Motor or vehicle insurance is an insurance policy that protects the owner of the vehicle against any financial loss arising out of damage or theft of vehicle. Motor vehicle coverage also includes damage caused to third party or property. Motor insurance is available for both cars and two wheelers. Owing to low value of two wheeler vehicles, their premium is very nominal.
Why should one buy Motor insurance ?
Pays for damages
Reduces your liability
Pays for your hospitalization
Compensates your family after your demise
Key Points to remember when comparing Motor vehicle Insurance
- It is always better to guard against eventualities beforehand and one way to do so is by choosing right insurance from the lot
- Know what your policy covers
- Get additional damage cover
- Go for a zero depreciation add on cover with base policy
- Do not nullify insurance while customizing your vehicle
- Go for the best cover that fits your requirements