Tips For First Time Automobile Insurance Buyer

               automobile insurance possesses two parts.


                1. One is that the third part liability
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                The third party insurance is compulsory in India.


                 2. Second part is that the own damage part.


                  Insurance Buyer first tips is The damage to one’s own car once you buy both of coverage, it’s then called comprehensive policy.


                 Package policy regardless of the age of the car, liability policy or third party policy is compulsory This policy is taken for any damage to any third person’s property or injury or death of a 3rd person On your behalf, compensation is paid to the third party by the insurance firm.


                  Automobile Insurance Buyer second tips is the compensation amount is settled through the court of law If we are driving the vehicle, or it’s being driven by our acquaintances or us, but with a legitimate licence and it meets with an accident, the damage is roofed by it insurance firm provides the claim after deducting depreciation of the car counting on the age of the car For a replacement car one should take a package policy within the initial years.


                  Automobile Insurance Buyer third tips is he depreciation is sort of low there’s not much difference among various auto insurance policies offered The difference in premium could at the best be of a couple of hundred rupees Most of the policies seem to possess an equivalent features.


                   Automobile Insurance Buyer fourth is the insurance companies have now started offering zero depreciation or zero dep policies In these policies, they’re going to not deduct any depreciation since it’s the depreciation that hurts the foremost As a result, the premium are going to be slightly higher But just in case of injury to your car, the additional premium are going to be quite compensated.