Auto Insurance in India

Auto insurance in India is mandatory for all vehicles plying on public roads. The Motor Vehicles Act of 1988 requires every vehicle to have at least third-party liability insurance before it can be driven on public roads.

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Third-party insurance provides coverage against any damage caused to third-party property or person due to the insured vehicle. However, it does not cover damages to the insured vehicle or injuries sustained by the driver or passengers in the vehicle.[placeholder]&vpmute=0&vpa=click&

Comprehensive insurance provides coverage against damages to the insured vehicle as well as third-party liability. It also covers damages due to natural disasters, theft, fire, and other perils.In India, there are many insurance providers offering auto insurance policies. The policy premiums depend on various factors such as the make and model of the vehicle, the age of the vehicle, the place of registration, and the type of insurance coverage opted for.

To purchase auto insurance in India, one can either approach an insurance agent or directly buy a policy from an insurance provider’s website. Before purchasing a policy, it is essential to compare the features and benefits offered by different insurance providers and choose the one that best suits your needs and budget.

In case of an accident or damage to the insured vehicle, the policyholder needs to file a claim with the insurance provider. The insurance provider will assess the damages and settle the claim accordingly. It is important to keep all necessary documents such as the insurance policy, driving license, registration certificate, and FIR (in case of an accident) handy while filing a claim.

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