Motor Insurance means compensation in case of accident, emergency and vehicle damage.
Benefits of Motor Insurance
There are a lot of benefits which defined the ultimate advantages of it.
Primary Insurance
Car insurance is now act as a primary insurance. Car insurance is widely used insurance in the world about more than 50% people purchase car insurance. Most of the people buy or acquire this because it became necessary for the car owner to have proper car insurance which helps the clients in case of emergency.
Pakistani Law
According to the Pakistani law, in 1939 it is announced that every insured person have legal liability for the third party in case of any accident and injury. Motor insurance is now become legal requirement in every country. In educated countries it is necessary to acquire a vehicle insurance after buying a car.
Advantages of Third Party Liability Insurance
Reasons or Facts behind Car Insurance
Basic Types of Car Insurance
There are two types of basic car insurance which is offered by every company.
Comprehensive Insurance
This type of insurance gives coverages for a car and driver. The comprehensive insurance indemnify all the damage occurs to the car and driver injuries.
Third Party Liability
Third party liability insurance is the main part of car or motor insurance. Third party compensation becomes the part of law in this insured is liable of paying to third party in case of any accident and loss.
Insurance Companies
There are a lot of insurance companies which offer different packages for car insurance.
SPI Insurance Company Limited
SPI Insurance Company Limited is one of the most exalted and dignified insurance company of Pakistan. SPI is a general insurance company offers vast range of packages which utterly provide coverages for every field of life.
Coverages Offered by SPI Insurance Company Limited
These are just few enlisted but it have many offers. SPI assures that it must provide best.
Exceptional Services
A trait which makes SPI Insurance Company Limited is its customer satisfying approach. SPI bend it’s polices according to the client’s demands. The main aim and mission of SPI Insurance Company Limited is to satisfying the client and make permanent relation with the clients.
Need to Know
Insurance is the most important thing after purchasing a car because protection and safety is the first concern and priority of everyone. Now these days, acquire a motor insurance is everybody’s main responsibility. The person must moves toward the good insurance company which completely comply with buyer demands.
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