3 Reasons Why A Third Party Car Insurance Is Not Enough?

Car insurance which is now a mandate in India is typical of three types, out of which, third-party car insurance is very important. According to the Motor Vehicles Act of 1988, third-party car insurance is also a must-have. It is illegal to drive a car without having third-party car insurance which provides coverage against liability arising out of damages caused to a third party. The benefits of having third-party car insurance are many, however, it is not always enough. Want to know why? Read on to know and also understand the reasons behind it. 

Is Third-party Car Insurance Enough?

One of the important types of auto insurance policies that provides you with monetary compensation if a third party gets injured or their property gets damaged is third-party car insurance. Third-party causes of death, disability, or damage are covered. To put it simply, third-party auto insurance can be helpful if your car is involved in an accident and sustains damage of any kind. It should come as no surprise that third-party auto insurance has become essential due to this significant benefit.

But, will this coverage be always enough? Let’s address this question now.

Reasons Why A Third-Party Car Insurance Is Not Enough

Third-party car insurance is not always enough as it does not offer all kinds of required coverage. So, listed below are some reasons why third-party car insurance is not enough:

1. Damages To The Car Remains Uninsured

Imagine a situation where your car is involved in an accident and causes damage to a third party. In such a case, if you only have third-party car insurance, then financial compensation will only be provided to the respective third party. Third-party car insurance will not cover any damage caused to your car and thus you will have to spend your hard-earned money on getting your car repaired. This illustration justifies how third-party car insurance does not provide the adequate coverage you need at that time. Third-party car insurance is helpful if the damage is caused only by a third party, in other cases comprehensive car insurance or standalone car insurance becomes a must-have. 

2. The Add-ons Option Is Unavailable

Any insurance policy that has an add-on is often quite helpful in expanding its advantages; this is also true for auto insurance. However, you are not able to add add-ons to your plan if you only have third-party auto insurance. Roadside assistance add-on coverage, zero depreciation add-on coverage, and other add-ons are only available with comprehensive auto insurance.

3. No Coverage Against Theft Of A Car Is Available

It is possible that someone could steal your vehicle. You should therefore protect your car beforehand to ensure that you are safe from such a scenario. Am I correct? Third-party auto insurance won't be sufficient to assist you with this, either, because it doesn't offer cover for auto theft. Therefore, it is preferable to get both standalone and third-party auto insurance plans.

What Next?

To guarantee total security, you need to purchase a comprehensive auto insurance policy. Along with providing personal injury coverage, a comprehensive auto insurance plan shields you if your vehicle is damaged by theft, natural disasters, accidents, or other events. Purchasing a comprehensive auto insurance plan is preferable because you can obtain nearly all the necessary protection under one coverage.

Take Away

We hope this blog helps you understand why third-party car insurance can not always be enough for you to get the protection you have been looking for. So, make an informed decision while buying a car insurance plan, or simply contact us to know all the different car insurance plans available