What is the purpose of motor insurance?

In simple words, it provides compensation to a third party because of an injury/demised caused incurred by the vehicle.

What is motor insurance and its benefits?

Vehicle insurance or motor insurance is a type of insurance policy which safeguards you financially in case your vehicle (car or two-wheeler) sustains damages due to natural or man-made calamities such as earthquake, flood, lightning and theft among others. Working of motor insurance is pretty simple.

What are the 3 types of motor insurance?

There are three different types of insurance - Private Car Insurance, Two-wheeler Insurance, and Commercial Vehicle Insurance.

What is a motor insurance policy?

It protects you, your vehicle and other motorists against liability in case there is an accident. It provides financial compensation to cover any injuries caused to people or their property.

What is called motor insurance?

motor vehicle insurance, also called automotive insurance, a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident.

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Motor Proposal Confirmation (Proof of No Claims Bonus) You must check this document carefully because it is your record of the information you have provided and we have used this to assess the risk.

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