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Motor Insurance: What Is Motor Insurance?

Many ignore even the idea of getting motor insurance because they don't understand what it actually means and what is covered in it. It is important to understand the features of any insurance before you make the purchase.

PranavVSharma
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Motor Insurance: What Is Motor Insurance?

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  1. Motor Insurance: What Is Motor Insurance?

  2. Summary Many ignore even the idea of getting motor insurance because they don’t understand what it actually means and what is covered in it. It is important to understand the features of any insurance before you make the purchase.

  3. Types of Motor Insurance • Firstly you should know that there are two types of motor insurance 1. Act Only Policy 2. Comprehensive Policy • The 'Act only' policy is to recompense for death or any bodily injuries caused to a third party. • It also covers damage to any property of a third party individual.

  4. Types of Motor Insurance • Comprehensive Motor Insurance • Motor insurance covers many things which include damage to the vehicle including fire, burglary, riots, terrorist acts, natural calamities, explosions etc. among many others. Make sure you read your documents correctly and see what all you’re covered for.

  5. Motor Insurance with Various Options • Companies nowadays offer cashless services even with motor insurance, avail these offerings and ask for discounts too. • Online buying of Motor Insurance is faster and hassle-free. • Always inquire what will be the best motor insurance policy and offerings.

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