Motor Insurance or vehicle Insurance is all about protecting against financial losses arising out of vehicle usage. Auto Insurance is one of the most common types of general insurance products.
Car Insurance is mandatory by law and protects you and the people riding in your car from any legal claim or penalty made by a third party. Family members who may drive you car can also be covered through auto insurance. Your car insurance policy is the most important document in your vehicle. Along with comprehensive coverage against physical damage, bodily injury and cover against third-party liability, your motor insurance brings to you confidence and peace of mind. All this is backed by our superior claims servicing capability and fast settlement record for vehicles insured by us.
Like other forms of insurance, travel policies cover specific events up to predetermined coverage limits. Coverage limits determine policy premiums, which are paid upfront when the policy is purchased or on long-term policies’ renewal dates. Covered risks and exclusions vary significantly by policy type, insurer prerogatives, and travel preferences, but typically include
Trip interruptions due to non-excluded events
Cancellations (entire trip or components thereof)
Lost or delayed baggage
Carrier or service provider failures
Emergency evacuations (due to physical perils and medical emergencies)
Theft and other crimes (to learn how to minimize your risk of theft while traveling, check out the common types of theft abroad)
Medical treatment
Accidental death (including transportation of remains)
Accidental dismemberment (compensation for dismemberment caused by non-excluded incidents)