Motor vehicle insurance is a policy that
protects you financially against losses
involving your car, bike,
In India, having at least
third-party liability insurance is legally
required to drive on public roads.
Third-party insurance
Covers your legal liability if
you injure or kill another person.
Covers damage you cause to another person’s property,
subject to policy limits.
It does not normally pay for damage to your own vehicle.
Comprehensive insurance
Includes third-party liability cover.
Also provides protection for your own vehicle against
risks such as accidents, theft, fire,
natural disasters and certain other events,
depending on the policy.
Own Damage (OD) insurance
Covers damage to your own vehicle
from specified insured events.
It can be purchased alongside third-party
cover where applicable.
2. What can be covered?
Depending on your policy, coverage may include:
๐ Accident and collision damage
๐ฅ Fire and explosion
๐ง๏ธ Flood, storm and other natural disasters
๐ Theft