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Car insurance is an insurance policy that protects the car owner from financial losses arising out of unforeseen events such as accident, theft or damage. It is mandatory by law in India and serves as a financial security for the owner and the vehicle itself.
Third Party Liability Cover
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It covers damages and injuries caused by the insured vehicle, only to a third-party person or property. It is mandatory under the Motor Vehicles Act, 1988, to maintain at least third-party insurance coverage in India.
Types of Car Insurance
Comprehensive Insurance
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It covers damages to one's own car, third-party legal liability, theft, along with the personal accident coverage under natural and man-made disasters like fire, earthquake, tornado, damage caused by animals, falling objects etc.
Car Insurance
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