Insurance got you feeling like a fish out of water? Drop us a question and our team will cast a net of knowledge. Join the thousands who've found answers with us!
Need car insurance
Hello Sevya, Thanks for reaching out. Please visit here for more information on car insurance
Also, Third-party insurance covers damages to the other party's life and property in an accident involving your car. While this type of insurance is a good way to protect yourself, it is not mandatory according to the Motor Vehicles Act. However, if you do not have a separate personal accident insurance policy, you are required to purchase a personal accident cover of at least 15 lakhs, as this is a legally mandated coverage.
Comprehensive insurance, on the other hand, covers theft or damages to your vehicle in addition to third-party coverage. This type of insurance is especially important if you plan to keep your car for a long time, as it will protect you against financial losses resulting from any mishap with your vehicle. As with third-party insurance, you must purchase a personal accident cover of at least 15 lakhs if you do not have a separate personal accident insurance policy.
