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Car Insurance is a vehicle policy to protect yourself from financial losses arising from unforeseen risks such as accidents, thefts or Third Party Liabilities. It is also known as auto or motor insurance. You can renew or Buy Car Insurance for both new as well as pre-owned cars. The validity of a Car Insurance Policy is one year which means that you have to renew it annually before expiry.Buy or Renew your Car Insurance from Bharti AXA GI.
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What is Car Insurance? • Protection against financial loss is you have an accident involving a vehicle. • To be at fault for an accident. • If you don’t have your Car insurance to cover accident you cause – people can sue you for personal belongings and assets.
Types of coverage - • Bodily injury liability • Property damage liability • Uninsured motorist coverage • Medical Payments • Collision
Bodily Injury liability • Covers medical injuries that you cause to someone else does not cover your medical injuries.
Property Damage Liability • Covers damages that you cause to someone’s personal property. • Includes other vehicle, lamp post, telephone, building, fences etc. • Does not cover your vehicle damage.
Uninsured/Underinsured • Uninsured - Covers your medical injuries when you if hit by an uninsured or hit-and-run driver (not your fault). • Underinsured - Covers your medical injuries when at-fault driver does not have enough insurance to pay for losses; also covers you when you are hit as a pedestrian only covers medical injuries not damages to vehicle
Medical Payments • Covers treatment of medical injury to you, the driver and passenger in the car. (Who is at the fault) • Medical Payments • Lost Wages • Funeral Cost • If you met an accident with someone and it’s their fault – their bodily injury liability should cover your medical injury before PIP comes in. • Covers as pedestrian if struck by a car on a public road.
Collision • Covers damages to your car resulting from – • A collision with another car or object. • Flipping over • Potholes • Usually contains a deductible which is accident. • If its your fault insurance will pay minus your deductible. • If its someone else’s fault their property damage liability should cover your vehicle’s damage.
