Vehicle Inaurance
What is Vehicle Insurance?
Motor insurance is just like any other insurance policy, but unlike other insurances, it is ‘Mandatory'! And, as the name suggests, it is an insurance that is related to all types of motor vehicles-motorcycles, cars, jeeps, commercial vehicles etc.
Motor insurance has been made mandatory by the government for your safety and the safety of others. And the yearly premium you pay is just a meagre sum when compared to the advantages it has to offer you in case of, god forbid, any mishap.
Types of Vehicle Insurance Policies?
Third-party
Third-party insurance is one of the most common types of vehicle insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.
Comprehensive
Comprehensive insurance is one of the most valuable types of vehicle insurance that covers both third-party liabilities and damages to your own vehicle as well.
What is covered by Vehicle Insurance?
Coverages Third Party Comprehensive
Damages/Losses to own vehicle due to an accident ✘ ✔
Damages/Losses to own vehicle in case of fire ✘ ✔
Damages/Losses to own vehicle in case of a natural calamity ✘ ✔
Damages to Third-Party Vehicle ✔ ✔
Damages to Third-Party Property ✔ ✔
Personal Accident Cover ✔ ✔
Injuries/Death of a Third-Party Person ✔ ✔
Theft of your vehicle ✘ ✔
Doorstep Pick-Up & Drop ✘ ✔
Customize your IDV ✘ ✔
Extra protection with customized add-ons ✘ ✔