What are motor insurance and its types?

Motor insurance is a type of insurance policy that covers damage done to your vehicle by manmade or natural causes. There are two basic types of motor insurance, however, there are also several add-ons that one can consider. Here are the two types of motor insurance policies:

• Third-party motor insurance policy - It is a type of policy that will cover your liabilities towards the third-party in case of an accident.

• Comprehensive motor insurance policy - It is a type of policy that will cover damage done to your vehicle, along with the third-party liabilities. This insurance policy is highly recommended.