We all remember how all family members travelled to the village cramped up in the bus or train! Everyone enjoys these leisurely trips to those family favourite destinations, now, mostly by private cars. It is only fair that you take care of the resources that are offering you these delights.
Buying a car demands purchasing car insurance for its protection. The Indian traffic laws make it mandatory to carry an insurance plan if you are driving a car on the country’s roads. Now, if it is mandatory and you are going to buy a policy anyway, why not invest in a good one? With specialised policies available in the market, you can buy a customised family car insurance policy so that you won’t miss out on the perks of having a family car.
It is a fundamental responsibility of the family to protect this car financially. Buying comprehensive car insurance from a reputed insurer like Tata AIG helps with this.
It is because you wouldn’t want to lose something so precious to, say, flood or fire, especially when you have a way to safeguard this family treasure. So here is how to protect the vehicle that gives you a chance to spend precious time together: a guide to family car insurance!
What is a Family Car?
There is no such section in the car showrooms that says, “Family Cars”. Then, what is a family car, and how do we define it? It is a title based on the utility of the vehicle. A standard-sized to the larger-sized car that a family uses to travel from one place to another on special occasions like vacations or weddings is a family car.
This car is spacious enough to fit close family members, has entertainment facilities like a radio setup and safety features, is cost-efficient, and has great mileage. In India, this car is usually used on occasions like festive celebrations, weddings, vacations, family outings, etc.
Family Car Insurance: Definition
Once again, a family car policy is not a specific type of four wheeler insurance. A family car insurance is a policy that financially protects the family car from any potential risks like accidents, theft, damage, total loss, and damage from natural or man-made disasters.
It is important to buy insurance for your family car because, one, it is mandatory, and two, it is your responsibility to protect and safeguard the asset that benefits the entire family. So, make sure that you buy a really good car insurance policy with great add-on covers to benefit from it.
A Step-by-Step Guide to Buying Online Family Car Insurance
Buying a car insurance policy for your family car is the same as buying a policy for your own car. Let us look at the process closely.
- Choose A Provider
The first to your purchase is to choose the best insurance provider. For this, go online. Since this is an online purchase procedure, you can utilise all the online tools that will help you get a policy.
You can use online tools like car insurance premium calculators. These calculators allow you to explore various options of insurance companies, types of policies, add-ons, covers, insured declared value, etc. It can be called a one-stop solution to finding a good insurance provider for your family car insurance policy purchase.
- Insurance Provider’s Website
The next thing is visiting the chosen insurance provider’s official website. Go to the insurance for cars section on the website. You will have to fill out a form on the website. This form will ask you for some basic details you must enter.
After filling out that form, you get sent to the next page. Before that, let us discuss what information you require to complete this form.
- Personal details: Name, Address, Contact number, E-mail address, Identity Proof, Driver’s Licence Number.
- Vehicle Details: Registration Number, Chassis Number, Make and Model of the car, Fuel Type, Engine Number.
- Previous Policy Details: How many claims and the amount of claims made before, renewal history, lapsed policy history.
- Choice of Policy
After entering the details, you will have to choose a type from many family car insurance plans. There is third-party car insurance, own-damage insurance, and a comprehensive policy. Since third-party liability cover is mandatory, you have to buy at least that. But, it is always advised to cover your own liabilities along with the third-party liabilities. So, opt for the comprehensive policy over third-party!
- Choice of Add-ons
This is one of the most important parts of buying car insurance. These add-on covers increase the cost of your insurance policy but have a lot to offer in return. But they provide the safety and benefit of the money’s worth. For a family car insurance policy, the following add-ons are advised a lot:
- Bumper-To-Bumper Cover
When a policy provides cover for all the rubber, metal, and fibre parts of the car’s body, it is a bumper to bumper car insurance policy. It provides coverage for the entire car and does not deduct any depreciation from the cost. It is a beneficial form of add-on cover that you can utilise.
- Roadside assistance cover
Since you are going to be travelling with your family, you don’t want yourself to be stranded on a highway in case of an emergency with no help at all. This cover offers professional help in such cases. It can be an engine breakdown or anything else.
- Passenger Cover
This cover provides financial cover for personal accidents that have harmed the passengers, i.e., your family members. After the accident, you will receive compensation for medical bills and medicines for the recovery of passengers who got hurt.
- Complete the Payment
Once you are done with choosing add-ons, you can submit the application. After that, pay the premium amount, and the policy will be yours.
After this discussion, we can conclude that buying a good family car insurance policy and making the best out of the add-on cover is the least we can do. Buy a policy for peace of mind and an online one to save time, energy, and money, too!