What is Motor Insurance?
Motor insurance is just as a insurance like insurance policy like health insurance. Property insurance.
Life insurance.
but types of other insurances are not mandatory. But this motor‘Mandatory'! And, as the name suggests, it is an insurance that is relawith all types of motor vehicles-motorcycles, cars, jeeps, commercial vehicles etc.
Motor insurance make very interesting means and this is mandatory by the government for your safety and the safety of third person.
In motor insurance you will pay premium very least amount when this is compared to the advantages what it provides to you
If meshed in any case, forbid, any mishap.
Misconceptions about motor insurance
Here is a great misconception about motor insurance is that many people have thought that, Motor Insurance covers only the motor vehicle. Wrong again!
The type of vehicle on which you are taking insurance policy.
The coverage amount that you want to cover for your vehicle for
So,
what are the different types of vehicle insurances available based on the type of vehicle owned?
Motor insurance can be classified in to these following categories
Two-wheeler insurance: This insurance policy provides coverage to all types of scooters and bikes. It ensures a safe ride every time when you go out on the road for journey.
Commercial vehicle insurance:
when ever you meet with any accident or theft,
Then commercial vehicle insurance provides you financial protection in case of theft, burglary, and total damage.
Under this insurance policy covers all passenger carrying vehicles, goods carrying vehicles, all types of taxies, and special type of vehicles like tractors, cranes, etc
And other commercial use vehicle.
Car insurance:
Car insurance provides you a safety and security when you are driving you car or your car got any damages.
This is the best way to financially secure yourself and your car. This is basically a contract which offers, comprehensive coverage and third-party liability cover to the insured person following a damage, mishap or accident of the vehicle.
Conclusion
Here in this article we know what is car insurance and why it is necessary for every car/vehicle owners.
And we also know that what is bike insurance, commercial insurance and car insurance
I hope you all are got it very well.
Thank you so much
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