Buy third-party insurance online in 5 easy steps
The road can be a pretty unpredictable place with so
many rash drivers out there. Due to this, the government has made third-party car
insurance mandatory for all vehicles plying on Indian roads. This
mandate has been stated in The Motor Vehicles Act, 1988 and holds true for
four-wheelers and two-wheelers. A vehicle without third-party insurance is one
that operates illegally.
So, what does third-party insurance do?
Third-party insurance financially protects you from
any legal liability in an accident caused by your vehicle. The policy covers
you in case of any injury, disability, or death of the third-party. It also
pays for the damages sustained by their vehicle.
How do I buy third-party vehicle insurance?
Gone are the days when you had to visit several insurance
companies and agents to get your vehicle insured. With the easy availability of
the internet, many insurance companies now offer third-party
insurance online. If you are tech-savvy, you can purchase a policy
online quickly. With that in mind here’s how you can buy third-party insurance
online in 5 easy steps.
STEP 1
To
buy the right insurance policy for your vehicle, the first step is to perform a
comparison between different available policies. By doing so, you will be able
to determine the right coverage suited to your needs. There are many insurance
companies in the market to choose from. Do a quick research on the their reviews,
descriptions, and premium ranges. You can use aggregator websites to help you
make this comparison easily.
STEP 2
After
selecting an insurance provider, the next step is to log on to the company’s
website to make the policy purchase. Make sure you type the address correctly.
Look for a secure padlock sign in the address bar as this signifies that the
website is safe.
STEP 3
Once
you are logged in, you will be asked to provide some important details that
include your name, e-mail address, mobile number, and so on, depending on your
insurer’s requirements. After that, you will have to fill in your vehicle
details like make and model, IDV (insured declared value), registration date,
registration city, and so on. After filling in all the details, check to see
whether there are any errors in the information and then click to go ahead for
your premium quote .
STEP 4
You
will now get a list of insurance options for your vehicle. Choose the plan with
the payment structure that is most affordable for you. Do read all the
inclusions and fine print of the policy too. Once you are sure of your
decision, go ahead to pay.
STEP 5
Insurance
companies offer many payment options when purchasing third-party
insurance online. You can pay using a credit card, debit card, or even net
banking. Once you finish your payment, your policy will be mailed to you within
a few minutes. You can take a print-out and keep the hard copy in your vehicle.
Whether you have just bought a new car or you simply
want your motor insurance renewed, do consider buying third-party insurance
online from the comfort of your home. We hope this article has helped you.
Good Luck!
The great blog about third party insurance. Thanks for sharing the blog, seems to be interesting and informative too. Could you help me to find out more details on Insurance Companies
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