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5 Benefits of Car Insurance You Can Get It

According to the Motor Vehicles Act, car insurance is compulsory and you must buy one whether you buy a new or a second-hand vehicle.

As your vehicle is one of the most important assets, it needs to be protected without hurting your pocket as much, as the repairs cost a lot. Car insurance protects you financially in the event of an accident by covering the loss and damage to your vehicle. Even after being cautious on the road, you can't expect any unexpected incidents to happen and you can be involved in the same and pay a huge amount for it to repair. Buying car insurance is the best way to protect yourself in such circumstances, as it comes with various benefits that can provide even better safety.

1.Damage to an insured vehicle

If, in any unforeseen event, your car is damaged due to an accident or fire, you are protected. In addition, if the car suffers losses due to burglary or theft, strikes or riots your insurance policy covers these. Another benefit of car insurance is that it covers loss or damage so you don't burn your pocket and face financial liabilities

2. Own damage cover

Another benefit of car insurance is that it provides personal accident cover. Personal Accident Cover provides protection against total permanent disability, Accidental Death. In the event of an accident, your own damage cover compensates you for the cost of repairing or replacing damaged parts of your car.

3. 8,200+ cashless garages across India

For your convenience, Reliance Car Insurance maintains a large network of garages across the country. This ensures that you get cashless services in all available garages, in case the need arises. You can easily avail this service in any such situation

4. No claim bonus (NCB)

One of the great benefits of having car insurance is the no claims bonus (NCB). The customer is eligible for this benefit for every claim-free year available as a discount on the premium, making car insurance even more affordable.

The BCN accumulates over the years and can be between 20% and 50%

5. Third party liabilities

According to the Motor Vehicle Act, it is mandatory for car owners to have third party car insurance. It protects you from legal liabilities incurred by the third party person or their property in an accident. In general, you are responsible for covering the treatment costs and if there is damage to their property/vehicle caused by you or your car. In either case, your insurer pays the compensation and saves you from the losses

Having a car insurance policy will give you complete peace of mind. You are sure that you will not have any financial difficulties