Motor insurance is a vehicle insurance policy that is mandatory for vehicles like trucks, cars, jeeps, bikes, scooters, etc. This policy offers coverage to the vehicle owner/driver against financial losses that may occur due to accidents or other kinds of damages.
A comprehensive motor insurance policy saves the policy-holder money when their car is damaged in an accident or a natural incident. It also covers their vehicle against theft and break-in. At times, they may end up hurting others or damaging property due to an unfortunate accident. A motor insurance policy covers such third party liabilities as well. If you own a car in India, having third party insurance is a requirement for you. That’s why it’s crucial to buy and renew your policy on time to stay on the right side of the law and be covered against motor damages. Apart from comprehensive car insurance, third-party only and own-damage only car insurance policies are also available. You can choose the policy best suited for your requirements.