What does car insurance mean?
In simple words, car insurance means insurance against loss due to theft or traffic accidents. In-Car insurance policy, there is an agreement between the car owner and an insurance company where the car owner will pay premiums and an insurance company will cover loss or damage caused to the car.
What are the types of car insurance plans?
Car insurance plans include Comprehensive car insurance, Personal risk coverage, co-passenger protection coverage, and third-party liability insurance. Car insurance also covers damage caused to vehicles due to an accident, natural disaster, theft, or third-party liabilities.
What damage does car insurance not cover?
Car insurance will cover the repair cost when the damage is done due to an accident or the as per policy conditions but the car insurance will not cover routine wear and tear repair cost or mechanical breakdown cost.
What are the benefits of car insurance?
Benefits include you paying less when the damage caused due to an accident. If another person is hurt due to an accident then the car insurance policy protects you against lawsuits. It also helps to avoid the devaluation of the. These are the main benefits of car insurance
What does insurance cover when your car is broken into?
When your car is broken by someone then car insurance usually covers the damaged lock, broken window, and dismantled ignition system.