There are many insurance policies which are available through every company. These of the car insurance policies are categorized under different categories. These categories are differentiated on the basis of the cars. As there different insurance plans for the cars in lower segment, middle segment and higher segment.
In the policies recommended for the lower segment of cars are the one which is recommended by the govt. also. These policies provide the shield on all the liabilities. In other words the owner of the insured car doesn’t get any direct benefits. In this policy the other car in the accident gets the real benefit as they get the claim for the car’s damage as well as the medical allowance for the driver as well as for the passengers injured in the accident.
There is a single condition that the other car’s owner will get the claim only if the insured car is in the fault. If the insured car is not guilty then the other car’s owner can not claim for the car’s damage as well as for the medical allowance. This type of insurance is only recommended for the lower segment cars because these policies are cheaper in cost as well as the owner do not get the damage repairing claim. So the car owner does not have to bear much burden.
The policies recommended to the mid segment car’s owners is slightly different. In these policies the owner of the car can avail all the facilities which were available to the other car’s owner in the liability coverage. These insurance policies actually provide the double cover that is if the car meets with an accident and is in the fault then the insurance claim is provided to the other car and if the car is not guilty then the insured car will get the insurance benefits.
The reason why this type of policy is only recommended to the owners is because through this the owners of the insured cars get the damage repairing and they don’t have to bear huge lose. Also these policies are neither to cheap nor too costly so can these be afforded by these types of consumers.
The other and the last types of insurance policies are meant for those who own the expensive cars. These car owners usually get the every possible facility whether this is an insurance claim to the third party or to the owner itself.
