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Need to enroll your car for a Third Party Insurance?
Posted on: 16/Jul/2018 9:50:48 AM
Of all the different kinds of insurance policies, a third party car insurance is the cheapest. Any two-wheeler, four-wheeler or commercial vehicle can be insured under such third party insurance schemes. Apart from the affordability of these insurance schemes, the Motor Vehicles Act, 1988 mandates every vehicle owner to insure their vehicle, whether or not you use your vehicle frequently.
Furthermore, there are many other reasons for the vehicle owners to go for such third party insurance schemes. Financial safety is the other key reason; people with money constraints will directly opt for such insurance plans as a precautionary measure.
Comprehensive or Third-Party?
In general, people will be put in a commotion whether to choose car insurance policy that are comprehensive or third party. Between the two, the latter is recommended as it safeguards you with all the legal liabilities when you are bound to. On the contrary, in comprehensive policies, it provides complete protection towards damage caused to your car in a collision or accident or others.
