Car insurance also known as vehicle insurance provides financial coverage to the insured car against road accidents, theft, and fire. It also covers damages due to natural calamities, animal attacks, and manmade acts, along with third-party death or property damages. Having a valid third-party insurance policy ensures that you comply with the laws of the Motor Vehicles Act, 1988..
✅ Third-party losses/liabilities: Damage to another person’s vehicle or property and injuries or death of a third party caused due to your two-wheeler.
✅ Accidental damages: Damages caused to your vehicle due to accidents.
✅ Fire disasters: Damages to your two-wheeler due to fire explosion, self-ignition, lightning, etc.
✅ Natural disasters: Damages due to events such as floods, cyclones, earthquakes, etc.
✅ Man-made disasters: Damages to the insured vehicle due to incidents like riots, protests, terrorist activities etc.
✅ Vehicle theft/total loss: Financial loss due to vehicle theft or total loss. For instance, if your bike/scooter gets stolen and concerned authorities are unable to trace it.