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    Vehicle Insurance

    Motor insurance (also known as vehicle/car/auto insurance) is insurance purchased for cars, trucks, and other road vehicles. Its primary objective is to provide protection against physical damage resulting from traffic collisions and against liability that could also arise there-from.

    Motor insurance in India covers the loss or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third-party legal liability.

    What Is Covered In Motor Insurance?

      Motor Insurance covers :

    • Accident caused by external means.
    • Man made calamities, such as Explosion, Burglary, Theft, Riots & Strikes,Malicious Acts, Terrorism, etc
    • Natural calamities like Earthquakes, Fire, Floods, Typhoons, Hurricanes, Storms, Cyclones, Lightning,etc.
    • While in Transit by rail/road, air or waterway.
    • Third party legal liability
    • Cover for an owner driver in case of death

    What Is Not Covered In Motor Insurance?

    • Normal wear and tear of the vehicle due to usage
    • Loss or damage due to depreciation of the vehicle
    • Electrical / Mechanical breakdown
    • Wear and tear of consumables like tires and tubes
    • Loss or damage incurred outside the geographical area
    • Loss or damage caused as a result of driving under intoxication (DUI) (alcohol/drugs)
    • Loss or damage caused to the vehicle by an unauthorized person without a valid driving license
    • Loss or damage due to nuclear risks
    • The vehicle being used otherwise than in accordance with restrictions as to use.
    • Loss/Damage attributable to War/Mutiny/Nuclear risks
    • Damages caused due to speed testing/ racing
    • Known or deliberate accidental damage
    Why Motor Insurance?
    • Motor Insurance(Third Party) is compulsory for the purchase of new vehicles whether acquired for commercial or private usage as per Motor Vehicle Act in India. One can be penalized for driving without a valid cover.
    • An accident can happen to anyone even if the driver of the car is not at fault. This may result in a lot of damages caused in person as well as to the car. Motor Insurance turns out to be very beneficial under such circumstances.
    • If the driver is liable for an accident that results in bodily injuries to a third party, then the expenses have to be borne by the owner of the car. In such a case third-party motor insurance saves from a devastating financial blow.
    • Cars are an expensive investment for an individual. An accident can turn this investment into a huge loss as well. Hence it is important to have motor insurance.
    • It also helps to cover for damages caused other than an accident like fire, theft, etc.