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Answer. Yes, motor insurance is mandatory in India. You have to have at least a third-party car insurance policy in India. It is a statutory requirement as per the Motor Vehicles Act, 1988.
Answer. At Liberty General, there are two types of car insurance: 'Liability Only' or Third-Party Car Insurance: Third-party insurance is essential and mandatory for every car on the road. It only covers loss or damage suffered by a third party in case of an accident in an insured vehicle. A 'Liability Only' policy does not cover any loss or damage to the insured vehicle or the insured. Comprehensive Car Insurance: This policy Includes loss or damage to the insured as well as the third-party, in case of theft or accident.
It is an insurance policy that protects car against damage or loss resulting from an accident, theft or any other third-party liability. You can buy car insurance online or by visiting a nearest Liberty General Insurance branch.
Answer. Yes. Insurers generally offer car insurance policies for 12 months. So you will have to renew your car insurance every year. If you like, you can buy car insurance online. In this way, you can get benefits like better premiums, minimal paperwork, and much more.
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