Any valuable possession needs Insurance for added security. Therefore, four-wheeler owners should opt for a Car Insurance policy to protect their vehicles in case of an accident, damages or theft. The concept of any insurance is quite simple. One needs to pay a regular premium to get financial coverage from the insurer in case of any unfortunate incident involving the insured asset. Also Read – How to use a car insurance premium calculator? Here’s a clear idea of how car insurance work in India. Why should you buy car insurance in India? Car insurance is mandatory in India as per the Motor Vehicles Act, 1988. Therefore, one must opt for a suitable car insurance plan while buying a four-wheeler. Otherwise, it might lead to severe penalties. Moreover, insurance covers the owners’ financial expenses if their car faces […]
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