Usually, people are aware of motor insurance, but not everyone knows how much it is. Motor insurance has a variety of coverage that comes for two-wheelers, cars, trucks, and other vehicles. According to the rules, it is mandatory to take insurance for every vehicle running on the Indian road. Know about these various kinds of insurances in this article.
Car Insurance: Car insurance gives car coverage from sudden loss or third party loss, first compare the premium sown by various insurance companies whenever you select a car insurance policy, it is necessary so that you get a better plan.
Two Wheeler Insurance: This insurance plan provides protection for bikes and scooters. The features of its policy are similar to car insurance.
Commercial Vehicle Insurance: This insurance includes vehicles used for commercial purposes such as buses, ambulances, trucks, agricultural vehicles, etc. They also get services like car and two-wheeler insurance. It also covers claims of third party death or injury.
Third-Party Insurance: Third-party liability insurance has been mandated as per the Motor Vehicles Act, 1988, for all vehicles plying on the roads. This policy includes the third person who is injured in an accident caused by your car. In this policy, the insurer does not get any direct benefit.
Image credit: indiavirals