What is Car Insurance?
Car insurance is a type of insurance policy that provides financial protection against losses or damages related to your vehicle. Car Insurance is like a safety net that helps you pay for fixing or replacing your car if something goes wrong. It offers coverage for a variety of situations, such as accidents, theft, natural disasters, and third-party liabilities.
There are two common types of car insurance policies –
- Third-party Car Insurance Policy
- Comprehensive Car Insurance Policy
Third-party car insurance it protects from the damages and losses caused to the third- party due to accident while comprehensive car insurance provides complete protection against third-party liabilities as well as damages to your vehicle due to an accident.
More details about Comprehensive Vs Third Party Car Insurance
Please note that having a motor insurance policy is mandatory while driving any vehicle on road. This policy could be very important for you in times of emergency. Read more about motor insurance policy online
★★Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales★★