A car insurance policy is a contract between a car owner and an insurance company in which the latter undertakes to protect the rental cars owner against financial losses that may arise from an unfortunate event with his car. Depending on the policy chosen, there are mainly three types of car insurance: third-party auto insurance, stand-alone comprehensive insurance (OD), and fully comprehensive insurance. It is also called vehicle insurance or motor insurance and is financial protection for you and your four-wheeled vehicle against damages due to accidents, theft, and damages to persons or property of third parties.

It also includes personal accident cover to the car’s owner-driver. A car insurance policy is also a cover for your car against damage caused by natural calamities like floods, earthquakes, cyclones, etc. As per the Indian Road, Traffic Rules laid down in the Motor Vehicles Act, 1988, it is mandatory to have insurance cover for your car.


Car Insurance Coverage

The coverage in your auto insurance policy depends on the type of policy that you have selected. Third-Party Car Insurance Plans cover the following types of financial liabilities that you might face in a mishap involving your car–

Physical Injury

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