Car Insurance is the protection of car from the financial expenses that may occur if the car is being damaged, lost, collided, stolen etc. Car, now a days being no longer exists as a luxury good except high end cars, but as a need, is bought by the hard earned money. Having done a car insurance saves us from huge expenses on the repair and maintenance of the car, if something negative happens to it. And, therefore, it is being made compulsory by the government to have a car insurance in India. If not, then that person has to pay some penalty for that.
Read more »