Benefits of Investing in a Comprehensive Van Insurance


At last, your four-wheeler is here. It’s giving you joy. You are super excited. You don’t have to walk long distances. You don’t have to depend on public transport. In a nutshell, a car is what you need to lead a comfortable life. But wait, owning a car comes with risks. From car accidents to breakdowns, car risks can plunge you into untold financial burdens. That’s why you need to invest in comprehensive van insurance.

A comprehensive insurance plan often includes the mandatory aspect associated with a normal car insurance policy. In addition to that, it covers injury to a third party as well as damage to the third party’s property caused by your insured car. The following are tips benefits of purchasing comprehensive car insurance. Invest in one and spin your car with confidence.

The Basics

Before purchasing comprehensive car insurance, it’s advisable to familiarize yourself with the following facts:
  • According to the Motor Vehicle Act of 1988, all vehicles must have a comprehensive car insurance.
  • You need to renew your car insurance before the expiry date. It’s the only way you can keep your cover active.
  • You can either go for 3rd party liability or comprehensive car insurance
  • You can choose your policy from any dealer. No one forces you to choose a particular dealer

If you need convenience, purchase a car insurance policy online. Plus, it’s easy to purchase your cover from online merchants.

Personal Accident Cover

In case you’re injured in an accident involving your insured car, the insurer will cater for medical expenses up to Rs. 15 lakhs in accordance with the terms and conditions of the comprehensive insurance policy.

Car Accident

Car accidents can be devastating. It can cause serious mental, physical, and financial challenges. Unlike third-party liability policies, comprehensive plans cover damages to your vehicle as well. So, if your car gets damaged during an accident, the insurance provider will take care of all the costs incurred for repairing the insured vehicle.

Damages Arising From Fire

With comprehensive coverage, your car is fully protected against fire. Fire due to lightning, self-ignition, and explosion are often covered under this plan.

Car Theft

Imagine you park your vehicle in a shopping mall’s parking lot and fail to get it while exiting the mall! That would be extremely devastating, right? But with a comprehensive cover, you can rest assured that your car is insured against theft. In case of car theft, you’ll receive the vehicle’s IDV (Insured Declared Value), after the claim settlement process.

Natural Calamities

Today, cities are more vulnerable to flooding than they used to in the past. Whether your car gets damaged due to natural disasters such as floods or manmade calamities like riots, it will be covered if you invest in a comprehensive policy.

Add-Ons

With comprehensive car insurance, you have an opportunity of purchasing extra covers besides your comprehensive plan. It’s also important to note that additional covers cannot be purchased alone. With add-ons, you have covers that are designed for exceptions. Plus, they are more customized, giving you the convenience you need to spin your car in style. With comprehensive car insurance, you benefit from the following add-ons:
  •  Zero depreciation
  • Immediate roadside assistance
  • Passenger cover
  • Protection of the engine against damage
  • Cover for return to invoice.

Comprehensive Car Insurance Online

Purchasing car insurance online is easy, quick, and convenient. Thus, you can purchase it—irrespective of your location. All you need is an internet connection and devices like laptops, PCs, Smartphones, etc. However, it’s important to do your research before settling on a particular dealer. Compare different car insurance quotes.

The best way to do this is to conduct in-depth research and then compare car insurance quotes. So, make it a point to keep the needed coverage in mind comparing different car insurance quotes and not get blinded by low prices. Generally speaking, an ideal policy is the one that provides adequate coverage at an affordable premium. So, make an informed decision and stay insured.

Having a Car Insurance

Most drivers purchase car insurance because it’s the law. However, that doesn’t necessarily mean that you should only invest in the minimum required coverage. There are numerous other reasons why you need to buy car insurance.

Pay Now, Save Later – Car insurance cab fully protects you and your family members from huge expenses. Investing a small amount in your own protection can help you avoid costly expenses in the future. Plus, coverages like collision, bodily injury liability, comprehensive, as well as property liability can help cater for the costs of expensive claims in case an accident happens.

Protecting yourself and others – Purchasing a comprehensive car insurance protects you as well as other car occupants from things like accidents and breakdowns. So, if you care about your passengers, family members, and other parties, think in terms of getting a comprehensive car insurance policy. It will protect you from accidents, body injuries, deaths, etc. Remember, the cost of car insurance can be high. So, shield yourself from these costs by getting comprehensive car insurance.

Saving Time and Hassle-Free – Car accidents are not only costly but also time-consuming. From negotiating with other drivers to managing car repairs, accidents can be tedious. However, you can cover yourself from these occurrences through comprehensive car insurance. Your car insurance company will handle all the claims—giving you humble time to concentrate on other important matters.

Peace of Mind –Life is all about having peace of mind. That’s what makes you more productive. However, car accidents can be time-consuming and tedious. Plus, car accidents cannot be predicted. However, taking comprehensive car insurance gives you the peace of mind you need to carry on your daily activities knowing that you are covered by a reputable company.

Supplementing The Health Insurance Cover– Getting comprehensive car insurance can supplement your ordinary health insurance cover. It can help you cover those extra costs. Costs such as dental surgeries, medical treatments, and organ rehabilitation can be covered by an auto car insurance cover.

The Bottom-Line

Don’t bask your car in uncertainty. If you love it, insure it. Choose the right van insurance cover. Remember, a car is an expensive investment. Plus, unforeseen risks can happen. That’s why you need to invest in comprehensive car insurance. The above are the benefits of purhasing comprehensive car insurance.