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What is Car Insurance?

Car Insurance is a vehicle policy to protect yourself from financial losses arising from unforeseen risks such as accidents, thefts or Third Party Liabilities. It is also known as auto or motor insurance. As per the Motor Vehicles Act, 1988, Motor Car Insurance is mandatory in India. You can avail Four Wheeler Insurance to obtain cover for you (insured party), your car (insured vehicle) and third parties (other vehicles and their property). You can renew or Buy Car Insurance for both new as well as pre-owned cars. The validity of a Car Insurance Policy is one year which means that you have to renew it annually before expiry. The car owners have to pay premiums to the Car Insurance company to buy the policy. You can claim the policy amount as reimbursement from the Car Insurance Company to cover the cost of damages incurred due to accidents or any subsequent

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