A few things about Auto Insurance

A few things about Auto Insurance

Are you planning to get your car or any other vehicle insured? By the law it is mandatory for you to get your vehicle insured. If you do not have the insurance you may have to pay the penalty. There are a few things that you will want to know about auto insurance.

If you are going for the auto insurance then you will be required to pay the yearly premium. Depending upon your country and the rules the yearly premium may be paid in installments too. The insurance needs to be renewed after a year. Once the term of the insurance is over you are required to renew the insurance policy. The amount of premium depends upon the age and condition of your car and also on the type of insurance.

There are two types of auto insurance policies – first party and third party. In the first party insurance cover in case of an accident of mishap all the parties are paid for the damage and injuries including the driver and the passengers. Also, if there is theft or loss the owner of the vehicle is compensated the full amount as per the evaluation of the price at the time of the insurance.

Third party insurance is different. With this insurance type only the third-party is compensated for injuries or damages. For example, if you have third party insurance and your car hits a biker only the biker will be paid for the damages to the vehicle and for the injuries.

Evidently, third-party insurance is cheaper than the first-party insurance.


 

The Spot Lights

Valentino Rossi not Able to Compete for 10th Title in 2017 The year 2017 was good for Yamaha. With one of the fastest motorcycles on the Grand Prix, and a better atmosphere in the Yamaha garage, a more focused Valentino Rossi would have been in the running to win his tenth world title. The champion suffered fractures on his right leg during a training… The motorcycles and tracks of motorcycle drag racing If you’re looking for excitement, either on the experiencing or viewing side of things, motorcycle drag racing might just be the thing for you. The sport is loud; the sport is exciting for both viewers and riders. Motorcycle drag racing involves two riders and a starting point at a dragstrip. From… India's new FTR750 dirt track racing engine There are three words that come to mind when thinking of the new FTR750 dirt track racing engine from Indian and those are compact, narrow, and lightweight. In other words, it has become more practical and with less expense by weight. The following are some specifications and details on… Valentino Rossi to race for Yamaha. It has been a rather eventful year for Yamaha racer Valentino Rossi. The 37-year old Italian biker and Grand Prix Winner is currently running for Yamaha and plans to do so at least for the next two years. This fact has become news especially after the announcement of Jorge Lorenzo leaving the Yamaha… Ducati’s New 2016 MotoGP Ducati is a motorcycle brand name synonymous with excellence. They’ve been making quality motorcycles since the 1950’s, and have evolved to have a well-earned reputation for power and performance for their products. Racing has been a big part of their marketing initiatives since the…

Recent Posts

Michigan – Auction of 2018 Dodge Challenger Demon Raises $14,700 for Charity The 2018 Dodge Challenger SRT Demon is one of the rarest vehicles as only 3000 cars were made. The auto manufacturer asked a few dealerships to ensure that they sell the car below or at the sticker price of $89,000 to real enthusiasts who loves to drive it and not to collectors who want to store the…

Most Viewed

Danika Patrick crashes at Ford EcoBoost 400 Danika Patrick walked out of Homestead-Miami Speedway an angry and disappointed person. This was not how she wanted her last NASCAR race as a full-time driver to end. The sadness and disappointment she felt about her exit from the race were obvious. Tragedy for Patrick Patrick’s race was over…