MANAGEMENT

Detailed explanation-1: -This is the basic policy and is mandatory for driving on public roads. It includes damage to third-party vehicles, injuries to third parties, medical costs and death of third parties.

Detailed explanation-2: -Liability Only Policy covers any legal liability you may face that occurs out of damage or loss to a third party only-including death, injury, and/or property damage in the event of an accident that involves your insured vehicle. This is following the stipulations laid out by the Motor Vehicles Act, 1988 .

Detailed explanation-3: -Basic car insurance is a policy that only includes liability coverage. It helps cover the damage you may cause to other people and their property. That can include medical bills, repair or replacement of property and legal fallout. Almost every state has minimum basic auto insurance limits for their drivers.

Detailed explanation-4: -Liability coverage is an important insurance protection. Bodily injury and property damage liability coverages provide compensation for injuries to others, and for the damage your vehicle does to another person’s property if you cause an accident.

Detailed explanation-5: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.