Car insurance is a type of motor insurance policy that protects vehicle owners from financial losses arising from accidents, theft, fire, vandalism, or natural calamities. It also covers third-party liabilities, which include damages or injuries caused to another person or their property. Car insurance policies are generally available in two types — Third-Party Liability Insurance (mandatory by law) and Comprehensive Insurance (which includes both own damage and third-party coverage). It ensures peace of mind by reducing out-of-pocket expenses during unforeseen events and maintaining compliance with legal requirements.
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