Vehicles are subject to the following hazard which accelerate the need for automobile Insurance:
- Footpaths: footpaths are surrounded by hawkers, pedestrian which having a tough time dodging between vehicles to reach the other end of the road. Large manholes and potholes are a common sight are a common sight and during the monsoon the situation can get only worse causing untold damage to the vehicle
- Drunken driving: Be it a car, a two-wheeler, Or even a truck, drunken driving is major reason for increase in accidents.
- Reckless Driving: Rashtriya driving by youngsters cause serious accidents resulting in loss of life or limb.
- Theft: Experts in stealing cars are well aware of the loopholes that can be exploited and also been successful in manipulating with the chasing of number of vehicles in order that they are not traced.
- Fire : There is also a danger of fire. Vehicle insurance under such unsafe conditions is a must not only to cover risks towards the owner and the vehicle but also to cover financial liability that may arise from an accident in which the other party is injured. The insurance company can indemnify against such losses and the financial liability arising thereof.
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