Motor Private Insurance policy provides cover for insured’s vehicle against financial loss and legal liability arising from accidental damage, fire, theft and malicious damage.
There are 3 types of coverage under motor insurance:
- Third Party: Covers third party bodily injury and property damage arising out of a vehicle accident.
- Third party Fire & Theft: Cover extends to cover theft, fire, third party bodily injury and property damage.
- Comprehensive: Covers third party liability and property damage to the vehicle i.e. damage arising out of fire, theft and accidental damage to the vehicle.
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