Motor insurance policies provide coverage for vehicles against financial losses due to accidents, theft, or other unforeseen events. They can vary widely depending on the insurer and the country, but here are some typical components and details found in a standard motor insurance policy:
Types of Motor Insurance Policies
Third-Party Liability Insurance:
Coverage: Provides protection against legal liabilities to a third party due to bodily injury, death, or property damage caused by the insured vehicle.
Comprehensive Insurance:
Coverage: Includes third-party liability plus damage to the insured vehicle due to accidents, theft, fire, natural disasters, and other perils.
Third-Party, Fire and Theft:
Coverage: Provides third-party liability protection along with coverage for damage or loss of the vehicle due to fire or theft.
