India being predominantly an agricultural economy, monsoons are special for Indians. While monsoons bring joy and hope for us, they also call for extra care to negotiate rainy season without any troubles.
Due to the climatic changes, alterations are required in lifestyles to protect from the adverse effects of changed climate.
Effects of monsoon are common on health as well as non-life assets due to reasons such as water-borne diseases, water-related mishaps and vehicular accidents.
Despite all precautions to avoid or minimize the damage, we have little control in the incidence of mishaps during the rainy seasons.
Apart from health, monsoons have significant impact on automobiles, primarily due to the changes in the climate and in the external conditions like the quality of roads etc.
Automobiles get prone to accidents due to rusting/jamming of the iron spare parts. Also, the risk of road accidents is high during the rainy season due to slippery roads and lack of lighting. Situations akin to 26/7 are not very rare in the cities like Mumbai.
Every monsoon, there are at least one or two occasions when the city comes to standstill due to incessant rains.
Accidents cause damage to own vehicles as well as financial liabilities in case of damages to life or property of third parties / pedestrians. Besides, monsoons also affect automobiles by way of wear and tear due to continuous exposure to water.
These factors call for the owners of types of automobiles – personal cars or two-wheelers or commercial vehicles – to become extra careful during the monsoons.
In extreme situations, automobile owners may find themselves saddled with high financial liability if proper care is not taken. What is the way out for automobile owners against such potential risks related to automobiles?
The answer is a Motor Insurance. A Motor Insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles.
Motor insurance gives protection to the vehicle owner against (i) damages to his/her vehicle and (ii) pays for any Third Party Liability determined as per law against the owner of the vehicle. Third Party Insurance is a statutory requirement.
The owner of the vehicle is legally liable for any injury or damage to third party life or property caused by or arising out of the use of the vehicle in a public place.
Driving a motor vehicle without insurance in a public place is a punishable offence in terms of the Motor Vehicles Act, 1988.
It is prudent to cover loss or damages to the vehicle itself by way of comprehensive package policy, which covers both Liability as well as Own damage to the insured vehicle.
While the Liability only insurance is mandatory, a car owner is better off taking a comprehensive coverage at a lower incremental cost
You can secure your vehicle from financial liabilities or loss of motor vehicle that you may face with HDFC ERGO General Insurance Company’s Comprehensive Motor Insurance plans.
HDFC ERGO Motor Insurance ensures that you and your vehicle stay safe and secure during the monsoons. The company provides a wide range of Motor insurance options with varied requirements.
You can get instant premium quote for Motor Insurance on the company’s website using Calculate Premium and choose the right insurance plan for your vehicle with our “Online Buy” option.