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.