Car insurance, sometimes called car insurance or motor insurance, protects you and your vehicle from crashes, thefts, and natural catastrophes. You won’t face financial troubles if unplanned losses occur. You’ll also be protected from third-party liabilities.
Digit offers inexpensive online third-party, comprehensive, and own-damage auto insurance. Digit can fulfil your requirements whether you want simple third-party car insurance or comprehensive or own-damage coverage.
What’s best? Customize your IDV and seven car-specific add-ons. You may get Digit vehicle insurance for the first time, renew an existing policy, or make a claim online utilizing our quick and user-friendly smartphone-enabled procedures.
Your car insurance coverage is a legally binding contract between you and the insurer. The insurance will repay you for driving-related financial losses. You may suffer these losses if you damage someone and must pay for their medical bills or if your car is destroyed or stolen. Your motor insurance policy determines your coverage.
What Are the Various Kinds of Automobile Insurance Coverage Available in India?
- Policy on Third-Party Liability
According to the Motor Vehicles Act of 1988, all drivers must have liability coverage. This policy is the very minimum required to operate a motor vehicle on India’s public roadways. Why? For the simple reason that it protects you from legal responsibility for harm done to another person’s person or property.
- Car Insurance for Own Damage
Your Third-party Liability Car Insurance Policy will aid you in the event of third-party liability, but it will not cover any repairs to your vehicle. Specifically, you require Own Damage (OD) insurance for that purpose. The primary goal of this kind of insurance is to protect your vehicle financially in the event of an accident, natural disaster, or other peril.
- 3. Comprehensive Car Insurance Policy
Combine the protection of a Third-Party Policy with the security of Own-Damage coverage into one essential product: comprehensive auto insurance. Coverage may be further expanded by selecting the appropriate options below.
What Is the Purpose of Car Insurance?
Protecting both your vehicle and yourself from financial ruin requires purchasing auto insurance or four-wheeler coverage. Having third-party or comprehensive four-wheeler insurance is essential for several reasons, including those listed below.
- Observance of the law
- Third-party liability protection
- Anti-theft protection
- Protection against monetary losses
- Protect yourself against natural disasters.
- Accident Insurance for Individuals
Auto insurance is a must-have. Automobile insurance decisions might have major financial consequences for you and your family. Hopefully, you and your loved ones will never be in a catastrophic car accident, but the chances are against you. You should approach car insurance like a new house.
