Car Insurance In Pakistan
Car Insurance In Pakistan: With each passing day the number of car insurance service providers is increasing in Pakistan. Every car insurance service provider comes up with different plans and offers different kinds of promotions for the customers; however, scams in this regard must be avoided.
Pakistan is a developing country and there are a number of projects of infrastructure that are in the pipeline in big cities like Peshawar and Lahore. Such situations are creating a difficult situation on the roads and for the drivers. All of this is resulting in increased traffic accidents. Car insurance will help you deal with the difficult situations and happening on roads.
According to the traffic laws of Pakistan, the driver must own the third party insurance of liability. If not so, he will have to pay a fine and might be charged with punishment for violation of traffic rules. The third-party liability insurance service providers offer services for property damage, car damage, death by vehicle, and physical injury etc.
The car insurance service providers in Pakistan consider following factors before finalizing terms for the premium of your car insurance. They are value of your vehicle, insured estimate value, model and make of vehicle, age of the car, in which area it is used and where it is parked when not on the ride and do the car have a tracker or not.
In Pakistan the insurance policy is issued in the name of the registered owner of the car. However, you can purchase the insurance policy if you own an unregistered vehicle but you have to provide the documentation of registration in time of 15 days. There are some insurance providers who have excluded some sensitive parts of Pakistan including Balochistan. This is done due to the security issues. If the customer looks for some insurance for sensitive areas, he/she must ask the service provider and might have to pay some additional amount as well in this regard.
It is suggested to study the policies or terms and conditions in detail before signing an agreement of the car insurance policy in Pakistan, to keep you out of any trouble of hidden charges. Car insurance customers do not have access to reliable sources of information so it is good to educate for safe buying of car insurance policy after assessing which suits the best to your needs and budget.