Motor Vehicle Insurance Content Motor vehicle insurance

Motor Vehicle Insurance

Motor Vehicle damages might burn a hole in one’s pocket. To protect yourself from ending in such an adverse position, motor vehicle insurance is a must.

Explore Advantages of Motor Vehicle Insurance

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Motor insurance is a sort of policy that financially protects your car from potential threats. The policyholder's car or two-wheeler is protected financially in the event of an accident or other hazard. Motor insurance is required in India.

Damage or loss to insured vehicle

In case your vehicle is damaged due to an accident, fire, or self ignition, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes, riots, or terrorism, your insurance policy covers these. Another benefit of car insurance is that it covers loss or damage while in transit by rail, inland waterways, air, road, or lift.
Personal accident cover

Another advantage of car insurance is that it offers personal accident cover for a pre-determined amount. Personal Accident cover provides protection against permanent total disability, Death due to an accident. Furthermore, this cover can be taken for other passengers on unnamed basis (maximum as per the vehicle’s seating capacity) for a pre-determined amount under the car insurance policy.
Large network of garages

HDFC ERGO Car Insurance maintains a large network of garages across the country. This ensures you receive cashless services in all these locations, in case the need arises. This feature makes it convenient to avail of repair services in case of any damage to your vehicle.
Third party liabilities

If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance. Furthermore, if you face any legal liabilities in case of any bodily injury or death of a third party, your car insurance protects you against the same.
No claim bonus

One of the major advantages of having car insurance is the no claim bonus (NCB). Customer is eligible for this benefit for every claim-free year. This may be available as a discount on the premium, which makes car insurance even more affordable.

List Of Documents Required For Motor Vehicle Insurance

A proof of identity, which could be one among:

Passport
Driving license
Aadhar
PAN card
Government issued photo ID
A proof of address, which could be one among:

Passport
Driving license
Bank or post office passbook
Government issued address proof
A recent passport size photograph
Driving license
Registration certificate of the vehicle