If you own a car in India you need to have car insurance by law. Car insurance protects you from financial loss and liability. Apart from the fact that it is legally required, it can save you from financial ruin. While driving you are responsible for the safety of:
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Your passengers
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Your fellow drivers
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Other people's property
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Pedestrians
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Yourself
Insurance helps cover the costs of potential damages or injuries in case of an unforeseen accident or theft and helps you in obliging any legal liability arises because of your driving. In its simplest sense, car insurance is smart planning that can help protect you from expensive, sometimes devastating surprises.