In India, a car is considered as one of the most valuable assets that one can own in life. It does not matter whether the car is a brand new car or a second-hand car, the feeling of owning a car is incomparable. However, it is important to secure your car and the best way to do it is by purchasing a car insurance for used car. The insurance market is full of companies that provide car insurance for a used car as well as for a new car.
When buying a used car it is very important to check if the former owner has valid car insurance policy. If the former owner has a valid car insurance, you can transfer the insurance policy on to your name. This process is very easy and trouble-free since you need not to research and buy a new car insurance policy.
In India, it is mandatory to car insurance. Therefore, as soon as you buy a new car you must have the car insured. Note that the Supreme Court, on July 20, 2018, ordered that third-party insurance cover for new cars have to be compulsorily taken for a period of a minimum of three years. This has been enforced from September 1, 2018.
There are two ways to buy insurance for a used car. They are as follows:
For any further assistance or queries regarding car insurance, feel free to reach out to us at email@example.com or 86559–86559. We have a team of experts to dispense unbiased advice to help you select the most suitable plan for your prized possession.
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