Why Do We Need an Insurance for Our Vehicle

 Notivku, Driving is not a luxury, it's a chore. Even many people consider driving a car as a symbol, especially in a country like India where people believe in showing signs. With increasing income, owning a car is not a big deal these days and people can easily afford bikes and cars. It not only reflects the state of society, but also increases mobility and thus saves time. Driving also eliminates reliance on public transport.

Why Do We Need an Insurance for Our Vehicle

It is true that driving has made our life more relaxed, but at the same time it has pushed us to a more adventurous life. As someone rightly said "The fast road ends in the grave". In the name of this show, people are not only risking their lives, but also harming others by speeding their cars. Daily reports of accidents and deaths in newspapers are now commonplace. People lose their lives in road accidents by breaking traffic rules and not respecting driving rules, and they put other lives at risk. Also, the cost of equipment and high repair costs put pressure on your pocket, which shows that having good car insurance coverage is essential these days.

Car insurance is purchased for a car traveling on the road with the main purpose of providing protection to the car and the driver against any physical damage in case of an accident. There are many reasons why buying car insurance is important: 

Mandatory policy: The main reason for buying car insurance is that it is mandatory and legal. According to the motor vehicle policy, it is mandatory that you have liability insurance. The police have the right to check your vehicle documents such as PUC, registration and insurance policy at any time. If you can't provide documentation, you will be in trouble. Therefore, it is a good idea to get car insurance before hitting the road.

Vehicle loss and damage: We all know that people have no sense of driving and with the kind of traffic control we have in our country, there is never a day when you don't cause a problem. The main reason you should get car insurance is that it covers the costs incurred due to the loss or damage of your car. Therefore, it is always a good idea to be safe and have car insurance before riding your bike or car on the road. Reduces your liability: Third party car insurance (TPL) is mandatory in India, which protects you from legal liability caused by an accident. TPL means that if you damage someone else and their property in an accident, the insurance will pay for their treatment and leave you legally free. Hospital: Not all car owners are lucky enough to get cuts and bruises in an accident. Some accidents put you in a serious situation and must be hospitalized. In this case, your car insurance company will pay your hospital bills, instead of paying high hospital and medical costs out of your pocket.

Indemnify your family after your death: Some accidents are so terrible that they result in the death of the car owner, which is the worst cause of road accidents. Once an insured person who earns a living dies, it becomes difficult for his family to meet their daily needs. Hence, a car insurance policy helps the family to pay their bills in case of any unfortunate event.