Motor Vehicle Insurance Friends, today we will learn about what are the types of motor vehicle insurance and what documents you need to get motor vehicle insurance, and how you can get your motor vehicle insurance done both online and offline.
Can and which insurance will be better for you, today we will give you complete information about first-party, second-party, and third-party insurance, what is the difference between them and in which sectors they are used in motor vehicles, and which are used in your car. The insurance premium depends on what, so today we will tell you all these things, stay connected with us to know all these things.
What Is Motor Vehicle Insurance
Motor vehicle insurance has become very important in today’s time and according to Indian law, you must get your vehicle insured, if you do not get your vehicle insured and you are caught, then you will be fined heavily.
Yes, you should get your vehicle insured so that you can drive your car without any problem, mainly there are two types of insurance, comprehensive and third party, today we will tell you about both of these with ease, which you have the advantage and what is the disadvantage. And which insurance should you take according to your need and how can you take insurance?
Third-Party Motor Vehicle Insurance
First of all, we are telling you what are the types of motor vehicle insurance, first is comprehensive, and second is a third party, first of all, we will tell you what is third party insurance, third party is basic insurance in this if an accident happens with you, then the company will not provide you any kind of compensation or the cost of repairing your vehicle in that case, but only the person with whom you had an accident will get the benefit of your insurance and whatever damage he has suffered.
The company will pay only for that, the company will not compensate you for any kind of loss, whether it is the cost of your treatment or the cost of your means, the company will only compensate the expenses of the person with whom you have had an accident. The premium is very low and people who have small means like small bikes and people who have small vehicles, whose means become very old, like to take this loan.
First-Party Or Comprehensive Insurance
In first-party and comprehensive insurance, generally, comprehensive and first-party insurance is taken along with the car and bike, because in whatever new vehicle we buy, if we have any kind of accident or our car and If the bike is stolen, then, in that case, the company gets us the means as well as whatever loss we have suffered from the company side.
Will compensate for the loss of that other person, as well as whatever loss you have suffered, your company will also bear the full cost of it, but 2 is first party and comprehensive, its premium is very high if we consider it as a third party. If you compare it with the party, then you have to spend more annually on this, but if you take this insurance, then you get the full coverage of your vehicle.
Where To Get Motor Vehicle Insurance
Getting motor vehicle insurance has become very easy in today’s time and you can get it done even while sitting at home, for this you do not need to go to any agent, if you want, you can check your vehicle’s bike from your mobile.
You can do insurance yourself, it will save you a lot of time and you can do it in a very easy way, for this only you will need the number of your online vehicle, a photo of RC, and a photo of ID proof and you can do insurance yourself sitting at home. For offline insurance, you will have to go to any agent and show all these documents to him and he will ensure your bike himself, for this, you will either have to go to the agent or to the company.