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Ragini Khanna
Contributor
Posts: 39
Registered: ‎09-06-2017

What Motor Insurance cover should I buy?

What Motor Insurance cover should I buy? Should I buy Comprehensive Insurance or Liability Policy only?

2 REPLIES
Chandrika Nambiar
Contributor
Posts: 35
Registered: ‎23-08-2017

Re: What Motor Insurance cover should I buy?

Third Party Liability insurance is mandatory for all vehicles plying on public roads in India. This covers Liability for injuries and damages to others that you are responsible for. In addition, it is prudent to cover loss or damages to the vehicle itself by way of Comprehensive/Package policy, which covers both “Liability” as well as “Own damage” to the insured vehicle. Liability Only cover is also known as Act Only cover.

Sandip Sharma
Occasional Contributor
Posts: 13
Registered: ‎21-09-2017

Re: What Motor Insurance cover should I buy?

HDFC ERGO Motor Liability Insurance provides compulsory Personal Accident cover of Rs. 1 lac for the accidental death of the insured vehicle owner/driver and permanent total disability of the insured vehicle owner/driver.