If you are involved in an accident, don’t run away because this is your legal obligation. Even if there is no such damage, you must stop your car or bike. If anything happens like this and if you have car insurance, the insurer is there to help you with the compensation. Let your insurance company take care of all the circumstances. Uncertainties can happen anytime for that you will not be informed. It just you have to be already prepared to face the consequences. You can avoid accidents but once it happens you have to understand what to do and how to do it?
You are answerable for the accident if it is caused by your car and vice-versa. First of all, it is mandatory to have a car insurance policy as per the Motor Vehicles Act, 1988. And, if you don’t have an insurance policy you are breaching the law which liable for penalties up to 2000 Rupees and 3 months of imprisonment. Check if anyone seeks urgent medical care.
What if you don’t have car insurance?
To validate yourself legally on Indian roads, an active car insurance policy is required. In case you caught driving without proof of insurance you could face harsh penalties under the law. You don’t buy car insurance means you are not at all responsible for the safety of own self and others. The situation can be hazardous if you caught without a car insurance policy. Standing on the wrong side of the law has no defense. Think about it seriously and go with the secured law.
Penalties for not having a valid car insurance policy in India –
- If you are driving a car without insurance, then you are liable to pay upto 2000 rupees and imprisonment for upto 3 months.
- Also, if you don’t have a valid driving license you will be fined upto Rs. 5000 and imprisonment upto 3 months.
- Drive your car within the speed limit otherwise, you may have to pay a fine upto Rs. 1000 under section 112-183 Motor Vehicles Act.
- If in case you caught under the influence of alcohol or other drugs while driving. You will have to pay upto Rs. 2000 and imprisonment for upto 6 months under section 185 Motor Vehicle Act.
What if you have a car insurance policy?
Motor vehicle insurance is mandatory in India with respect to obey the law under the Motor Vehicle Act, 1988. The insurance cover gives you financial coverage in case of any loss and damage to your vehicle or other vehicles and properties too. Third-party liability is mandatory insurance cover you must have, but the only limitation is it compensates only the loss and damage to the third party not own damage. Whereas, comprehensive insurance is the one that covers both own damage and third-party liability.
An insurance cover protects you against the loss and damage to your vehicle from natural as well as man-made calamities such as fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air. Car insurance is important to have that ensures the overall safety of your vehicle in any case. Hence, you can’t underestimate car insurance services.
For instance, if your car gets damaged because of other vehicles. You will be compensated for the loss that occurred. At the time of the accident if any belongings and property such as electronic devices, sports equipment are there inside your car also gets damages that will be compensated too. The only stolen items will not be covered.
Suppose you haven’t renewed your car insurance policy so far. Apart from the penalties and fines, it will cost you NCB i.e. no claim bonus that you might have earned for not claiming during the policy tenure. If there is no claim bonus exists, insurance company allows a discount in subsequent year’s premiums as per the car insurance plans.
So, if you want that accumulated no claim bonus to be continued until you get some. Avoid lapsing your car insurance policy or end up paying a higher premium. Final Words, it is understood that not having car insurance is a complete ban and worthless.
You can’t compromise with your safety. Make sure you have a car insurance policy to avoid any glitches and trouble in the future. It is not only the financial loss that occurred in a road accident but the legal complications that you have to face so vigorously. Hence, never ignore the safety prospects for your vehicle because their safety is your own safety.
