Vehicle or Auto or Motor Insurance is procured for cars, motorcycles, jeeps, trucks, and other road vehicles. It covers the loss for physical damages and injuries caused to the property and its owner due to traffic collisions or natural entities.
It provides financial protection against automobile theft and allegations that cause liability risks.
Vehicle Insurance has to be bought compulsorily as per the regulations of the government for the benefit of securing one’s life and the vehicle.
The policyholder has to be aware of “The Third-party Insurance” which covers any losses and damages caused to the third-party person and the property.