
Publihed On
June 22, 2023
Author
HN Finance
Category
Risk Management
Accidents and unforeseen events can disrupt your journey. Vehicle insurance ensures peace of mind while protecting your car, bike, or other vehicles.
Why Vehicle Insurance is Mandatory:
Covers damages to your vehicle or third parties.
Mandatory under the Motor Vehicles Act.
Types of Vehicle Insurance:
Third-party liability: Mandatory and basic coverage.
Comprehensive insurance: Covers damages to your own vehicle as well.
What to Look For in a Policy:
IDV (Insured Declared Value), premium rates, and claim settlement ratio.
Conclusion:
With the right vehicle insurance, your journey is always protected.
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