Motor Insurance

Motor insurance

 

Motor insurance, especially in India, is by far the most common class of insurance. The various sub-categories that fall under this class of insurance are as follows:

Motor Private: Vehicles that are registered in the name of an individual for private use.

Motor Commercial: Vehicles that are owned and used for its business purposes.

General Cartage: Vehicles that are used for carrying goods or that are leased for transportation purposes.

Rent-A-Cars: Vehicles rented out to individuals or leased to companies.

Motor Trade Plate: A policy designed to protect vehicles, and liabilities arising out of them, whilst they are in the care and custody of automobile dealers or garages. In India third party insurance is mandatory to protect the general public and their property. Third party liability can also be extended to include the risks of fire and theft. A comprehensive policy covers own damages as well as the third-party liability. It also covers your car in case of theft. A comprehensive policy provides a complete protection package against any natural calamities (Like Earthquake, Floods, Lightning, etc.) and man-made calamities (Like Riots, Strikes, Terrorism, etc.). Banks or financial institutions that finance the purchase of a vehicle will generally seek comprehensive cover for the vehicle in question with the interest on it assigned to them through a hire-purchase clause. You can also enhance the cover on your vehicle by opting for Nil Depreciation cover / Bumper to Bumper cover or Zero Depreciation cover. We ensure to cover your vehicle adequately after analysing your insurance needs and also the cashless facility provided by the Insurance companies.