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Advantages of A Car Insurance

Having car insurance is a must by law. It is illegal to drive a car without valid insurance. In case of bodily injury or cause of death to a third-party or damages, compensation is provided by car insurance. A third party insurance provides security to family members and yourself when driving your car. A comprehensive car insurance gives protection to your car from natural calamities such as earthquake, theft, terror attack, riots, hurricane, and cyclone or any man-made in addition to that party damages or claims. A car insurance may sometimes be difficult and confusing to understand. A car insurance buyer needs to be certain of some guidelines that need to be followed before choosing a policy. In times of crisis, a car insurance act as a good friend. When an accident happens, car insurance covers all the huge sums of money that would have come from your pocket. The following are the benefits of having a car insurance policy.

It protects you from total loss. An insurance cover protects you from the total loss of your car. Robbers may steal your car and never to be found again. Things that may cause you never to see your car again maybe due to it been driven to another country or cannibalized for parts. Spare parts market is very high, and thieves may have stolen your car to strip it and sells its spare parts. After an accident, your car may possibly be written off. In such instances, 50% total cost repairs would be what is exceeded in the total sum assured. Insurance companies write off such cars instead of repairing them. Your car may be burnt in a fire accident, which leads to the total loss of the car. With your car insured, you are able to get a brand-new car since the insurance company will settle or your claims.

Theft of car part is covered by an insurance policy. Thieves will take your car to steal its parts. Key components may be lost to thieves despite you having an intact car. Spare parts market is very lucrative in most countries. Your car will be stripped fully by thieves so that they get rid of things such as wheels, tail lamps, car stereos, and headlamps so as to sell them in the black market. An insurance company will compensate you for the loss when you make a claim based on such risks.

The insurance takes care of accident damages. You’re saved from financial losses when an accident occurs. An insurance company will pick tabs up when an accident occurs to make necessary repairs for damages caused to your car.

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