A Complete Guide How Motor Insurance Works?

| March 1, 2019

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When things go wrong while you are driving, motor insurance will be a lifesaver. It protects the driver from the financial loss that can occur during an unfortunate accident. Based on the coverage purchased, this can also extend to third party damage. Car insurance is essential and required by law to have, when operating a motor vehicle. What Type of Coverage? Going with the cheapest coverage won’t get you the best results.  Go through the coverage options and find out what you need the most. At the very least, damage to your vehicle should be minimum for motor insurance to cover. When going above the bare minimum, insurance covers third party damage, theft, and provides extensive personal accident coverage. Premium plans even go so far as to protect your car against natural disasters. For vehicle insurance in India, natural disaster protection is strongly recommended. You never know when something will happen that could damage your automobile. Things to Consider. A motor insurance policy will clearly outline things that are not covered under the current contract. Usually, that includes damage due to age, damage caused by an unlicensed driver and damage outside of India. That is a small sample, as each company will have their own set of rules listing requirements for coverage. Go over this information carefully so that you do not have to spend out of your pocket for any untoward incident. Use a car insurance premium calculator to get a good idea of what you may pay for a policy. Use the final figure to narrow down the most important features of a motor insurance contract.

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FOJP Service Corporation

FOJP Service Corporation is one of the largest insurance and risk management organizations in the country and a leader in the risk management community. Since 1977, FOJP has administered property and casualty insurance programs for a group of major hospitals, long-term care facilities, and social service agencies in the metropolitan New York area. Some of the city’s most important and highly regarded academic medical centers – and more than 10,000 physicians –participate in FOJP’s professional liability insurance program, the first of its kind in the nation.

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Spotlight

FOJP Service Corporation

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