MANAGEMENT

Detailed explanation-1: -Third-party insurance offers protection against damages to the third-party by the insured vehicle. It covers physical injuries, damages to the vehicle, damage to the property, and death.

Detailed explanation-2: -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-3: -Liability Coverage: Covers the repair/replacement cost of the damaged property (or third-party) Covers the medical bills of the third party due to hospitalization or medical treatment. Vehicle owners should buy minimum liability insurance as per the legal obligation and the insurance policy will cover the same.

Detailed explanation-4: -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.

Detailed explanation-5: -It covers medical costs incurred in the treatment of the injured driver and passengers. It gives financial aid in case of the death of owner-driver/passengers. It provides disability liability cover to the owner-driver and passengers of an insured car.