Vehicle insurance

.Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) insurance for cars, trucks, motorcycle and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions sand against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.

Commercial Vehicle Insurance

Commercial Vehicle Insurance in India provides cover for all the vehicles which are not used for personal purposes like trucks and HMVs. The amount of premium depends on the showroom price of the vehicle at the commencement of the insurance period, make of the vehicle and the place of registration of the vehicle. The auto insurance generally includes: • Loss or damage by accident, fire, lightning, self ignition, external explosion, burglary, housebreaking or theft, malicious act • Liability for third-party injury/death, third-party property and liability to paid driver • On payment of appropriate additional premium, loss/damage to electrical/electronic accessories The auto insurance does not include: • Consequential loss, depreciation, mechanical and electrical breakdown, failure or breakage • When vehicle is used outside the geographical area • War or nuclear perils and drunken driving

Electric Vehicle Insurance

The electric vehicle industry in India is a growing industry. The central and state governments have launched schemes and incentives to promote electric mobility in the country and some regulations and standards are also in place. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions sand against liability that could also arise from incidents in a vehicle. EV Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of ev vehicle insurance vary with legal regulations in each region.