Thus, many genuine claimants of third party liability does not get adequate claim because more than 30% to 35% of the four-wheelers and 70% of two-wheelers in India do not have a valid Motor Insurance Policies, especially in smaller cities and towns. Also since third party liability Motor Insurance Policies are not heavily incentivised, agents are not motivated to sell or renew for that matter!
Even though only the third party liability Car Insurance is mandatory in India, most car owners opt for a comprehensive one so as to protect themselves from the unprecedented damage on Indian roads.
There are certain must knows of Car Insurance Policy Renewals, that must be kept in mind. Mind you, I mentioned Renewals because the first policy is usually purchased from the car dealer and hardly any thought goes into the same. It is only from the first renewal that it makes sense to analyse the need and then purchase the policy. Thus it makes sense to choose the best policy that suits your needs keeping the following points in mind:
Happy shopping for your Car Insurance Policy!
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