Motor Insurance

MOTOR COMPREHENSIVE INSURANCE / AUTO INSURANCE

Motor insurance (also known as auto insurance, GAP insurance, car insurance, or Vehicle insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.

The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.

Coverage typically includes:

• Property coverage: for damage to or theft of the car
• Liability coverage: for the legal responsibility to others for bodily injury or property damage
• Medical coverage: for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses

Third Party Liability

Under this policy the company compensate the insured in the event of an accident caused by or arising out of the use of the motor vehicle subject to the limits specified in this policy, against all sums which the insured shall become legally liable to pay as compensation.

Death or bodily injury to any person including the passengers in the vehicles, except the insured or the driver at the time of the accident and their families spouse, parents and children and the employees of the insured if they are injured during the working hours or as a result of their work.

Damages for materials and property, except those owned by the insured or the driver at the time of the accident or property held in trust or in their custody or control.