VEHICLE INSURANCE

Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.

With more and more people are thinking highly of car insurance, the ways of buying car insurance also increase constantly. Getting car insurance is a new type of way to cover your car. Compared with traditional way to insure car, buying car insurance online will be more convenient, which is easier than buying a perfect pair of shoes. You even can get car insurance quote online within 3 minutes. The most important is getting car insurance quote online with no hassle or obligation. If you still not make your final decision during the process of getting a quote online, you can save your quote at any point and return to it when you decided.

When it comes to buy car insurance online, many car owners will ask what is the process of applying a car insurance quote? How can we safeguard our legitimate rights and interests? Here will offer you some answers for your reference. First of all, you need to assure that you have logged in a right insurance company’s official website in case of signing in a illegal websites. That will help you avoid wasting your money, losting your own information and your car information.

Getting car insurance quote online make you have many options for yourself to choose. And you can change the insurance plan and the coverages. Generally speaking, you just choose insurance plan that you need indeed and avoid repetitive insurance plan. There is one thing which may be easy to forget. That is checking your car insurance quote online.  When you receive your quote, you are able to see all important details. When you look at these details, you should avoid choosing any low quality insurance companies. Besides, when you fill in insurance policy, you should be mindful of the information of insurer. Next thing is paying money. You’d better choose payment terms with online payment. Finally, you just sit at home and wait for representatives give you insurance policy in person.

Different types of Motor insurance:

There are only two types of Motor insurance policy in Bangladesh.

1. First party insurance policy (Comprehensive Motor Insurance )

2. Third party motor insurance policy.

First party or Comprehensive motor insurance policy

First party or Comprehensive insurance is an non-compulsory motor insurance treatment that protects your car in contradiction of loss not resulting from an accident, as well as from theft. It covers a wide range of actions that can harm your car, including wreckage, fire. The premium rate of this insurance policy is fairly high.

Third party motor insurance policy

Third party Car insurance in Bangladesh is a common phenomenon for the car owners. In comprehensive insurance policy, 3rd party is not engaged in the agreement concerning the car owner and the insurance company.  Insurance coverage confirms that the insurer will compensate losses incurred by the driver towards losses the driver may bear due to a claim by a third party. Basically If there is an occurrence relating to you, a different person if they were driving your car, third party car insurance will give you cover for any claim that may be made towards your insurance.

Before getting your car insurance quote online, there are some suggestions for you. You should shop around for different insurance companies on official website. Comparing their types of insurance and after-sales service, they offer to you or their company’s scope. Or you can ask your friends and relatives for some information about insurance company which they trusted and have a reputation.

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