calamity. Depending on the insurance you choose, you can also be covered for the third-party property damage, personal injuries or death.
Types of Car Insurance :
There are two types of car insurance available in India:
Comprehensive Insurance What if your car is damaged due to a collision or a hailstorm or is vandalised? Comprehensive car insurance can cover you for all this plus more. It is an extensive car insurance that covers damages to your car as well as to other people's vehicles and property. You are also compensated for a loss caused by theft, fire, malicious activity or a natural calamity.
2.Third Party Insurance You are subject to pay the damages for the third party if you are at fault in case of a collision. Third party insurance can cover you in such a situation. It pays for the damage caused by your car to other people's vehicles and property. However, it won’t cover the damages to your car if you are at fault.