ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.

Detailed explanation-2: -Therefore, damage or loss to your car because of fire is covered under the comprehensive plan. However, such damages are not covered in third-party insurance.

Detailed explanation-3: -As the name suggests, a comprehensive car insurance policy is a type of car insurance policy which covers a policyholder against the damages sustained by both the parties involved in an uncertain event like fire and accident.

Detailed explanation-4: -Motor insurance provides coverage for your vehicle against damage, accidents, vandalism, theft, etc.

Detailed explanation-5: -Comprehensive coverage protects your vehicle from unexpected damage, such as a tree branch falling on it or hitting an animal, while collision coverage protects against collisions with another vehicle or object.