Congratulations on buying a new car! We hope you didn’t forget getting “that”. That? Yes, “that”. With “that”, we meant Car Insurance. One of the most quintessential things that you need to get along with your car is car insurance. But why? In this blog, CKB24, who are dealing in second hand used car loans, will walk you through the importance of car insurance in Kanpur. So, sit tight till the very end.

Understanding Car Insurance

As per Motor Vehicle Act, a third party insurance is compulsory and you must purchase one whether you buy a new or a used vehicle. One can purchase a comprehensive cover as well. 

The former type of insurance protects you against financial and legal liabilities towards a third party. On the other hand, a comprehensive car insurance policy provides cover to your vehicle against damage due to accident, fire, theft, cyclone, flood etc. Along with this cover, it covers any third party liability.

Benefits of Having a Car Insurance

Here are five major car insurance benefits:

• Protection Against Damage or Loss
  

In case your vehicle is damaged due to an accident, fire, or  self ignition, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes, riots, or terrorism, your insurance policy covers these. Another benefit of car insurance in Kanpur is that it covers loss or damage while in transit by rail, inland waterways, air, road, or lift.

• Offers Personal Accident Cover
  

Another advantage of car insurance in Noida is that it offers Personal Accident Cover for a predetermined amount. Personal Accident cover provides protection against  permanent total disability, Death due to an accident. Furthermore, this cover can be taken for other passengers on an unnamed  basis (maximum as per the vehicle’s seating capacity) for a predetermined amount  under the car insurance policy.

• Easy Accessibility In Times of Repair
  

Usually, car insurances maintain a large network of garages across the country. This ensures you receive cashless services in all these locations, in case the need arises. This feature makes it convenient to avail of repair services in case of any damage to your vehicle.

• Covers Third-party Liabilities
  

If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance in Lucknow. Furthermore, if you face any legal liabilities in case of any bodily injury or death of a third party, your car insurance protects you against the same.

• No-claim Bonus.

Like one of the best new car loans, one of the major advantages of having car insurance is the no claim bonus (NCB). Customers are eligible for this benefit for every claim-free year. This may be available as a discount on the premium, which makes car insurance in Noida even more affordable.

Thus, buying car insurance is imperative. When you choose to buy car insurance in Lucknow, it is important that you do not have to undergo a long and cumbersome procedure. The entire process must be simple, quick, and convenient. Furthermore, choosing an insurer that offers the additional convenience of purchasing the policy online is recommended.

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