Motor Insurance Policy
Motor insurance policy, also known as auto or car insurance policy, provides coverage for vehicles against various risks. It is a legal requirement in many places, aiming to protect vehicle owners from financial losses associated with accidents, theft, or other damages to the insured vehicle, as well as liability protection for third-party injuries or property damage.
Add-On
Zero Depreciation Cover - Eliminates the deduction of depreciation on the value of parts replaced during repairs, providing more comprehensive coverage.
Roadside Assistance - Offers services like towing, fuel delivery, and minor repairs in case of breakdowns or emergencies.
Engine Protection - Covers damages to the vehicle's engine and its parts.
Return to Invoice (RTI) Cover - Ensures reimbursement of the original invoice value in case of total loss or theft of the vehicle.
Consumables Cover - Covers expenses for consumables like lubricants and brake fluid during repairs
Exclusions
2. Negligence or Unauthorized Use
3. Wear and Tear
4. Driving Without a Valid License
5. Use Beyond Policy Term