The Legality Surrounding Car Insurance And Its Renewal

Getting your car insured with a third-party liability cover is a legal requirement in India. The Motor Vehicle Act of 1988 requires all vehicles to be covered by an appropriate insurance coverage before they can be driven on the road. The Motor Vehicles Act of 1988 covers legal provisions such as vehicle registration, a valid driver’s licence that must be carried with the driver at all times, and mandatory insurance coverage.

A car must have third-party liability insurance before it may be driven on a public road, which is the bare minimum in terms of insurance. A third-party liability policy will cover the expense of any legal obligations that may emerge if your vehicle is involved in an accident in which a third party is harmed or property of a third party is damaged. Make sure you get your car insurance online before you take it out on the unpredictable Indian roads. 

Violations of the Motor Vehicles Act have serious consequences or penalties. Most of us have probably encountered these repercussions at some point in our adult lives. However, we may be unaware of the entire spectrum of penalties that can result from a violation of the Act’s requirements. To avoid these, one can simply go to Bajaj Allianz car insurance and choose from a wide range of policies that can’t protect themselves and their car. These are some examples:

  1. Violation of any provision of the Motor Vehicle Act may result in a Rs. 1000 fine and/or imprisonment for up to 3 months.
  2. Anyone caught breaking the restrictions may have their driver’s licence suspended.
  3. The defaulter’s car registration may also be suspended as a result of a violation of the law.
See also  How Stock Brokers Facilitate IPO Investments in the Indian Market

Insurance Certificate:

The Certificate of Insurance is an official document given by the insurance provider in accordance with Rule 141 under the Central Motor Vehicle Rules, 1989. Regardless of the sort of automobile insurance coverage you are renewing or purchasing, your firm must supply you with this certificate. The Certificate of Insurance is a separate document that is supplied together with your policy.

The Certificate of Insurance delivered is in Form 51 format and covers all facts about your car insurance coverage. One can do a car insurance check online. The Certificate of Insurance contains the following information.

  1. Number of the Certificate
  2. The policy number of the automobile insurance coverage
  3. The registration number of the insured vehicle
  4. The vehicle’s model and manufacturer
  5. Vehicle’s chassis number
  6. Carrying capacity, or the number of passengers that your vehicle is designed to carry
  7. Name and address of the vehicle insurance policyholder
  8. The date and time when the insurance coverage went into effect
  9. The policy’s expiration date
  10. Rules governing who is permitted to drive a vehicle without incurring legal consequences
  11. Policy restrictions apply to the use of the insured vehicle

The Certificate of Insurance must always be carried by the vehicle’s driver. This document, along with the driver’s licence and vehicle registration certificate, must be produced during a traffic police check. You can get your car insurance online so that you don’t fall in to any trouble.

A comprehensive four-wheeler insurance plan will give you other benefits too. Although there isn’t a legal requirement for this, it is good to have one. This is because it can prevent a lot of financial losses in the event of any mishap. Minor accidents, scratches, servicing, and other factors are covered under this. Hence, one must think beyond the legal requirements of car insurance in India. While the legal requirements are unavoidable, the optional policies are a matter of safeguarding you and your vehicle in the long term.

See also  Physio Como: Why Shoulder Physiotherapy Is Essential?

Subscribe to Bajaj Allianz General Insurance Company YouTube Channel.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.