When buying a car insurance plan, one of the most important decisions is choosing between a third party car insurance cover and a comprehensive car insurance cover. The two are quite different from each other and offer different sets of covers. Third party insurance only covers you against third party liabilities but comprehensive car insurance give you own damage cover along with third party liability coverage. Comprehensive car insurance is often recommended by car insurance experts as the price you pay for the premium is far less that the money you might have to spend on repairs of your car in case of a mishap. Comprehensive car insurance also gives you cashless garage network access which makes the claim process very smooth and enables you to get your car repaired in a timely manner.
In this article we discuss the benefits of buying a third party car insurance plan. Take a look and learn more about this form of car insurance.
How to buy a third party car insurance policy
In today’s modern digital age, it has become extremely easy for you to own a third party car insurance plan. It can quite literally been done with a click of a button, in a few minutes. There are some steps however that need to be followed when making the purchase. Let us find out what they are Log in: First and foremost, you need to go online, either on your desktop or smart device. Find a good insurance aggregator website like Coverfox.com and begin your third party car insurance shopping.
- Enter your details: The website will ask you to enter all the details about yourself and your vehicle. These will include your name and contact information. Then, you have to enter your vehicle’s registration number, along with the chassis and engine numbers. You also need to feed in the model number and the make of the car. Once that is done, you have to give information about your existing car plan, if any.
- Run a comparison: Once you submit the required details, all the available third party car insurance plans will be displayed on your screen with their quotes. Carefully scan through the plans and see their features, prices, etc. Shortlist the plan you feel is ideal for you.
- Check the claim settlement ratio: Next, and extremely importantly, you need to see the claim settlement ratios of the insurance providers. Before you hit the purchase button, make sure your chosen insurance provider has a high claim settlement ratio to boast about. This will make the plan work in your favour at all times.
- Make a purchase: After you have successfully located the third party car insurance plan of your choice, go ahead and make a purchase. You can do it then and there. Fill in the application form, make the payment online and the plan will be issued in your name instantly.
This is exactly how simple it is to buy a third party car insurance plan in India nowadays. What are you waiting for? Go right away and get your own cover.
Best third party car insurance online
Every general insurance company in India offers third party car insurance plans these days. As a vehicle owner you therefore are spoilt for choice. But there is a downside to this as well – you get very confused about the plan to buy and may even end up making an incorrect decision. We have a simple guide here for you to help you find the best third party car insurance online. Take a look:
- Understand the cover: Before you buy, make sure you understand the terms and conditions of third party car insurance. As the name suggests, a third party plan only compensates a third party and not you. If you want a cover for your own vehicle too, this type of a plan may not be suitable for you. In that case, you would need a comprehensive plan. So go through the policy details and see whether or not third party car insurance is ideal for you.
- Choose good insurer: Do not simply buy a plan that looks good to you. Check for the insurer’s reputation. To find the best plan, you need to find an insurance provider who has a good claim settlement ratio, a good customer support team and a good digital presence. These factors will make the insurer dependable and their plan bankable.
Keep these two very important tips in mind and you will be able to find the best third party car insurance plan online in no time.
Conclusion
A third party car insurance plan is indeed a very useful type of motor insurance cover. Take some time to find the best possible plan. Keep all the tips mentioned above in mind and get set to own a wonderful car insurance plan. Make the purchase online and save some additional amounts of money as the online plans are always cheaper than the offline third party car insurance plans.