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What Is Motor Insurance
Motor insurance is a unique insurance policy meant for vehicle owners to give complete protection against physical damage or from incurring any financial losses sustained by the insured vehicle that may arise due to damage from natural and man-made calamities or theft of the vehicle.
Motor insurance is mandatory for all two-wheelers and four wheelers such as cars, bikes, scooters, trucks and commercial vehicles as well.
Benefits of Motor Insurance
Types Of Motor Insurance
Car Insurance
It gives coverage against accidental loss or damages to own car or a third party.
Two-Wheeler Insurance
It covers two-wheeler vehicles i.e. bikes and scooters against any own damage as well as any accidental loss caused to third party property or person.
Commercial Vehicle Insurance
It helps all commercial vehicle drivers to reduce losses they might incur due to damage to their vehicle. It includes the vehicles that are not used for personal purposes, like good carrying vehicles, trucks etc.