MOTOR INSURANCE

Motor insurance is a type of insurance policy that provides financial protection against losses or damages to your vehicle due to accidents, theft, natural disasters, or third-party liabilities. It is a crucial safeguard for vehicle owners, ensuring peace of mind while driving on the road.

There are primarily two types of motor insurance:

1. Third-Party Insurance: This is a mandatory policy that covers damages or injuries caused to a third party in an accident involving your vehicle. It does not cover damages to your own vehicle.

2. Comprehensive Insurance: This offers broader coverage, including protection for your own vehicle as well as third-party liabilities. It also covers losses due to fire, theft, vandalism, or natural disasters.

Motor insurance policies may also include add-on covers like zero depreciation, engine protection, roadside assistance, and personal accident cover to enhance protection.

Having motor insurance not only ensures compliance with legal requirements but also safeguards you from unexpected financial burdens in case of mishaps, making it an essential investment for every vehicle owner.