Advantages of National Comprehensive Car Insurance Policy

In India, having at least a Third Party Liability Only Cover is required for vehicle insurance. However, simply meeting the eligibility requirements is not always the best option. The Third-Party Coverage compensates the third party for property damage, physical injury, or death caused by your vehicle. However, it is advised that you expand your insurance coverage by purchasing a comprehensive vehicle insurance policy to cover your car for its insurance damages as well.

In addition to third-party coverage, the National Comprehensive Car Insurance Policy usually includes coverage for your car's own damages. Personal accident coverage is also available as an add-on to the policy. You can acquire coverage for injuries or death caused by an accident by adding personal accident protection to your policy.

Advantages of National Comprehensive Car Insurance Policy

A comprehensive car insurance policy already includes a number of perks. By purchasing add-ons, you may access more services. They increase the value of your insurance policy.

The following are some of the advantages of National Comprehensive car insurance:

1. Excellent Defense:

The firm guarantees that the covered car and the policyholder will be fully protected. In a moment of crisis, the firm is liable for covering all of the policyholder's financial demands.

2. Third-party Coverage:

A comprehensive car insurance policy covers all third-party liabilities as well as any property damage. The insured does not have to worry about the costs if he or she is at fault during the accident.

3. Own Damage:

If the insured vehicle is damaged by natural or man-made disasters, thefts, or accidents, the cost of restoration will be covered by the insurance.

4. Single-Premium:

A single premium covers both third-party liability and personal injury, making the procedure simple and speedy. There are no issues, and the plan goes off without a hitch.

5. Add-ons and No-Claim Bonus:

A variety of add-ons can be purchased in addition to a comprehensive vehicle insurance policy to increase the insurance's advantages. For every claim-free year, the policyholder receives a no-claim benefit.

With National Car Insurance, filing a claim is simple. When filing an insurance claim, you must do the following steps:

• As quickly as possible following the damage, notify the policy's issuing agency.
• In the event of an accident or third-party liability, an FIR must be filed with the local police station.
• Collect the claim form from the office or download it from the National Insurance Company's official website.
• Make sure you fill out the claim form completely and carefully.
• Submit the claim form, along with the appropriate documentation, to the Policy issuing office. A copy of the Registration Certificate, a driver's license, and other papers may be included.

Take Away

Although it is not required, having a comprehensive car insurance policy is essential. It protects you from having to pay a large sum of money if your car is involved in an accident. You may choose from a variety of add-ons, including zero depreciation coverage, roadside assistance coverage, engine coverage, and so on.

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What To Do If Magma HDI Car Insurance Policy Gets Lapsed?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.