Due to persistent
dangerous conditions on the road, even if
we do not plan on landing up in an
accident, we are prone to adverse conditions on the move. Hence,
investing in a good insurance plan for your vehicle is very essential. More
so, third party insurance is mandatory as per law in India. You
need insurance to cover for damages done to third person or property.
What should you opt for?
Many of us think
that since only third party liability coverage is compulsory, our job is done
when we purchase stand-alone third party insurance plans. However, it is more sensible to opt for comprehensive coverage. Comprehensive
insurance plans not just constitute of a third party liability policy, but also cover for damages to self.