Square Insurance

  Driving your car gives you freedom, comfort, and convenience — but with that comes responsibility. Whether you own a brand-new vehicle or a used one, having a car insurance policy is not just a smart choice — it’s a legal necessity in India . Many car owners overlook the importance of car insurance until an unexpected incident happens, which can lead to heavy financial losses. In this blog, we’ll explain why buying a car insurance policy before hitting the road is crucial, its benefits, and how it safeguards both you and your vehicle from unexpected risks. Understanding Car Insurance Car insurance (also known as motor insurance) is a contract between you and the insurance company that protects you against financial losses in case your car is damaged, stolen, or involved in an accident. In India, car insurance is regulated by the Insurance Regulatory and Development Authority of India (IRDAI) and is mandatory under the Motor Vehicles Act, 1988, for every vehicle owner to...