What is Car Insurance?

 Car insurance is a contract between the customer and the insurance company covering financial and personal loss in case of any damages or loss to the vehicle. Car insurance providers offer different insurance plans and premium packages. However, purchasing a car insurance policy can be challenging for customers. The lack of access to the correct knowledge and comprehensive information can lead to a wrong decision.

Mawazna.com is a leading car insurance comparison platform in Pakistan. It aims to provide accurate information to customers over different insurance policies offered in the market. Mawazna.com closely follows car insurance trends in Pakistan and helps people make the right decision when investing in car insurance. Here are some important questions that customers can have in mind while buying a car insurance policy.

What is Covered by your Car Insurance in Pakistan?

Car insurance companies consider multiple factors before offering any policy. The following key factors can affect the premium of a car:

It covers the value of the vehicle

It provides cover against damage to the car, such as theft

It covers the bodily injury

It covers the cost of injuries, rehabilitation, and sometimes funeral expenses

What is Not Covered by Car Insurance in Pakistan?

A comprehensive car insurance policy aims at providing maximum benefit to car owners. However, certain areas are not covered by a car insurance policy in Pakistan as listed below:

Intentional damages are not covered

Damages caused by robbery vandalism are not covered

Battery damages

Tyres damages

Damage resulting by a short circuit

Types of Car Insurance Policies offered in Pakistan

It has become easier for motorists to get car insurance these days in Pakistan. Multiple car insurance companies are working in the market. Due to the tough competition in the market, car buyers need to know what type of insurance they are getting. According to the country's traffic laws, a car owner must have at least third-party car insurance. Therefore, a car owner must strive for such a policy that provides peace of mind. Following are the types of car insurance policies offered in Pakistan:

Third-Party Car Insurance

Comprehensive Car Insurance

1- Third-Party Car Insurance

The 3rd party car insurance is the minimum legal requirement covering the damages done to a car. It covers the drivers against the damage done by them to someone else's property. It also provides them with protection against injury caused by them to another driver or passenger.