A standard motor insurance or better known as a car insurance policy is usually the insurance coverage mandated by law to drive on the road. Thus, it primarily covers you against liability damages and unexpected repairs. These liability damages can be of two types. First is when a bodily injury has been caused to a third person. Second is where the property of a third person and own car.
Motor Insurance Contracts are subject to the basic principles applicable to property and liability insurance in general. The owner of the vehicle must be a registered owner to the vehicle whereby he or she stands to benefit by the safety of the vehicle, right, interest or freedom from liability and stands to lose by any loss , damage , injury or creation of liability.
Commercial Vehicle Insurance
helps all commercial vehicle drivers to reduce losses they might incur due to damage to their vehicle. It also gives them protection against any legal liability from accidental damage / injury / death. Commercial vehicle insurance covers both the doors carrying vehicle and the passenger. In a few cases insurers also cover the loss to the shipment being transported.
Benefits & Features
A typical vehicle insurance policy covers damages to third party and to self car but the products by a few private insurers offer a large number of other utilities to the policyholders, like:
- Direct settlement or cashless claims at network garages
- Depreciation Cover
- Engine Protection Cover
- 24X7 Road Side assistance
- Towing Facility