“If a tree falls in a forest and no one is around to hear it, does it make a sound?”
Similar will be the situation when you get involved in an accident with your
vehicle. Whether the sound is audible or not depends on you.
Are you confused?
Alright, let me make it simple.
Sound in this context is not about the collision happening during an accident. It
reflects on whether you own motor insurance or not. If you do own motor
insurance, then the sound is audible for sure. The insurance company would come
to your rescue. If not, you are bound to face a lot of problems.
What are the problems that I will face if I do not own motor insurance?
Driving your vehicle without valid insurance is not advisable, even in the worst
case. So, it is pivotal to know about the pitfalls of not owning motor insurance.
- Penalty: – The new Motor Vehicle Bill of 2014 has made rules and
regulations very stringent. The penalty amount for individuals driving
without valid motor insurance has soared over the recent years. For the
first time, if you do not have insurance, you are bound to pay Rs.2,000 or
even a jail term of 3 months. If you repeat the mistake, you have to shell
out Rs.4,000 as a penalty or even a jail term of 3 months. As traffic cops are
waiting for you in every nook and corner, you should go for motor
insurance.
- Legal Liability: – If involved in an accident with a third party, you have to
shell out money for the third party. In this situation, if the third party is
dead, then you have to pay compensation to their family. Further, there are
high chances of you getting apprehended by the legal authorities. In this
situation, you are getting embroiled with cases. These cases might lead to
heavy fines and even imprisonment. Thus, it is advisable to have an
insurance cover, which comes in handy in this kind of situation. - Time-Consuming:- The insurance company comes to your aid when
involved in an accident, only if you own motor insurance. Without one,
then you are going to lose your precious time in settlement and legal
procedures. - Premium: – Most Insurance companies charge a premium for the renewal
of your lapsed policy. Moreover, driving with a lapsed motor insurance is
illegal under the laws. Hence, get your insurance renewed as soon as
possible.
Conclusion
Now and then, accidents keep on happening around the globe. Some of the
accidents might be fatal, while others might only result in damages to the
vehicles. Whatever might be the casualty, it is the insurance company that comes
to your rescue. Having valid motor insurance would bring a sense of security to
your mind while driving.
So you have to decide whether you would fall like the tree without making any
sound or like the one that makes a sound?
Now the choice lies with you.
Water 