Overview
Car insurance provides you coverage of your loss, but it depends on the insurance coverage type. Multiple companies offer car insurance with a different conditions. The purpose of all is to provide you the finance on the damage of your car or accident caused by you. Auto insurance is very common in Pakistan because it’s a safe way to cover the cost of damage. Insurance provides you security and support in terms of finance. We can claim financial support in case of damage to the property. The insurance company is bound to provide you finance because you have to pay the fees of your insurance. However, when you buy car insurance in Pakistan you will need to compare the cost and policies of different companies to buy the best one for you. Chose the most recommended insurance that can accept your claim at the time you need finance.
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What is Car Insurance
Car insurance means secured your car and free from the cost of damage or stolen. It depends on the type of insurance you have to buy for your car security. However, car insurance is means is to provide you finance or pay the bill of your property maintenance. Keep remembering that regular maintenance is not included in the insurance. Accidents are unfortunate and unplanned, so insurance companies provide you with finance to cover your loss. In Pakistan, road accidents are very common and it’s a big worry to pay the full cost of damage caused by you or your property damage. Insurance means you are risk-free and have given your vehicle safe financial support.
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Why Buy Car Insurance
Choosing the right car insurance from multiple options is quite difficult. You can choose by comparing the insurance cost, damage coverage policy, and financial support the insurance company offers you against your insurance fees. Car insurance protects you and your family if you buy full package insurance. In family coverage insurance, insurance companies provide safety to your family person whether driving your car or another person’s car by taking permission. The company is bound the pay the damage cost under your insurance policy. Most of the state makes it compulsory to buy car insurance. However, it’s not compulsory in Pakistan but for your safety, it’s highly recommended to buy your car insurance. Auto liability gives you peace of mind of protection.
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Car Insurance Types In Pakistan
In Pakistan, three types of car insurance are offered by the companies. Some of the coverage are mandatory and some are offered optionally. You can buy the policy according to your budget cost. Below are the three policies of auto insurance that are offered in Pakistan:
- Comprehensive Car Insurance
- Third-Party Liability Car Insurance
- Collision Car Insurance
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Comprehensive Car Insurance
Comprehensive car insurance is very common. Under this policy, you can claim if an accident is deemed to consider your fault. You can also claim if a fault has not been proven like someone hit our car and run away. It’s a very beneficial insurance policy and covers you completely in case of your fault or other party’s fault. It’s the most suitable insurance policy for all drivers and gives you complete peace of mind. It also protects you in the situation that is not in your control like, natural disaster, fire, weather, etc.
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Third-Party Liability Car Insurance
In this type of insurance, your insurance policy only covers the damage cost of a third party that is caused by you. If you are faulted of third party property or bodily injury insurance company provide the liability to the third party only and pay all the cost of damage. Any damage to your property is not including in this policy and the company never provides you liability for your damage.
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Collision Car insurance
Collision car insurance provides you liability when the other party caused your damage. If the accident is caused by the other vehicle company will provide you with finance for your vehicle maintenance. Keep in mind that this type of policy only covers your damage cost the injuries of the other party will not the responsibility of the insurance company.
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Car Insurance Benefits
Once you buy car insurance you can drive free of risk. Ou is in safe hands who can provide you liability on your damage. In all three types comprehensive is most suggested by us because its covers the below mentioned points:
- You can claim liability if the accident is caused by you.
- If someone has stolen your car you can claim
- Even if you fail to prove the fault, the company will pay you the damage cost
- It’s a complete coverage package for your car.
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Conclusion
Insurance is becoming common in Pakistan because of its huge benefits and ease for drivers. It depends on the policy you have bought, but the insurance company is bound to pay you against your policy. Must be read and compare the policy with different companies to choose the best one for yourself. The right policy will protect you, your family member, and other drivers who drive the car with your consent.
