Vehicle insurance covers all damages and liability to a vehicle. A comprehensive policy provides security against natural and man-made perils, including acts of terrorism.
Vehicle insurance offers protection to the vehicle owner against:
- Damage to the vehicle
- It also provides any third party liability coverage.
Vehicle’s third party insurance is a statutory requirement in India as per the Motor Vehicles Act, 1988 and needs to be renewed every year. Driving a motor vehicle without insurance in a public place is a punishable offence.
Common vehicle insurance categories include:
- Car Insurance
- Two Wheeler Insurance
- Commercial Vehicle Insurance
