Car Insurance

What is Car Insurance?

Car insurance protects individuals from financial losses due to theft, natural disasters, accidents, and liabilities. It covers both personal and third-party vehicles, and covers third-party liabilities in cases of property damage or injury. This policy is essential for those who may cause harm or damage to others.

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Types of Car Insurance

There are primarily two kinds of auto insurance.

The type of auto insurance that is required by law for all Indian car owners is third-party insurance. It guards against any harm or loss the car may cause to other people. The Motor Vehicles Act of 1968 provides the legal basis for this insurance.

The choice to get comprehensive auto insurance rests with the vehicle owner. There is no legal support for it. Nonetheless, this is a crucial kind of auto insurance that pays for the owner’s losses as well as any harm the automobile may sustain in an accident.