It is imperative to buy an insurance policy with features that help you meet your needs in the best possible way. The following points are of significance when choosing an insurance policy.
1. Know About the Policy Coverage
2. Consider the Insured Declared Value (IDV)
3. Select the Best Premium Rate
4. Know About the Add-On Covers
5. Look for the Discounts Allowed
6. Understand the Claim Settlement Process
The third-party insurance cover is obligatory, and you cannot take a car out of the showroom without having one. This policy gives you coverage against the financial liabilities of a third party. However, it is also advisable to think about the cost which can incur due to own damages in an unfortunate event of a mishap. Hence, apart from the mandatory third-party insurance, it is advisable to purchase a standalone own-damage coverage or a comprehensive insurance plan that will cover both third-party and own damages under a single premium in a hassle-free manner.
Insuring Car can save you from monetary loss. You can bypass a financial burden due to damage repair or total loss of the car. It covers damages such as:

Accidents caused by the owners themselves by colliding against an object or another vehicleAccidents due to no fault of the owners themselves but due to third partiesDue to theft, robbery, fire, and other unforeseen risksCar insurance covers not only the damage to the vehicle but the driver as wellCar insurance provides compensation to the family in case of the death of the driver

Exclusions
One should be aware of things or situations that are not covered by car insurance.

War, and nuclear attacksIf the driver meets with an accident or collision under the influence of drugs or alcoholic drinks.In the case of underage drivers or those without a valid driving licenseWear and tear.

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