BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.

Detailed explanation-2: -It helps pay to repair damage you cause to another person’s vehicle or property. Property damage liability coverage is required by law in most states. It typically helps cover the cost of repairs if you are at fault for a car accident that damages another vehicle or property such as a fence or building front.

Detailed explanation-3: -Homeowners insurance provides financial protection for your home and possessions in the event of sudden and accidental damage. It helps you smoothly recover from things like fire, lightning, hail, theft or vandalism.

Detailed explanation-4: -Accidental damage covers any kind of unintentional damage to the contents and fittings of your home, such as: Television set, refrigerator, air conditioner and other electrical devices and appliances. Furniture and fixtures.

Detailed explanation-5: -There are a number of liabilities insurance policy available. These include third party liability, public liability, product liability, employer liability, professional liabilities, industrial risks and so on.