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What Are The Different Types Of Car Insurances Available In The Market? |
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Answer» It is very important to get the requisite insurance cover while you own a car. Car Insurance is mandatory in India as per the law. Basically there are two types of insurance available in the Indian market i.e. Third PARTY Insurance: It is a mandatory insurance for all the VEHICLES. In case your vehicle meets an accident and the other vehicle is damaged or person is injured, in such SITUATION, the third party insurance provides financial compensation for such losses. It is very important to get the requisite insurance cover while you own a car. Car Insurance is mandatory in India as per the law. Basically there are two types of insurance available in the Indian market i.e. Third Party Insurance: It is a mandatory insurance for all the vehicles. In case your vehicle meets an accident and the other vehicle is damaged or person is injured, in such situation, the third party insurance provides financial compensation for such losses. |
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