It has been well said that safety is the cheapest and the most effective policy. As a matter of fact, if you are extra cautious and follow all the rules of traffic then at least you can justify yourself in certain critical situations. However, destiny always has something in store for you, may be sweet or sour. It is also a fact as we are mere human beings we can't fight against it. But, yes we can, at least take preventive measures as prevention is always better than cure. Here in this context the automobile insurance can be mentioned. The rules of this policy come associated with various range of situations and most interestingly the aspects of the policies might often differ from state to state. Though, there are certain laws of Insurance which are universal but some important areas needs to be clarified and be aware of.
In cases of accidents, the rules of automobile insurance in all the states are almost the same. In India, automobile insurance is done mainly by prominent financial institutions and various banks which are in turn hooked up by the individual car companies or owners. This type of insurance basically covers the damage or loss which are incurred by the vehicle. You can take the support of the traditional method or the most advanced technology i.e., the Internet to get the latest information regarding the automobile insurance and travel insurance. You can even take into account various considerations while searching such affordable auto insurance rates. Various factors such as driver history, model of the automobile etc., would be taken into account by the insurance company. Moreover, if you use the Internet option then the process of application would also be a very simple process and would not consume much of your time. Just select your appropriate policy, click onto it to get access to the terms and conditions. After that when you are satisfied, you can go for applying the form at ease.
The major players in the automobile field are Ashok Leyland, HMT Tractors, Royal Enfield, Chevrolet LML India Swaraj Mazda Ltd., BMW Kinetic Motor Co. Ltd., Sonalika Tractors, Force Motor, Monto Motors, Toyota, Kirloskar Motors, Ford Motors, Nissan Motors TVS Motor Co., Hero Honda, Reva Electric Co., Volvo, Hindustan Motors, Rolls-Royce Motor, Yamaha Motor etc. while one of the eminent automobile insurer is ICICI Lombard.
The automobile insurance is basically done to safeguard or protect you against any sudden unfortunate events such as accidents or loss of the vehicle. However, for such preventive measures you would obviously have to dent your pocket, but yes it is quite affordable. For this, you are required to pay a specified amount of money at certain intervals for a particular period of time. As such, in case any loss has been incurred by the vehicle then the individual would get the insured amount to meet the loss. It must be borne in mind that such policy covers various other issues such as sum invested for repair works, damage occurred to a particular part or the vehicle has been totally damaged. However, you would get the insured money only after the investigation process gets completed.
This policy can be opted as you can safeguard your vehicle from various consequences such as damages occurred due to theft, fire and vandalism etc. However, while selecting such a policy you must be sure that your policy has some basics of coverage such as collision coverage, deductible, comprehensive coverage, effective date, glass coverage, endorsements, and exclusions.
Article Source: http://EzineArticles.com/1685200
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