jobs in general insurance in india

Due to the large number of vehicles driving on the roads, traffic accidents are a common phenomenon these days. According to statistics a traffic accident occurs every 3 seconds in the United States. Other than traffic rules, you can not much about the accidents. However, can the financial risks associated with a road by a motor vehicle insurance.

Motor insurance provides cover for costs incurred by the insured due to accidents. It is a legal requirement for all car owners, a car insurance.

Driving a car without insurance is a criminal offense. The person who, for a fine and / or revoked license and registration and / or prison. Therefore, it is very important for a car insurance for the financial and physical security. There are differences in the motor insurance and related terms are explained below.

Premium is the amount you pay to insure the provision of insurance cover. The premium depends on factors such as, model and age of the vehicle, your age, sex, use, etc. The car insurance to pay the costs from the accident, such as vehicle damage, property damage, etc.

The reporting will be three parties namely motor insurance, insurers, vehicle and third parties. Third is a party in the accident, for example, if you have an accident with another vehicle, the vehicle and driver are the third party. There are different types of measures, depending on the type of reporting and in the subsequent paragraphs.

Comprehensive coverage provides coverage for costs incurred due to damage by a mechanism such as vandalism, weather, animals, theft, etc.

The rule is no longer the vehicle after the accident. The insurance pays the costs of towing and roadside assistance with towing coverage.

After an accident, you may need to rent a vehicle until you pay the insurance for the vehicle or replace your damaged vehicle. The rental costs are covered by the rental insurance coverage.

During the accident, if you damage someone's property or his vehicle, the costs, such as repair / replacement of a third party vehicle, medical costs from third parties, etc. will be borne by the insurance company under liability insurance. If someone else drives the car, he is also under your insurance. However, the driving force, if you are someone else car, then the vehicle from the insurance and your vehicle are not covered. However, a non-owners insurance provides that flexibility.

If the third party is at fault in the accident then his insurance costs. However, if the third party and under insured is unable to make the costs, then your own insurance is the cost if you are under insured coverage.