Disadvantages of Car Insurance Policy: ; Legal Requirement, Hassle-free Claim Settlement ; Coverage for Medical Claims, Poor Customer Support ; Protects driver and ...Repairs and Replacement of Spare parts, damages, and loss of your car: Time Taking Process
Financial Liability: Coverage Failures
Coverage for Medical Claims: Poor Customer Support
Financial Liability: Coverage Failures
Coverage for Medical Claims: Poor Customer Support
What are advantages and disadvantages of car?
By getting insured, you have the ability to prepare for anything that may happen in the future—be it illness, hospitalization, retirement, or even death. You can think of it as fool-proof protection for you and your loved ones—much like how a body armor protects a soldier during the most threatening situations.
What are the advantages of having insurance?
Comprehensive Car Insurance Policy This type of insurance policy provides complete protection. It covers both third-party liabilities as well as damages to your vehicle. Also, with a comprehensive cover, you can get compensation if the accident results in your death; the family members will receive the benefit.