Motor Insurance (also known as Vehicle Insurance, auto insurance, car insurance) is insurance purchased for cars, trucks and other vehicles. It is primarily use to provide protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.
Motor Insurance can cover some or all of the following items:
- The insured party
- The insured vehicle
- Third parties (car and people)
Different policies specify the circumstances under which each item is covered. For example, a vehicle can be insured against theft, fire damage, or accident damage independently.
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