What is Motor Insurance?
An automobile insurance plan is mandatory for every vehicle owner as it covers all the damages to property in the event of an accident. Based on your requirements, you can opt for different coverages provided by the insurance companies.
Types of Motor Insurance
Although your automobile is subjected to all types of risks, you can select few of the following coverages based on your needs.
It covers accidental damages that occur on the public roads when your vehicle clashes with a stationary object or another automobile. If the cost of repair is more than the value of the automobile then collision coverage pays the total amount.
It is a useful policy which not only covers the cost of the damaged vehicle but also pays the medical bills of the insured injured in the accident.
A comprehensive coverage provides protection to your automobile against natural calamities, theft, fire, vandalism, falling objects and man-made destruction. Put simply, you get coverage for non-collision damages.
Third Party Insurance
It is compulsory to buy the coverage in order to provide legal protection to the third party. As a result of reckless driving of the insured, the third party could get subjected to severe injuries. It also covers passengers in your vehicle who are not responsible for the accident.
Benefits of Motor Insurance
A standard automobile insurance policy provides financial safety against the following risks:
- Accidental damages to the vehicle
- Lawsuits filed by the third party
- Bodily injuries in the event of an accident
Why Compare Motor Insurance at GIBL?
As motor insurance comparison saves money and time, you must visit the comparison site of GIBL. Here, it is possible to get a cost-effective vehicle insurance plan as we offer affordable policies from leading insurance companies.
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