Motor Insurance Policy
Motor insurance also called automotive insurance is a policy that insures clients against the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident. There are many specific forms of Motor insurance that caries not only in the risks covered but also on the principles that underline these risks.
- Liability policy under covers damage to someone else’s property or for injury to other persons resulting from an accident for which the insured is judged legally liable;
- Collision Policy covers damage to the insured car if it collides with another vehicle or object.
- The most popular is the Comprehensive Insurance which covers damages to the insured car resulting from fire or theft or any other cause
- Medical Payment Insurance covers medical treatment for the policyholder and his passengers.