Auto / Motor Insurance
1988. There are 4 type of broader classification
Car Insurance
All Kind of Private cars
2 Wheeler Insurance
All Kinds of 2 Wheelers
Commercial Vehicle Insurance
All Kind of Commercial Vehicles like Taxis, School Buses, Good Carrying Vehicle & Passenger Carrying Vehicles etc.
Miscellaneous - D
All kinds Ambulances, Loaders, Tippers, forklift etc.. comes under this.
There Are Primarily Two Types Of Motor Insurance Policies Available
![](https://assurein.in/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-21-at-1.02.09-PM.jpeg)
Third-Party Liability Insurance
This is the minimum legal requirement for all vehicles in India. It covers the liability of the vehicle owner or driver towards a third party for injury, death, or property damage caused by the insured vehicle.
Coverage
- Injury or death of a third party.
- Property damage caused to a third party.
Comprehensive Insurance -
Also known as “Package Policy” or “Own Damage Policy,” this type of insurance provides coverage for damage or loss to your own vehicle in addition to third-party liability coverage. It is not mandatory but highly recommended, especially for new and expensive vehicles.
Coverage -
- Damage to your own vehicle due to accidents, fire, theft, natural calamities (like floods, earthquakes), and man-made events (like riots, vandalism).
- Personal accident cover for the owner-driver.
- Third-party liability coverage.
- Optional add-ons like zero depreciation cover, engine protection, consumables cover, etc.
![](https://assurein.in/wp-content/uploads/2023/09/WhatsApp-Image-2023-09-22-at-1.30.03-PM.jpeg)
Additional Coverages And Add-Ons That You Can Opt For Under Comprehensive Insurance Include
![depreciation (1) depreciation (1)](https://assurein.in/wp-content/uploads/2023/12/depreciation-1.png)
Zero Depreciation Cover
This add-on eliminates the deduction of depreciation from the claim amount for parts replaced in case of damage.
![endpoint endpoint](https://assurein.in/wp-content/uploads/2023/12/endpoint.png)
Engine and Gearbox protection
It covers damages to the engine due to water ingression or hydrostatic lock.
![consumer consumer](https://assurein.in/wp-content/uploads/2023/12/consumer.png)
Consumables Cover
This covers expenses for consumable items like engine oil, nuts, bolts, and screws that are not typically included in a standard policy.
![bill bill](https://assurein.in/wp-content/uploads/2023/12/bill.png)
Return to Invoice
This add-on ensures that you receive the original invoice value of your vehicle in case of theft or total loss.
![personal-data personal-data](https://assurein.in/wp-content/uploads/2023/12/personal-data.png)
NCB (No Claim Bonus) Protection
Protects your NCB discount even if you make a claim during the policy period.
![roadside (1) roadside (1)](https://assurein.in/wp-content/uploads/2023/12/roadside-1.png)
Roadside Assistance
Provides help in case your vehicle breaks down on the road. It includes services like towing, tire change, and fuel delivery.
![bill bill](https://assurein.in/wp-content/uploads/2023/12/bill.png)
Key & Lock Cover
This add-on ensures that you receive the original invoice value of your vehicle in case of theft or total loss.
![personal-data personal-data](https://assurein.in/wp-content/uploads/2023/12/personal-data.png)
Loss of personal belongings
Protects your NCB discount even if you make a claim during the policy period.
![roadside (1) roadside (1)](https://assurein.in/wp-content/uploads/2023/12/roadside-1.png)
Tyre Protect
Provides help in case your vehicle breaks down on the road. It includes services like towing, tire change, and fuel delivery.