Recent times have seen a huge boost in the car sales, with the cars being more and more affordable the middle class sector has also started opting for a four-wheeler. With flexible loans and EMI options it has become very easy to own a car. So does your responsibility as the owner end after you buy a car? The answer is no, as the owner of the car you are responsible for any mishap occurring to anyone due to your car. Also, what if your car gets stolen? So it is necessary that you take some steps to avoid any mishaps due to your vehicle in the future. With a view to protect you and your car, many companies have started giving Auto Car Insurances. Like any other insurance these car insurances provide a cover to the insurer and the vehicle insured depending upon the type of cover you have purchased. Generally there are two types of covers available in the market, they are: The Comprehensive Car Insurance policy and The Third Party Car Insurance policy.
The Comprehensive Car Insurance Policy covers the vehicle and the insured person against any Man-made of Natural Calamities. The Natural calamities may be classified into: Earthquake, Hurricane, Typhoon, Flood, Tsunami, Hailstorm etc. and the Man-made calamities can be classified into Burglary, Riots, Theft, damage due to travel on road, terrorist activity etc. Also it includes the cover for the driver against any accident while driving, and also the fellow passengers. Also it includes the mandatory Third party coverage.
On the contrary, The Third party Car Insurance Policy doesn’t include any cover against the natural and man-made calamities as in the case of the comprehensive insurance policy. It only includes the cover against any Third Party incident occurred, which includes the pedestrians, the passengers inside the car, the passengers and driver of the car one’s car collided with, and also the damage caused to the vehicle with which the collision took place, and it also includes the owner and the driver of the car.
It is better if one selects the Comprehensive Car insurance policy, as it provides a vast coverage. The things covered in the policy differ from company to company, so it is a good practice to compare polices of different insurance companies and then select best Auto Car Insurance of them. The site: http://autocarinsurancecomparison.net provides quality information about the different insurance policies available in the market.
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