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However it needs to be noted that only third party insurance is compulsory.
Car insurance explained india. We want to. Two wheeler insurance is another type of popular auto insurance in india. Car insurance is a mandate in india as per the indian motor act. It is governed by the indian motor tariff.
Indian law makes it compulsory for new car buyers to avail insurance coverage against third parties in case of claims arising from accidental injury or death. In india three types of car insurance policies are offered by all the general insurance companies. We share all the details with you. Note too that personal auto insurance will generally not provide coverage if you use your car to provide transportation to others through a ride sharing service such as uber or lyft.
The new types of car insurance are 4 of them. Fire rockslide landslide storm hurricane flood earthquake burglary theft riots or any damage caused to the vehicle in transit by road air inland waterway or rail. Car insurance auto insurance offers financial protection to car owners from various risks to their vehicles. We share all the details with you on them.
Which is the best car insurance for you. The insurance companies will design various kinds of products as per the needs of customers. Some auto insurers however are now offering supplemental insurance products at additional cost that extend coverage for vehicle owners providing ride sharing.
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