Motor insurance is an insurance policy that covers the policyholder in case of financial losses – resulting from an accident or other damages – sustained by the insured vehicle. A comprehensive motor insurance policy covers damages to third-party and third-party property along with compensating for own losses as well.

With a motor insurance policy, you will be usually covered against the following:

• Damages and losses, resulting from natural calamities such as earthquake, floods, fire, lightning, landslide, hurricane, etc.
• Damages that result from human intervention, including burglary, theft, riots, strike or any other activity born of malicious intent.
• Third-party legal liabilities owing to damages (both bodily injuries and death) caused to third-party as well as financial losses to a third-party property.

Add-on insurances:

• luggage insurance
• renting a replacement vehicle
• road assistance services
• passenger accident
• legal protection

Third party motor liability insurance (MTPL)

• owners of all vehicles operated on public roads must have it – mandatory by law
• protects in the event that you cause damage to another’s property or health
• protects the injured party – the insurer will compensate for the damage suffered
• protects the guilty party who, without liability insurance, would have to pay damages out of his own pocket