Motor Insurance is a type of insurance policy which covers your vehicles from potential risks financially. Policyholder's car or two wheeler is provided financial security against damages arising out of accidents and other threats. There are 3 types of motor insurance policies available in India: Car insurance, bike or two wheeler insurance and commercial vehicle insurance. this type of insurance provides cover for loss or damage to any vehicle like car, two wheeler or commercial vehicle, etc. These insurance helps mitigate monetary harms due to accidents causing damage to the vehicles.
Motor Insurance is a financial safety net, helping you and your loved ones recover after something bad happens — such as a fire, theft, lawsuit or car accident. When you purchase insurance, you'll receive an insurance policy, which is a legal contract between you and your insurance provider.