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Day: July 5, 2024

Benefits of getting car insurance

Benefits of getting car insurance

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Whenever a person desires to purchase a car, he/she spends hours researching the latest model, choosing the color and design of the car, comparing prices, etc. But he/she might forget one of the most important things i.e. buying a car insurance policy. Many people have no or little knowledge of car insurance. They used to buy cover just to fulfill legal requirements. But when they research properly, they will get to know about the various benefits of insurance policies. If you do not meet with any kind of accident, you lose the premium amount paid by you. But insurance companies provide no claim bonus every year if the customer didn’t claim any insurance in the corresponding year. As per the Motor Vehicles Act, it is compulsory to buy an insurance policy whether you purchase a new car o...