What Are The Major Differences Between First Party And Third Party Car Insurance?

A car insurance policy can be of three types viz. first party and third party car insurance. The first-party car insurance provides much-needed relief to the owner of the vehicle by covering the losses and damages that are caused due to an accident, natural calamity, or man-made disasters like riots or strikes.

It provides the financial liability that you have to face if a third party suffers a health condition, disability, vehicle, or property damaged by your vehicle. Also, it comes with a personal accident cover if you suffer from a disability or death from an accident.

Third-party car insurance will minimize your financial liability in case a person suffers from an injury or if his property or vehicle gets damaged due to an accident with your vehicle. You can search for a motor insurance policy online to get coverage for damages due to theft, riots, strikes, terrorism, landslides, flood, terrorism, and other man-made and natural disasters. A car insurance policy can provide the following benefits to you:

Key replacement cover

Don’t panic if you lose or damage your key cover in an accident or if it gets stolen as a motor insurance policy will provide you with a key replacement cover. This cover can be used to clear the replacement service fee charged by a locksmith.

Third-party insurance

Any damage to the property, life, or vehicle of the third party due to your car is also compensated by a car insurance policy.

Cover for accidents

Subscribe to a car insurance plan that comes with personal accident cover to compensate for the loss of life or disability for you (owner), your driver, or co-passenger.

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one...

All Insurance News and Plans

Search This Blog