Why to buy a long-term policy for car insurance?

Have you ever wondered why you need a long-term policy for car insurance? If you often do wonder this, then you probably know about car insurance and why you need it?

Life is not predictable, nor is the expense of car damage. You’d probably require a good (if not a truckload) to repair the car parts. In India, it is mandatory to have insurance for your two-wheeler or four-wheeler, but only 57-60% of our population have insured their vehicle. 

So before jumping to the conclusion of buying your car long-term insurance, you probably need to know why to buy a long-term policy for car insurance and the benefits of a long-term policy for car insurance.

Why to buy a long-term policy for car insurance?

There’s a great need to know the answer to the “why” part of the question before we move to the part where we discuss the benefits enlisted for you - 

1. You need not face any hassle of insurance renewal and live the first 3 years with much more convenience.
2. Price hikes won’t bother you!
3. No vehicle inspection during renewal if you take this insurance
4. You’d receive special discounts when you avail of a long term insurance
5. Purchasing a new car or selling the existing car would be easy, because, good news! You’d be able to transfer your no-claim bonus (NCB) to the new insurance.

Benefits of a long-term policy for car insurance

It is good to have car insurance with benefits in abundance, but you certainly need to have more when you get a long-term policy for your car insurance. 

A long-term policy for car insurance gets you -  

1. Easy and comprehensive policy to protect your vehicle
2. In case of any accident which results in any loss to the 3rd party, the insurance would cover the costs
3. Addition of add-ons to your insurance like - 

1. You’ll be paid the amount of depreciation (full amount of spare parts) deducted from the value of parts
2. You’ll be paid an amount if your car is damaged beyond repair or stolen
3. The insurance replaces your key if stolen or lost

You would be wondering as to what this article summarizes. The only purpose of this write-up is to make you believe that a long-term policy for car insurance would be better (you know the benefits). 

To get our consultant to explain this to you, call us up at  +91 93194-94079 or drop an email at info@agfi.co.in.