123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Motor Insurance – The Pros And Cons Of The Requirement

Profile Picture
By Author: Pranav V Sharma
Total Articles: 141
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Firstly, what is motor insurance? Motor insurance is anything that pays for the loss or damage of your vehicle. Be it a car, 2-wheeler or commercial vehicle, your insurance should pay for any unforeseen events. That itself should tell you why it’s such a necessity; you never know what is going to happen while you’re driving and it’s always a good option to have a back-up finance solution.

Despite being the requirement of the 21st century, motor insurance has a lot of flaws. A lot of motor insurance companies charge high amounts of premium costs for absolutely no reason. Hardly having any kind of coverage, it feels like a waste to spend so much on an insurance that’s never going to help you when need be. It’s imperative for one to check coverage and compare costs of several insurance companies before settling on the final one. Several companies have so many loopholes in their motor insurance policies that you can never make a claim when you need it most. If you know the claiming process before you buy the insurance, you can avoid such difficulties.

However, looking at the story from both viewpoints makes ...
... you realise that the advantages of motor insurance largely outweigh the disadvantages. If you have motor insurance, not only is your vehicle insured against accidents, but you can also have liability insurance. Liability insurance ensures that if a third party is injured in the accident, and you’re responsible, a part or all of their treatment is paid for by your insurance company. Your motor insurance can also cover theft or damage by natural disasters. Knowing exactly what all your policy includes will help you understand its benefits.

Choosing an ideal motor insurance policy is no cake walk. You have to know the variety of policies available in the market before choosing you own. And there are a lot of points involved for comparison. You, as a customer, should be well aware of all these so the motor insurance company does not provide you with a policy that is absolutely illogical or of no use to you.

Motor insurance will make sure that you have nothing to worry about when driving to a destination. Choosing a policy that fits your life will ensure that none of the disadvantages of motor insurance apply in your situation – be a smart buyer and be sure that what you’re picking is right for you. There’s nothing wrong with asking friends, families or even companies about all the options. Motor insurance is a long-term investment – make sure you make a wise choice.

Author Profile :

Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right motor Insurance & often shares his insights about the vehicle insurance industry on internet.

Total Views: 401Word Count: 466See All articles From Author

Add Comment

Insurance Articles

1. 6 Qualities Of A Reliable Music Insurance Company
Author: victor12johnson

2. 5 Common Mistakes To Avoid When Getting Violin Insurance
Author: micheljordan4

3. Understanding The Need For Clarinet Insurance
Author: musicinstrumentsins

4. A Guide To Insuring Your Music Studio
Author: victor12johnson

5. Audio Equipment Insurance For Home Studios: Is It Worth It?
Author: micheljordan4

6. Best Astrologer In Hoodi
Author: Astrogroup

7. Explore Microsoft Software Solutions With Vexil Infotech
Author: vexil infotech

8. Vexil Infotech: Your Trusted Partner For Nbfc Loan Management Software
Author: vexil infotech

9. Why Choose Business Loans Over Other Options?
Author: Capital Business

10. A Comparative Analysis Of Dedicated Piccolo And Home Insurance Plans
Author: musicinstrumentsins

11. Common Perils Faced By String Instrument Owners
Author: victor12johnson

12. The Strategic Importance Of Financial Advisory In India's Growing Economy: Trends, Challenges, And Future Prospects
Author: Drishti Desai

13. The Hidden Costs Of Health Insurance
Author: Algates Insurance

14. Explore The Journey Of Saxophone From Raw Brass To Musical Beauty
Author: micheljordan4

15. Comparing Comprehensive Home Insurance Plans: Tips For Uae Residents
Author: Stephan Rose

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: