MANAGEMENT

Detailed explanation-1: -When you wish to protect yourself, i.e., the owner-driver of the car, by opting for reimbursement of medical expenses after an accident, you are using personal accident car insurance coverage.

Detailed explanation-2: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

Detailed explanation-3: -A comprehensive car insurance policy offers holistic protection of third-party insurance with coverage for own damages and accidental injuries/deaths. It also provides financial protection against car theft and damages caused to the vehicle by a natural calamity or malicious act.

Detailed explanation-4: -Personal Accident Insurance-These medical insurance policies only cover financial liability from injuries, disability or death arising due to accidents.

Detailed explanation-5: -An auto insurance policy is a contract between you and an insurance company. You agree to pay the cost of the insurance policy, called a premium, and to obey the insurance company’s stated rules. In return, the insurance company agrees to pay for certain expenses associated with an accident or other covered losses.