MANAGEMENT

Detailed explanation-1: -This insurance covers all vehicles that are not used for personal use. his type of insurance covers all those vehicles which are not used for personal purpose.

Detailed explanation-2: -Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.

Detailed explanation-3: -What is Fleet Insurance? Fleet insurance is a type of insurance that will cover four or more vehicles under one policy. This type of insurance is generally used by companies that use many vehicles for commercial or personal purposes.

Detailed explanation-4: -Your commercial auto insurance policy covers the property damage and medical expenses that might arise in an accident. It also pays for third-party liabilities and legal expenses, if any. You can choose a policy depending upon the coverage you want according to your business and the type of vehicle you have.

Detailed explanation-5: -There are three different types of insurance-Private Car Insurance, Two-wheeler Insurance, and Commercial Vehicle Insurance.