Motor insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
Benefits of taking a NIIC Motor Insurance Cover
- Covers loss or damage occurred to the insured due to accidents.
- Covers loss or damage to the vehicle due to accident, theft, self-ignition, fire, explosion, riots, and natural calamities.
- Covers financial liability occurred due to loss or damage to third party or third party property.
types of motor insurance covers
Motor third Party
Covers third party bodily injury and property damage arising out of a vehicle accident.
Third party Fire & Theft
Cover extends to cover theft, fire, third party bodily injury and property damage.
Covers third party liability and property damage to the vehicle i.e. damage arising out of fire, theft and accidental damage to the vehicle.