What does motor policy covers?
First all of, let's see what type of losses that might arise to your car:
Third Party Liability
And so, what type of motor policy you buy decides what insurance coverage you are entitled to. You may refer to the breakdown below:
Types of coverage
Third Party – Covers Third Party Liability only
Third Party, Fire & Theft – Covers Third Party Liability, Fire, and Theft
Comprehensive – Covers Third Party Liability, Fire, theft, and Own Damage
First all of, let's see what type of losses that might arise to your car:
Third Party Liability
- We owe a responsibility of our driving to other users of the road
- When you injure or kill someone with your car
- When the passengers in the car suffer due to your driving
- When you damage other people’s properties, be it the vehicle, house, the lamp post, traffic light, road divider or someone’s pet.
- When your car catch a fire
- When your car is lost due to theft, burglary or housebreaking
- Accidental damages happens to your own vehicle. For example: Collision damage, impact by fall of objects, burglary or theft, malicious damage
And so, what type of motor policy you buy decides what insurance coverage you are entitled to. You may refer to the breakdown below:
Types of coverage
Third Party – Covers Third Party Liability only
Third Party, Fire & Theft – Covers Third Party Liability, Fire, and Theft
Comprehensive – Covers Third Party Liability, Fire, theft, and Own Damage