Type of Motor Insurance
Motor insurance, also known as vehicle or auto insurance, is a policy that protects a vehicle owner from financial losses in the event of an accident, theft, or natural disaster. It’s an agreement between the vehicle owner and an insurance company, where the owner pays a premium and the insurance company covers the costs associated with repairs or replacements.
Third Party
covering the insured’s liability for damage or injury to a third party.
Comprehensive
coverage, including damage to the insured vehicle and its occupants, as well as third-party liabilities.
Own Damage
covers damage to the insured vehicle itself, often offered as a standalone policy or as part of a comprehensive plan.