Owning a car is a milestone in several people’s lives, especially if it is their first car or the car of their dreams. A car can cost anything between Rs. 4,00,000- Rs. 1,00,00,000 or even more. Hence, the investment in buying a car is high and any damage to it can be heartbreaking and financially damaging. This is why the first step after buying a car must be to buy a car insurance plan.
To help you understand how to choose a car insurance plan with the best features, here are some very important ones listed below-
Third-party cover- Third-party individual is anyone other than the insured individual involved in an accident. With a third-party cover, you ensure that any expense incurred in the treatment of a third-party injury or repair of a third-party vehicle is incurred by the insurer. With this feature, you can also avail of compensation in case of the demise of a third-party individual in an accident involving the insured vehicle.
Zero Dep car insurance- With the feature of zero depreciation cover, your insurance provider cannot deduct any depreciation cost of your vehicle parts and has to pay for the original cost of the car parts in case of repair. While generally the depreciation value is deducted by the insurance provider, but with the zero dep benefit, you get the full cost of your car parts.
Comprehensive cover protection- It is always advised to go for a comprehensive car insurance plan that covers not just third-party costs but also provides financial benefits in case of damage to the insured individual or his/her vehicle. Furthermore, it also provides accidental death insurance cover for the insured individual along with the option of availing several add-on benefits.
To avail of a bike insurance plan with all the above benefits or to know more about the motor insurance plans you can visit the Bajaj Finserv website.
Read More: What Are The Major Differences Between First Party And Third Party Car Insurance?
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