Auto insurance for a safe journey

As you are driving in a dizzy, chaotic, traffic in the city or through a quiet jungle on a safari, the sudden appearance of another car (or, a wild life as the case may be) right in front of you, and the resultant accident within seconds could literally have life changing consequences. Even if you are a safe and careful driver, you may have to suffer because of someone else’s mistake. It is in order to mitigate and protect against the effects of these risks that you would need to have an auto insurance.

For many who own a car is one of the most expensive assets in their lives along with their home and jewelery. The true worth of a car cannot be measured in terms of its price alone; it also carries with it a sentimental (I am sure you and your family have many good memories associated with it), and vitality values that cannot be measured. It is therefore normal if a person gets upset when his car damaged and is unable to bear the repair cost. But that situation would not arise if he had an auto insurance.

An auto insurance in general covers a legal costs in case of lawsuit, loss caused resulting natural resulting calamities, riot, strike, Nepal Bandha, and collision with another vehicle, animal and any object. More than that, it also covers emergency road services including cost of trailer service, and emergency inpatient and outpatient medical expenses.

Cost of auto insurance

The premium for your auto insurance generally depends on the model of the vehicle, its engine type, your past driving history, and its load/speed capacity. Compared to the cost of the vehicle and the potential loss you need to bear in case of an accident, the amount you would need to pay as insurance premium is minimal – its per day cost is usually less than the cost of your everyday coffee at a cafe.

Geographical coverage of auto insurance

The comprehensive auto insurance policy issued by Nepalese insurance companies widely covers accidents that occur on the roads throughout Nepal. The lawful and reasonable trip to China, India, and other nearby countries can also be covered under the same insurance policy. If the proposed green card (an auto insurance ID card that works throughout a specific region) system came into existences within SAARC region, your claim for road accident would be settled on the spot in any SAARC country.