" With the increasing income of people in Sri Lanka, buying a four-wheeler is now within reach of a lot of people. An important outcome of the increasing sales of motor vehicles is the steady rise in traffic which ultimately leads to more accidents. The financial losses during such accidents can be vast. It is with the help of an insurance policy that car owners can protect themselves from such losses. And with the easy availability of car insurance solutions with us, buying an insurance policy is now like a walk in the park. "
Motor Insurance covers
It pays for damages.
It pays for your liability.
It pays for your hospitalisation.
It costs less when purchased online.
It compensates your family after your demise
If you own a car, you surely need a car insurance with it not just because it is mandatory but because it offers a host of benefits which every owner should surely take advantage of...
8 Vital Benefits
The most important reason for buying a car insurance is because it is mandatory as per the Motor Vehicles Act of 1981. If found without valid insurance, you’ll have to pay the penalty, and it can also lead to cancellation of your driving license.
Accidents can cause damages to other vehicle and even property of a 3rd party. With a good insurance, you can be rest assured that the policy will pay for the expenses and you’ll not be required to pay from your pocket.
Apart from vehicle and property damage, accidents can also cause personal injury which can be very severe at times. Some policies also cover personal injury so that you don’t have to pay for the treatment of a person who has suffered injuries due to an accident involving you and your vehicle.
You can also find a host of riders which you can buy along with a vehicle insurance policy. Some popular riders include zero depreciation, engine cover, roadside assistance, and personal accident. These riders do an excellent job of expanding the scope and benefits of the policy.
If your car is stolen or is totaled, the insurance would pay the expense of buying a replacement car. Every policy has an Insured Declared Value which is the amount that the insurer will pay in case of total loss or theft.
A number of comprehensive policies for the motor vehicle also offer coverage in case if your car is damaged due to weather or fire. If you do live in areas with uncertain weather, such policies are a must for the safety of your vehicle.
A car insurance not only covers the damages caused to the car, property, or the person involved, but it also covers the legal fees if a case is filed in court. Be it you who has filed the case or someone has filed it against you; it helps you cover all the legal expenses like hiring a lawyer, filing a case, etc.
