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- Why should you have motor insurance?
- Reliance Fixed Horizon Fund XXII Series 33
- Bajaj Allianz launches new plan - Extended Warranty Plan
| Why should you have motor insurance? Posted: 06 Dec 2012 04:06 AM PST Car owners are advised to purchase motor insurance before they even take their car onto the road. Yet, many consider motor insurance an unnecessary expense. They assume that because they have never filed a claim in the past, the need will not arise in the future. You never know when your luck might run out. Insurance was never about the best-case scenario. Just as life insurance pays out on someone's death, motor insurance becomes significant following an accident, theft, or general damage to your vehicle.
There are many reasons why you should always have motor insurance coverage. Here are some of them:
Serious Accidents:
You could be too tired, stressed or distracted, and before you know it, there is a crash. It may not even be your fault. One can never be too prepared for a road accident. Even if you escape with minor injuries, the car may undergo heavy damage. Without motor insurance, you may have to write off the car entirely. On the other hand, someone with coverage would be able to carry out extensive repair work or pay a large deposit on a new car.
Post-Accident Healthcare: Before shrugging off motor insurance, think of what would happen if you required medical attention following an accident. Motor insurance coverage could help you pay the hefty medical bills that pile up following even a brief stint at the hospital. Motor insurance becomes even more important if you do not have health insurance.
Protection from Financial Ruin: An unfortunate car accident could push the at-fault driver into bankruptcy, particularly if he/she is uninsured or underinsured. If your mistakes behind the wheel send a carload of passengers to the hospital, you would be liable to pay their medical expenses. Assuming there were no injuries, you would still need to pay for the damage to the other car. To top it all, if somebody slams you with a lawsuit, you would have to foot the legal bills as well. Comprehensive motor insurance ensures that you are financially prepared for such unforeseen eventualities.
Minor Collisions: Motor insurance is particularly useful when smaller collisions leave you with a cracked windshield or a damaged bumper. Anyone who owns a vehicle knows that car repair is expensive business. While it may not be viable to file claims for all the sundry minor repairs, insurance coverage could come in handy when replacing a windshield or fitting a new fender.
Theft and Vandalism: There is no getting away from the danger of auto theft. Cars with installed anti-theft devices are harder to steal, but not impossible. Car thieves may even make off accessories like CD consoles. Moreover, you never know when vandals might strike. If you have comprehensive motor insurance, the financial impact of theft and vandalism will not affect you much. Among other things, motor insurance promises peace of mind. You can rest assured that unforeseen incidents like accidents and theft will not empty out your bank balance. Car owners paying off an auto loan are required to invest in motor insurance. If you are not burdened by a car loan, you are in a better position to buy insurance. Note that breaks in car insurance coverage could hurt your chances of getting cheaper rates in the future. Purchase motor insurance that promises adequate coverage. You will be doing yourself a favor
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| Reliance Fixed Horizon Fund XXII Series 33 Posted: 06 Dec 2012 02:23 AM PST The latest product offering from Reliance fund house is Reliance Fixed Horizon Fund XXII Series 33, a close ended income scheme with a tenure of 550 days Scheme Features:
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Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
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| Bajaj Allianz launches new plan - Extended Warranty Plan Posted: 06 Dec 2012 01:48 AM PST Bajaj Allianz General Insurance has launched an extended warranty plan for consumer durables, where warranty period can be extended for 12 months after expiry of manufacturer's warranty.
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now  |
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