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In India, it is mandatory for all car owners to have at least a third -party liability insurance policy under the Motor Vehicles Act, MA third-party car insurance policy covers the legal
Motor Insurance
A comprehensive vehicle insurance policy provides coverage against the third-party legal liabilities as well as the losses or damages to the insured vehicle during an accident or mishap. It covers the vehicle against natural and man-made disasters, including road accidents, fire, theft, earthquake, storm, flood etc.
What is the objective of motor vehicle insurance?
Reduces your liability
According to the Motor Vehicles Act, it is mandatory to purchase a third-party liability insurance policy in India. This type of insurance policy reduces your liability in case an accident is caused by you.