Your car is a high value asset and a highly valued possession. It is but natural that you insure it. Motor insurance protects you and your vehicle - against losses caused due to fire, theft, explosion, burglary, riots, strikes, earthquakes, flood, cyclones, accidents, malicious acts and terrorist activities , and damage caused by your vehicle to another person or property (Third Party Liability)
Need for motor insurance?
It is mandatory by law under the Motor Vehicle Act
Your car is one of your most valued possessions
Passengers in your car are mostly your near and dear ones
Accident, theft, damage and third party liability can arise unexpectedly
What are the exclusions under the policy?
The following are the specific exclusions under the policy:-
Wear and tear, Depreciation or any consequential loss
Fire & Explosion - Mechanical/ electrical breakdown
Deliberate accidental loss
Any contractual liability
Riot & Strike - Damage caused by a person driving the car without a valid license
Malicious Act - Damage caused by a person driving the car under the influence of alcohol or drugs
Burglary, housebreaking/ Theft
Other exclusions as per the policy terms and conditions