Satguru Wealth is your one-stop destination for hassle-free car insurance!
Motor insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
BENEFITS
- Paperless transactions
- Instant Policy
- Covers damage caused by other than an accident for example, theft, fire, etc.
- It covers lawsuits, including legal fees brought against you as the result of an accident.
- Much more..
Why Car Insurance?
Whether you are looking to buy or renew your policy, we’ve got you covered with instant online. Car Insurance, also known as auto or motor insurance, offers vital protection for you and your car against accidents, thefts, and natural disasters. Our comprehensive policies ensure you stay financially secure during unforeseen circumstances, while also safeguarding you from thirdparty liabilities.
At Satguru Wealth, we believe in flexibility and affordability. You can easily customize your IDV and choose from 10 beneficial add-ons to create the perfect coverage for your car.
The best part? Our user-friendly website and online processes make the entire experience quick and seamless.
Stay on the safe side while hitting the road with confidence. Get your car insurance by Satguru Wealth today and enjoy worry-free driving! Don’t miss out – protect your car and your peace of mind now.
Types of Vehicle Insurance in India
Car Insurance
Car insurance is an insurance policy that offers coverage against accidental damages or theft of the car or damages caused to the third party property or life due to the insured car. Buying a thirdparty liability policy is mandatory as per law. However, for financial backup against damages to your car, you must opt for own-damage cover or a Comprehensive Car Insurance Policy
Bike/Two-Wheeler Insurance
Two-wheeler insurance is an insurance policy that provides coverage for all types of two-wheelers like scooters, mopeds, bikes, sports bikes, etc. The insurance provides coverage against financial and legal liabilities such as accidental damages to the insured vehicle and damages to the third party property or injury/death of a third party caused due to the insured bike. Similar to car insurance, buying third-party cover is mandatory, and the own damage cover is optional.
Commercial Vehicle Insurance
Commercial vehicle insurance is an insurance policy that covers commercial vehicles like trucks,buses, etc. The coverage is similar to car/bike insurance. It covers accidental damages to the insured vehicle and third-party liabilities. All commercial vehicles must have at least a third-party liability policy to comply with the law.
Why Do You Need Motor Insurance?
No matter who is in the automobile, an unplanned incident like an accident can happen to anyone, anywhere, at any time. Getting auto insurance is essential if you want to safeguard both you and other people. For example, you will have to pay a high amount of money to cover any injuries you or another person inflict in the event of an accident if you do not have dependable insurance to cover your expenses. Our auto insurance policy guarantees to pay for any medical costs resulting from injuries sustained in an accident. The insurance provider will pay for all of your medical expenditures, including those from surgeries and hospital visits, which will undoubtedly save you money and time.
The main purpose of a motor insurance policy is to safeguard your own vehicle, such as your bike or automobile. You may drive with confidence knowing that your insurance company will pay for any damage your car sustains in an accident if you have a comprehensive automobile insurance policy. i.e., we will make sure you don’t have to pay for the costs to repair and restore your automobile, whether you need to send it for repairs following an accident, your car has been stolen,
or it has sustained damage as a consequence of a natural disaster like fire, riots, explosions, strikes, etc.
Are you still unsure of the benefits of having auto insurance? This policy will guarantee that the provider will cover your repair costs, medical bills, and other related charges if you are in an accident involving a third party, such as a pedestrian, another car, or someone’s property. You will be responsible for paying any damages to a third party, including medical expenses, property damage, and auto repairs, if you do not have comprehensive insurance. Our auto insurance coverage lowers your liability and safeguards your funds.
Accident victims will almost certainly try to sue you for injuries or damages. Our auto insurance coverage will shield your wallet from these costs in the event that you are sued. Legal fees have the potential to completely deplete your finances, so we make sure that any large costs that may result from a case brought against you for a car accident will be covered.
Most nations, including Sri Lanka, have laws requiring auto insurance. Operating a vehicle for personal or professional use without a motor insurance policy is prohibited, regardless of the type of coverage you choose, basic or comprehensive.