MANAGEMENT

Detailed explanation-1: -Motor insurance provides coverage for your vehicle against damage, accidents, vandalism, theft, etc. It comes in two forms, third-party and comprehensive.

Detailed explanation-2: -Comprehensive car insurance policy : protects against any loss or damage caused to the vehicle and its insured accessories as a result of natural and man-made calamities. These calamities can be broadly classified as ‘Natural Calamities’ and ‘Man Made Calamities’.

Detailed explanation-3: -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-4: -Natural disasters such as floods, cyclones, and hailstorms are covered by comprehensive car flood insurance. A flood can cause two types of damage to your car: engine damage and accessory damage.

Detailed explanation-5: -Comprehensive policy covers damage to the car due to accidents, car theft, losses to a third party, damage to the car due to natural damages, personal injuries or death caused in an accident, damages caused in a fire.