As per the Motor Vehicle Act, 1988, it is compulsory for all car owners in India to purchase a third-party car insurance policy. Riding the car without a valid license can attract a hefty fine. Apart from being a legal requirement, having an insurance cover for your car is vital from the financial protection point of view in the event of any mishap like an accident, car theft, or damage to the car due to natural calamities.
Many times, people complain of car insurance claim rejection or getting insufficient compensation. This usually happens because most people do not have sufficient knowledge about the steps involved or they commit mistakes while filing the claim.