Car insurance not only protects you from the unprecedented accidents but also provides you with the much-needed peace of mind. The reason why an appropriate insurance is required is that you never know what might befall upon you: you might get into an accident or be a one to cause an accident. Thus, it is important to opt for a suitable insurance cover to ensure that your journey is safe and sound- without any sort of hassles. And, as to why you need to drive with peace of mind, is because it helps you to stay focused and ensure that you don’t run into an accident. However, what if we told you that you even need a car insurance policy for a vehicle that is parked? At first glance, it doesn’t really seem like a valid question because every parked car runs on the road and you need a third-party cover to drive on the Indian streets. However, what if you haven’t used your car in a while? Do you still need an insurance cover? The answer to this question would be a big “YES” because:
- It is mandatory: Yes, you read it correct! You need to purchase a car insurance policy, even if your vehicle is in your garage and is not being used. Because the government of India has made it mandatory for all the vehicle owners to equip themselves with the minimum criterion of a third party insurance cover. Also, many-a-time, people often drive their vehicles without purchasing any sort of policy- just to save some money. Meaning, they drive their car without having any sort of protective cover to safeguard them in their times of crises. Thus, the government will charge you with a hefty fine and might even seize your vehicle- if your car is not equipped with an insurance policy. Also, you might even face legal issues; thus, it is wise to opt for an insurance policy.
- Provides protection: It is not given anywhere that your car might get into an accident only if it is on-road. There are chances that it might get damaged or stolen when it has been parked- you might leave your car unattended at the parking lot of your workplace, or in your own garage for a longer period of time. Thus, it is important to safeguard it by purchasing a good insurance policy that will cover all of its damages. Your comprehensive insurance policy covers a number of damages caused to your car when it is been parked and a few of them are here as follows: protection against fire, flood, storm, vandalism, theft, etc. Thus, you don’t even have to opt for an add-on because your comprehensive policy covers most of the damage caused to your parked car. Hence, even though the premium of the comprehensive cover is higher than your third party insurance, yet it is way more lucrative than your basic protection.
Hope you understand the reasons why you must equip your parked vehicle with an insurance policy.