Certificate of Motor Insurance| All you need to know

There is no special procedure to get an Insurance Certificate. When you buy a car/bike insurance policy or renew the car insurance policy, the insurer will issue the Certificate of Insurance along with other policy documents.

You need to submit all the necessary documents while purchasing/renewing a motor insurance policy to get the Insurance Certificate. There is no additional process to obtain the Insurance Policy Certificate.

Note that the Certificate of Insurance is a legal document, and the insurance company should issue the certificate without fail.

You should produce the Insurance Certificate along with other documents such as a driving license, registration certificate, and PUC certificate whenever your vehicle is stopped by the police for inspection. So, always keep a copy of the Insurance Policy Certificate in your vehicle along with other documents.

Why You Need Certificate Of Motor Insurance

a. To Protect Yourself and Others

An unforeseen event like a car accident can happen anywhere, at any time, and to anyone – regardless of who’s in the vehicle. One of the most important reasons to get motor insurance is to protect yourself and others.

For instance, if you do get in an accident and you don’t have reliable insurance to cover your costs, you’ll incur a heavy expense to cover any injuries caused to yourself or another individual.

Our motor insurance policy ensures to cover medical expenses incurred as a result of any injury caused by an accident. Your medical bills from surgery to hospital visits will be paid for by the insurance company; inevitably saving you time and money.

b. To Protect your Vehicle/motorcycles

A motor insurance policy primarily acts to protect your car, bike, or other personal vehicles. With a comprehensive motor insurance policy, rest assured that any damages caused to your vehicle during an accident will be covered by your insurance provider.

i.e. whether you need to send it for repairs after an accident, or your car has been stolen or has suffered any damage as a result of a natural calamity like fire, riots, explosions, strikes, etc., we will ensure you don’t have to bear the expenses to repair and restore your vehicle.

c. To cover Third Party Damages

Still, wondering why it’s important to get motor insurance? This policy will ensure that if you are involved in an accident that involves a third party, whether a pedestrian, another vehicle, or someone’s property, your expenses to repair, pay for hospital bills, etc. will be covered by the provider.

Without a comprehensive insurance cover, you will have to pay damages to any third party; from hospital bills, to property or vehicle repairs. Our motor insurance cover protects your finances and reduces your liability.

d. To Covers Legal Costs

More often than not, victims of accidents will attempt to sue you for damages or injuries. In the event you are facing a lawsuit, our motor insurance policy will protect your wallet from incurring these expenses. Legal fees can really burn a hole through your wallet and savings, so we ensure that any significant expenses that should arise from a case filed against you for a road accident, will be taken care of.

e. For the insured, certificates of insurance serve as proof of coverage—proof that can be provided to customers, contractors, or other third parties quickly and efficiently. COIs also indicate that the insured has the financial resources available to protect those who may be harmed by their actions.

Finally

A motor insurance certificate gives you hope as a car owner that if any misfortune happened to destroy your car or vehicle, you will stand the chance of filing claims to your insurance company to reposition you in your previous state before the loss. It is a document of proof that you are under insurance coverage, it contains the name of the policyholder, the trademark of the vehicle, the commencement date, the expiration date, classes of persons to use the vehicles e.t.c.