The term “motor insurance” describes policies for vehicles on the road, such as four-wheelers, commercial trucks, and two-wheelers. For all two-wheelers and four-wheelers in India, including cars, bikes, scooters, trucks that travel the roads, motor insurance provides financial protection against physical damage and natural disasters. Motor insurance is mandatory for all vehicles plying on the roads, including two-wheelers, four-wheelers, and boats. Even commercial vehicles can be covered by motor insurance.
Motor Insurance: Key Features
It can be very beneficial for the policyholder to have vehicle insurance that has several features. Here are some features are mentioned that you should know:
Stress-Free Process
Policy Schemes
Policy Cover
No Claim Bonus
Cashless Claims
Enough Plans
Types of Vehicles Covered Under: Motor Insurance
Car Insurance
Car insurance protects you against such unforeseen events like accident. Under this policy, the insurance company covers the cost of property damages & third-party injuries.
Two Wheeler Insurance
A two-wheeler insurance policy or bike insurance protects your bike or scooter. Two wheelers are covered against both own damage and accidental loss to third party properties or persons.
Commercial Vehicle
Commercial vehicle insurance is a specific type of insurance that covers damage caused by or to a commercial vehicle. It covers both parties engaged in the accident in the event of accident.