Motor Insurance – Everything That Your Policy Has To Include

By Author: Pranav V Sharma
Total Articles: 141
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Being one of the most important buys for any car owner, motor insurance ends up being a decision that you have to carefully consider. A motor insurance policy is something that lasts with you for a very long time, which is why you have to go through all the inclusions and exclusions it comes with. Without having the right kind of coverage, when you later want to use the motor insurance policy, you might not be able to place the claim. Make sure that the below list is included in your motor insurance without fail:

1. Burglaries
Your motor insurance policy should definitely have a clause that allows you to place a claim in case your car has been stolen. You should not have to be financially accountable for the theft of your car, and your insurance company more often than not will include this clause in your motor insurance policy.

2. Fire Related Damage
If your car gets damaged because of anything related to fire, your motor insurance company should be able to pay for the cost. This includes explosions, implosions, self ignitions or even lightning. Being one of the largest causes for car damage, it’s ...
... very important to have this in your motor insurance policy.

3. Terrorism & Riot Damage
A lot of people’s cars get badly damaged due to terrorist attacks or rioting. While these occasions might seem rare, it’s very important that your motor insurance policy includes this in its coverage. You never know when incidences like this might occur and you’d rather be safe than sorry. Your motor insurance should allow you that kind of precaution.

4. Natural Disasters
Rare occurrences like earthquakes, landslides, floods, etc., all need to be included in your motor insurance policy. These things come out of nowhere and can happen anywhere, it’s very important for this to be a part of your coverage for you to be truly secure.

5. Accidents
This is one of the most important parts of your motor insurance policy. If you’re involved in an accident, your policy should definitely pay for your medical treatment. All the damage to your car needs to be properly taken care. Motor insurance always has a clause known as ‘Third Party Liability’ which promises that any other person who’s injured in an accident you’ve caused will be treated by the insurance company.

You need to be careful and go through all these things before deciding on your motor insurance. Buy the policy right, go through the coverage thoroughly and you’ll never regret your decision.

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