What is Car Insurance? Car Insurance (also called Motor Insurance) is a legal contract between you and an insurance company. It provides financial protection against losses or damages to your car, third-party vehicles, property, or even injuries caused in accidents. 👉 In India, Third-Party Car Insurance is mandatory under the
What is Car Insurance? Car Insurance (also called Motor Insurance) is a legal contract between you and an insurance company. It provides financial protection against losses or damages to your car, third-party vehicles, property, or even injuries caused in accidents. 👉 In India, Third-Party Car Insurance is mandatory under the Motor Vehicles Act, 1988. 🎯 Why is Car Insurance Important? Legal Requirement – You cannot drive without at least third-party insurance. Financial Protection – Covers repair or replacement costs in case of accidents. Third-Party Liability – Protects you from legal/financial liabilities if you injure someone or damage their property. Theft or Fire Coverage – Covers loss of car due to theft, fire, or natural calamities. Cashless Repairs – Many insurers have tie-ups with garages for direct claim settlement. 📌 Types of Car Insurance
