Published On: Sun, Apr 30th, 2017

Auto Insurance; Why We Need Smart Car Insurance

Insurance is defined as the promise of compensation in the time of need or in the case of personal accidents, property loss, diseases or for educational purposes. Insurance may be of two types life insurance and general insurance.

Auto-Insurance-Why-We-Need-Smart-Car-Insurance

Life insurance is related to personal issues and general insurance is related to automobile or property.

A smart car insurance policy is a compulsory policy which is issued to the car owner as a part of public responsibility to safeguard general public from any sort of road accident, it is compulsory for every car owner. It is a type of general insurance.

There are three main types of smart car insurance policy third party, third party fire and theft and comprehensive policy.

Advertisement

Third party is the minimum coverage required, it compensates against the damage that has occurred due to Injury or accident caused by someone else, third party fire and theft compensates for the damage occurred to the vehicle due to fire or theft, and comprehensive policy is the highest level of coverage.

It protects against the injury to other people along with their cars or damage to the owners vehicle, it also helps I accidents and also helps the person in replacing parts of the vehicle.

Smart car insurance is one of the most important insurances amongst all of them, so that in the cases of some mishap like car accident, there is always help present.

In the beginning, when smart cars were introduced there was no such smart car insurance companies so the drivers had no compensation available in the case of accidents, based upon these circumstances, the first smart car insurance company was introduced in 1930. It was held mandatory for every car owner to insure their vehicles.

The smart car insurance may be in terms of loss or damage occurred in the car due to many factors like accidental means, floods, theft, terrorism, riots or lightning.

Advertisement

Recent Comments

Special Recent Posts

Nokia 8: UK Price, Specifications, New Features, Latest Rumors And Release Date

Nokia 8: UK Price, Specifications, New Features, Latest Rumors And Release Date

There are many rumors about the features of the new upcoming Nokia Smartphone but now it is confirme[...]
HTC U11 Life: Rumors, News Features And HTC Ocean Life Will Launch Later This Year

HTC U11 Life: Rumors, News Features And HTC Ocean Life Will Launch Later This Year

After the successful launch of U11 Smartphone, it has got all lot of praise regarding exceptional fe[...]
Firangi Movie: Kapil Sharma’s Second Movie Will Release On November 10

Firangi Movie: Kapil Sharma’s Second Movie Will Release On November 10

After the success of the first movie ‘Kis Kis Ko Pyaar Karoon’, the second movie of Kapil Sharma is [...]
Car Struck In Ranging US River, Police Says Bodies Of Two Thai Students Missed

Car Struck In Ranging US River, Police Says Bodies Of Two Thai Students Missed

A car plugged off a cliff into a raging river 500 feet, rescue teams have arrived at the incident po[...]
Hackers Who Stole Game Of Thrones Scripts Will Get $250,000 In Bitcoin From HBO Network

Hackers Who Stole Game Of Thrones Scripts Will Get $250,000 In Bitcoin From HBO Network

HBO network is arranging $25000 in Bitcoin to pay the hackers who stole the scripts of the shows, th[...]
Top 10 Highest Paid Female Singers In The World 2017

Top 10 Highest Paid Female Singers In The World 2017

Singing is move of producing or making musical sound with the voice by using lot of techniques such [...]
Sidharth Malhotra Appears A Rapper For Song Bandook Meri Laila In Gentleman

Sidharth Malhotra Appears A Rapper For Song Bandook Meri Laila In Gentleman

Sidharth Malhotra turns as rapper for song ‘Bandook meri Laila’ in movie ‘A Gentleman’, like other s[...]
US President Escalated North Korean Threats As Nuclear War Tensions Rise

US President Escalated North Korean Threats As Nuclear War Tensions Rise

American President said on Thursday that his statement of Fire and fury is not enough for the North [...]
Yota 3 Smartphone With Secondary E-Ink Display At Back As Press Images Leaked

Yota 3 Smartphone With Secondary E-Ink Display At Back As Press Images Leaked

One of the most awaited Smartphone has now unveiled, the Russian company is known for his uniqueness[...]
Angelina Jolie And Brad Pitt Put Back Of Their Divorce After His Quits Drinking

Angelina Jolie And Brad Pitt Put Back Of Their Divorce After His Quits Drinking

As actress Angelina Jolie filed a case for divorce with Brad Pitt in September 2016 because he was a[...]
Bhoomi Trailer Is Out: Sanjay Dutt After A Long Time Returns In A Father Revenge Drama

Bhoomi Trailer Is Out: Sanjay Dutt After A Long Time Returns In A Father Revenge Drama

Final the trailer of the movie Bhoomi has now out after a long time, as the trailer tells about the [...]
Top 10 Most Beautiful Chinese Women In The World 2017

Top 10 Most Beautiful Chinese Women In The World 2017

Chinese’s industry is also very famous all over the world like other entertainment industries actors[...]
Josh Brolin First Look As Cable In The Movie Dead Pool 2 Shared By Ryan Reynolds

Josh Brolin First Look As Cable In The Movie Dead Pool 2 Shared By Ryan Reynolds

The first image of the Josh Brolin as Cable has leaked from the set of Dead pool 2, he will play the[...]
Mattis Warns To North Korea About The Actions That Could Lead To Nuclear War

Mattis Warns To North Korea About The Actions That Could Lead To Nuclear War

Just after one day of Donald Trump’s statement that there will be situation of fire and fury if Nort[...]
Top 10 Most Expensive Foods In The World 2017

Top 10 Most Expensive Foods In The World 2017

Food is one of the basic needs of human beings it’s supposed to provide nutritional support for an o[...]