Four Wheeler Insurance in India:

Four wheeler insurance covers vehicles like cars, trucks, Lorries and any other vehicle which can be called a four wheeler.

According to the Indian Motor Tariff these policies cover Loss or damage to the vehicle caused due to natural or man mad calamities such as Fire, Explosion, earthquake, flood, typhoon, storm, cyclone, hailstorm, landslide, rockslide, burglary, riot, strike. Theft, damage in transit by road, rail, air, ship and so on.

It also covers Personal Accident cover for individual owner of the insured vehicle while traveling. There is also an option of claiming accident expenses for the passengers traveling in the vehicle. Third Party liability protects against legal liabilities caused due to accidental damages which includes any permanent injury or damage caused to the property.

These policies pay for the actual amount spent on vehicle repairs plus garage parking to a certain limit. In case there is a situation of total loss due to an unexpected event amount is incurred in accordance with the market value at the time of the loss or the sum insured depending on whichever is less.

Four Wheeler Insurance Policies do not cover expenses such as depreciation, wear and tear, mechanical expenses, failure or breakage, when the vehicle is driven outside the insured area, driven by anybody besides the owner of the vehicle, drunken driving and nuclear and war perils.

Four Wheeler Insurance policies have specific amount allotted depending on the state they belong to as different states have varied rates for premium payments. When purchasing policies for heavy vehicles make sure that the plans are obtained from a Government entity.

It adds many benefits in the near future which private companies do not provide. If you have a car or a four wheeler for personal use it is advisable to get it insured form a private company. You can also ask for add on benefits which will provide insurance for electrical parts like lights, music system or any of the wires.

Thus to ensure that you buy the right policy get your research in place where you can possibly refer to two companies and after comparing their rates choose one which suits your requirements.