Buying a car is one of the biggest achievements in your life. New car owners would often feel the protection of their vehicle and should take necessary steps to protect their vehicle in case of unforeseen events. Choosing the right insurance coverage is an essential first step in securing your motor vehicle and yourself. There are many benefits to motor insurance, however here are 4 important reasons to insure your vehicle with a Continental Insurance motor insurance plan.
What Is Motor Vehicle Insurance?
Motor vehicle insurance covers the owner against possible financial losses arising as a result of unforeseen circumstances, such as an accident, natural disaster, theft, etc. Any damage to the insured vehicle, the policyholder or a third party is covered by the insurance company. insurer. Read more in our guide to motor insurance here.
How Can Motor Insurance Help You?
Protect Yourself and Others
An unpredictable event, such as a car accident, can happen anywhere, anytime, to anyone – regardless of who is in the vehicle. One of the most important reasons to get motor insurance is to protect yourself and others. For example, if you get into an accident and don’t have reliable insurance to cover your costs, you’ll have a big cost to cover any injuries you or someone else causes. Our motor insurance covers medical expenses incurred as a result of any injury caused by an accident. Your medical bills from surgery to hospital visits will be covered by the insurance company; inevitably saves your time and money.
Protect Your Vehicle
Motor vehicle insurance is mainly used to protect your car, bicycle or other personal vehicle. With comprehensive motor insurance, you can rest assured that any damage caused to your vehicle in an accident will be covered by your insurance provider. i.e. whether you need to send it for repair after an accident, or your car has been stolen or suffered any damage due to natural calamities like fire, riots, explosions, strikes, etc., we will ensure that you bear the cost of repairing and restoring your vehicle .
Covers Damage Caused by a Third Party
Still wondering why it’s important to have motor vehicle insurance? This policy ensures that if you are involved in an accident involving a third party, be it a pedestrian, another vehicle or someone’s property, your cost of repair, hospital bills, etc. will be covered by the provider. Without comprehensive insurance, you will have to pay for damages to any third party; from hospital, property or vehicle repair bills. Our motor insurance protects your finances and reduces your liability.
Covers Legal Costs
More often than not, accident victims will try to sue you for damages or injuries. In the event that you do face a lawsuit, our motor insurance will protect your wallet from these expenses. Legal fees can really burn through your wallet and savings, so we make sure that any significant expenses incurred in your car accident lawsuit are taken care of.
In most countries like Sri Lanka, motor insurance is a legal requirement. Whether you opt for basic or comprehensive coverage, it is illegal to operate a personal or commercial vehicle without motor insurance. For more information about our policy, visit Continental Insurance or contact us today
