MOTOR INSURANCE:
Motor insurance, that includes car insurance and two wheeler insurance , covers all damages and liability to the vehicle. Moreover, according to the motor vehicles act, 1988, driving a motor vehicle without insurance in a public place is a punishable offense.
A motor
vehicle can be covered either by a Liability Only policy which is a statutory
requirement and covers the legal liability for injury, death, and/or property
damage caused to a third party in the event of an accident caused by or arising
out of the use of the vehicle, or a package policy which includes the Liability
Only policy and also covers the damage to owner’s vehicle, usually called O.D.
Cover.
The common
motor insurance plans include:
Motor insurance, that includes car insurance and two wheeler insurance , covers all damages and liability to the vehicle. Moreover, according to the motor vehicles act, 1988, driving a motor vehicle without insurance in a public place is a punishable offense.
Motor insurance, that includes car insurance and two wheeler
insurance , covers all damages and liability to the vehicle. Moreover.
according to the motor vehicles act, 1988, driving a motor vehicle
without
insurance in a public place is a punishable offense.
 |
| Different types of Motor vehicle |
1. CAR INSURANCE
2. TWO WHEELER INSURANCE
3. COMMERCIAL VEHICLE INSURANCE
4. MISCELLANEOUS VEHICLE INSURANCE
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