Why Do We Need Car Insurance? Check the Benefit !

Why do we need car insurance?
Why do we need car insurance

Gtkjatim.com - Why do we need car insurance? Driving a car is not a luxury, but a great responsibility. Many people even consider driving a status symbol, especially in countries like India where people believe in showing off. 

With the rise in income, nowadays, owning a car is not a big problem and people can easily buy a bike and a car. 

They not only indicate the state of the community, but also increase mobility and thus save time. Driving also eliminates dependence on public transportation.

It is true that driving a car has made our lives interesting, but at the same time it pushes us towards a dangerous life. As someone said, "The highway ended at the cemetery." In the name of arrogance, people not only put their lives at risk but also harm others by claiming their cars. 

Daily reports of accidents and deaths in newspapers became common. People die in road accidents, they break traffic rules and don't follow driving ethics and it also endangers the lives of others. 

In addition, the cost of spare parts along with high repair costs squeeze your pocket, which proves that it is important to have a good car insurance policy now.

Car insurance is primarily purchased for vehicles traveling on the road with the primary objective of protecting the vehicle and driver from physical damage in the event of an accident. 

Buying auto insurance is important for many reasons:

1. Mandatory by law: 

The main reason to buy car insurance is that it is mandatory by law. Liability insurance must comply with the Motor Vehicle Act. The police have the right to check your vehicle documents such as PUC, license and insurance policy at any time. If you can't submit the document, you'll run into problems. Therefore, it is recommended to purchase car insurance before hitting the road.

2. Vehicle loss and damage: 

We all know that people have absolutely no sense of driving, the kind of traffic management that exists in our country, and it's hardly a day that you don't damage a vehicle. The main reason to get car insurance is that it covers the costs incurred due to the loss or damage to your vehicle. Therefore, it is always a good idea to be safe and secure before riding a bike or car on the road.

3. Reduce Your Liability: 

Motor Vehicle Liability Insurance (MTPL) is mandatory in India, which protects you from the legal consequences of an accident you caused. OSAGO means that if you cause damage to another person and property as a result of an accident, insurance will pay for their care and release you from liability.

4. Recovery: 

Not every car owner has been lucky enough to receive some injuries and bruises from an accident. Some accidents put you in a difficult situation and you need to be hospitalized. In this case, your insurance company will pay the hospital bills instead of covering the main hospital and care costs out of your pocket alone.

5. Compensating your family after your death: 

Some horrific accidents have caused the death of car owners, and they are the saddest result of a traffic accident. After the death of the bread-making policy, it became difficult for his family to make ends meet today. Thus, a car insurance policy helps families to save costs after an accident.

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