Vhingo Motor Vehicle Insurance

Motor insurance is a mandatory insurance policy for vehicles like cars, trucks, bikes, scooters, and jeeps. It provides coverage to the vehicle owner or driver against financial losses that may arise from accidents or damages. In India, having valid motor insurance is compulsory to protect vehicle owners from potential financial risks. The government mandates it for the safety of individuals who use motor vehicles.

Buying a vehicle is the second most expensive investment in a person's life after a home. Therefore, protecting the investment against unforeseen events is crucial. With the hike in vehicle repair charges and the risks involved in driving, an unfortunate accident can put a big hole in your pocket. The yearly premiums that you pay for a motor insurance policy are minimal compared to the protection and advantages that the coverage offers you in case of mishaps. Although many misconceptions surround the policy, it will most certainly compensate you for physical damage that arises under different circumstances.

Driving in India has many associated risks, considering there are millions of people who own a driving license, and at least one vehicle in every household. Vehicles have become a crucial means of transportation, eliminating people's need to travel via public transport. However, an increased number of private vehicles also increases the risk of road accidents and rule-breaking. Therefore, owning a comprehensive motor insurance policy becomes critical. Here are some reasons why you should buy a vehicle insurance policy:

  • Legal Requirement: The first reason is to follow the laws and regulations of the government. A person should buy a motor insurance policy with minimum coverage before taking the vehicle out on the road.
  • Third-party Damage Coverage: With sufficient coverage, you can pay for the damages that occurred after a collision with a third-party. Without motor insurance, you'll have to pay from your pocket, and an appropriate amount of coverage can take care of such expenses.
  • Security Against Theft: Theft is one of the most significant threats to a vehicle. But with a vehicle insurance policy, you are protected against theft, vandalism, and all man-made harmful activities.
  • Damage Expense Coverage: Paying outright for vehicle damage repairs will affect your financial condition. However, you can pay for such damages with insurance even though the amount is hefty as long as you have enough coverage.
  • Insurance against Personal Injuries: Not every vehicle owner is lucky enough to get out of accidents without suffering from injuries. The motor insurance policy will pay for all the minor and major injuries that might occur due to accidents.
A vehicle insurance policy is composed of numerous features that are beneficial not only for the vehicle owners but also for other parties. The insurance companies allow a vehicle owner to keep their customers and others safe on the road by providing the following features:
  • A hassle-free way to acquire motor insurance online with minimal efforts.
  • Avail comprehensive and third-party insurance for complete protection.
  • Renew the insurance online without having to waste your time traveling or filling hard copies of forms.
  • Get proper coverage against natural and man-made calamities, including floods, earthquakes, theft, accidents, and vandalism.
  • Include third-party liability coverage to compensate for the losses of other parties.
  • Making cashless claims is also easier by providing sufficient evidence in case of accidents and theft.
  • Most companies have a network of garages where you can get repair work done and ask for an evaluation of the vehicle's condition after mishaps.
  • No claim bonus feature a vehicle owner to file a claim at any time and even offers transference to other insurers.
  • All motor insurance companies offer dedicated assistance and customer support service to the customers to keep them updated regarding the motor insurance policy and claim status.
  • Add-on features are also available to allow customers to add coverage to the policy at any point.

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