Motor Insurance

Mar 30
04:41

2020

Aslaisha

Aslaisha

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Motor Insurance means compensation in case of accident, emergency and vehicle damage.

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Benefits of Motor Insurance

There are a lot of benefits which defined the ultimate advantages of it.

  • Feel protected
  • Gives coverages to the drivers.
  • Covers in case of death.
  • Provides good quality of renovation to the damaged cars.

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,Motor Insurance Articles 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

  • This will provides compensation to the third party in case of any accident and loss.
  • Third party liability insurance will save the client from many legal requirements.
  • The third party liability insurance assures 100% compensations of all the losses, accidents and damages.

Reasons or Facts behind Car Insurance

  • Car insurance is for the safety and protection of the car.
  • Car insurance not only protect the vehicle but also give coverages to the driver or car owner.
  • Motor insurance gives protection to the other people called third party liability insurance.

Basic Types of Car Insurance

There are two types of basic car insurance which is offered by every company.

  • Comprehensive insurance
  • Third party liability insurance

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

  • Covers the damage occurs because of the accident external means.
  • Damage and loss because of fire explosion.
  • Dissipation because of natural disaster.
  • Theft or burglary of car and damage because of any malicious act.

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.