Is a Auto Insurance Necessary for You?

Is a Auto Insurance Necessary for You?

In some Countries some kind of Insurance is compulsory. Different countries have different rules and regulations for insurance premium and their returning amount.

The More property you gain, the more risk of loss. It is wiser to do Insurance even though there is no accident....

Motor Insurance (also known as GAP Insurance, Vehicle insurance or car Insurance or a Auto insurance ) is insurance for motorcycles, cars, trucks and other road vehicles. This insurance provides protection against damage or human injuries due to accident.

Motor Insurance Contracts are liable to the essential standards relevant to property and obligation protection when all is said in done. The manager of the vehicle must bear a lawful relationship to the vehicle whereby he or she stands to profit by the security of the vehicle, right, investment or opportunity from risk and stands to lose by any misfortune, harm, damage or production of obligation.

Auto Insurance and Car Insurance, Is it necessary for you?

Required Documents for Motor Insurance (a Auto Insurance)

    Driving License Photocopy

    Route permit Photocopy

    Quotation and bills

    Description about accident from Vehicle Owner

    The required document incase of death of the driver, conductor or passengers.

    Police Report

    Accident Report Document

Auto Insurance and Car Insurance, Is it necessary for you?

The car insurance covers (private car, motorcycle, motor scooter, commercial vehicles, goods transport vehicles, passenger bus, taxi, and a variety of vehicles such as ambulances, Publicity Van, etc.) to damage, as well as third party offers, including compensation. If there is no damage to the fulfillment may be related to skilled. More bank loans to finance a car or take the risk of cases, this is even more.

The sum of amount of premium is determined by the date of the registration of vehicle to the Vehicle and transport Department.

There is always the risk of thief and accident of the vehicles and Automobiles. Even more there is higher risk for the 2 wheelers for the loss of the vehicle and their life. Even thought you are riding your vehicle in safety, there may be the risk of accident due to the fault of other vehicles. Such Economical loss of vehicle and theft can be covered by Motor (vehicle, Passenger and Third party) Insurance. Most of the 2 wheeler owner does third party insurance of their vehicles. If the owner does the Motor insurance, then only he can get protection from such thief and accident. Most of the transport company does the insurance of passengers, workers as well as third party insurance. But private cars and 2 wheelers only doesn't even renew the third party insurance.

While Doing Motor Insurance, it is necessary to show the purpose of owing the vehicle. So that the insurance company won’t pay the damage of the vehicle if the loss of the vehicle while working on other purpose that is not written in insurance paper. The detail information of insurer is to be written clearly in the insurance paper. The Insurance Company will not pay Insurance in case of loss due to the use of vehicle by person that doesn’t have driving license. Fire, Thunder, loss of motor or damage of its parts, volcanic eruption, flood, landslide, high snowfall and sudden accident are covered by motor Insurance. Also Loss due to violence, riot, and vandalism are also covered by motor insurance. The insurance company uses their expert to analyze the loss so while reporting to loss; we should not provide wrong information to them. This may lead to rejection of insurance or even may face legal problems.