Former insures only the marins perlis
Motor insurance is an insurance policy that covers the policyholder in case of financial losses – resulting from an accident or other damages – sustained by the insured vehicle. A comprehensive motor insurance policy covers damages to third-party and third-party property along with compensating for own losses as well.
Motor insurance safeguards you financially when a two-wheeler or car gets damaged in an accident or a mishap. A motor insurance policy offers various benefits like the compensation paid in case the vehicle is damaged due to an accident, riots, etc. It offers coverage in case the vehicle falls prey to theft.
Features and Benefits
Benefits of Insurance Coverage
In India, as per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least 'third party liability' motor insurance cover even when opting for the basic insurance plans.
Frequently Asked Questions on Motor Insurance