Motor Insurance is mandatory by law. It is a legal requirement to have a minimal level of insurance before driving a car in India. Coverage would differ by product; however following is a list of possible car Insurance coverages:
- Bodily injury liability- It covers bodily injury claims of people who get injured in an accident.
- Property damage liability- It covers property damages to third parties such as another person's car.
- Medical payments- This payment is done to the policy owner and other passengers in the policy owner’s car.
- Uninsured and under insured motorist coverage. This coverage protects you when the negligent driver has no insurance or insufficient insurance. In most states, this covers only bodily injury losses, though some states do include property damage losses.
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