The policies under motor insurance are as follows:
(i) Act liability only.
(ii) Third party only.
(iii) Comprehensive policy.
*** Comprehensive policy:
Showing posts with label Motor insurance. Show all posts
Showing posts with label Motor insurance. Show all posts
Motor insurance
Motor insurance got recently a great momentum. In
the older times, personal, who were injured or killed through the negligence of
the motorists, could not get financial redress either to them or to there legal heirs because no scheme of
insurance was present at that time. To mitigate the financial hardship caused to
the persons, the Motor vehicles Act. 1939, as amended from time to time, has
made it compulsory for the motorists to insure against the risk of liability to
third parties.
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