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Driving a vehicle isn’t a luxury relatively it is a big responsibility. Even many people consider driving as a standing image especially in a country like India, where folks imagine in showing off. With the growing earnings slabs, having a vehicle is in no way a big deal now a days and people can easily afford to have bikes and cars. It not only depicts the status of a society but also will increase the mobility and therefore saves time. Driving is eliminating the dependency on the general public transport too.

It is true that driving has made our lives comfortable however at the same time it also pushing us towards a deadly life as well. As somebody rightly said that «The speedway ends on the cemetery». On the name of show-off, individuals not only put their own life into hazard but additionally damage others as well by over-speeding their vehicles. The each day reports of accidents as well as deaths within the newspaper is now a typical thing. People are losing their lives in road accidents by breaking the site visitors rules and by not following the driving ethics in addition they put lifetime of others in danger. Moreover, the cost of spare parts along with the high repair costs squeezes your pocket which proves that having a good Motor Insurance coverage is essential these days.

Motor Insurance is mainly bought for the vehicles running on the roads with the primary goal of providing a protection to the vehicle and the driving force against any physical damage in case of accident. There are various factors for which shopping for a Motor Insurance is vital:

Obligatory by Law: The foremost reason of shopping for a Motor Insurance is that it is compulsory by law. According to the Motor Vehicle Act, it is necessary to have a Third-party insurance. The police have the appropriate to check your vehicle’s documents like PUC, license and insurance coverage, at any point of time. In case you are unable to provide documents, you will be in trouble. So, it is advisable to buy a motor insurance earlier than you hit the road.

Loss and Damage to the vehicle: We all know that the people haven’t any driving sense at all and the kind of site visitors management we now have in our country, there’s hardly a day you without banging of vehicles cause damages. The primary reason for having motor insurance is that it covers the bills incurred attributable to any loss or damage to your vehicle. Hence it is always good to be on a safer side and have a motor insurance earlier than riding your bike or automotive on roads.

Reduces your liability: Third Party Liability (TPL) motor insurance is mandatory in India, which protects you from the legal implications of an accident caused by you. TPL signifies that when you cause damage caused to another particular person and his/her property in an accident, the insurance will pay for their remedy and save you from the authorized bearings.

Hospitalization: Not every vehicle owner is lucky enough to get just few cuts and zanussi01 bruises in an accident. Some accidents put you in a difficult situation and it is advisable be hospitalized. In that situation, your motor insurance firm will pay your hospital bills, instead of shelling out the high hospital and therapy costs from your own pocket.