Vehicle Insurance

Vehicle insurance is a contract between the policyholder and the insurance company that offers financial coverage for damages or losses caused to a vehicle due to accidents, theft, fire, natural calamities, or man-made incidents. It also covers third-party liabilities, including injury or property damage caused to others by your vehicle. In many countries, having at least third-party vehicle insurance is legally mandatory. There are mainly two types of policies: Third-Party Liability Insurance (covers damage caused to others) and Comprehensive Insurance (covers own vehicle damage plus third-party liability). Add-on covers like zero depreciation, roadside assistance, and engine protection can enhance the policy further.