Motor Insurance
"Protect Your Ride with Motor Insurance."
Products covered Under Motor Insurnace
About MI - Motor Insurance
- What is MI? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
What is MI?
Vehicle insurance, also known as motor insurance or auto insurance, is a insurance that protects you and your vehicle against financial losses in case of any accident, theft, or natural disaster. It covers the cost of any damage or injuries caused to you or other people and their property.
Basic Coverages
Basic motor insurance coverage typically includes:
- Liability Coverage:
- Bodily Injury Liability: Covers medical expenses, lost wages, and pain and suffering for others injured in an accident you caused.
- Property Damage Liability: Covers the cost of repairs or replacement for property (e.g., vehicles, fences) damaged in an accident you caused.
- Collision Coverage: Pays for repairs to your vehicle after a collision with another vehicle or object, regardless of fault.
- Comprehensive Coverage: Covers damage to your vehicle from non-collision incidents, such as theft, vandalism, natural disasters, and falling objects.
- Personal Injury Protection (PIP): Provides coverage for medical expenses, lost wages, and other related costs for you and your passengers, regardless of who is at fault.
- Uninsured/Underinsured Motorist Coverage: Protects you if you’re involved in an accident with a driver who has no insurance or insufficient insurance to cover the damages.
These coverages may vary based on local regulations and the specific terms of your insurance policy.
Add on coverages
Add-on coverages for motor insurance enhance the basic policy and may include:
- Roadside Assistance: Provides services like towing, battery jump-starts, flat tire changes, and lockout assistance when your vehicle breaks down.
- Rental Car Coverage: Covers the cost of renting a vehicle while your car is being repaired due to a covered claim.
- Gap Insurance: Covers the difference between the amount you owe on your car loan or lease and the actual cash value of your vehicle if it’s totaled.
- Windshield/Glass Coverage: Covers the repair or replacement of damaged windows or windshields.
- Key Replacement: Covers the cost of replacing lost or stolen keys and possibly the associated lock or ignition system.
- Custom Parts and Equipment Coverage: Provides protection for aftermarket modifications or custom parts added to your vehicle.
- No Claim Bonus Protection: Preserves your no-claim bonus or discount in case of a claim, preventing an increase in premiums.
- Personal Belongings Coverage: Covers loss or damage to personal items inside the vehicle, such as electronics or luggage.
These add-ons can vary by insurer and may come with additional costs.