vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region.
vehicle insurance provides financial cover against damage caused to an insured automobile that occurs due to an accident, fire or theft. It also covers financial liability against damage caused to another person’s property in the event of an accident. Nearly every country lays down specific rules to regulate vehicle insurance within its purview. The personal driving record, type and age of the vehicle, mileage and the area are the usual factors that determine policy premium. The extent of auto insurance cover also governs the premium amount.
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