Different types of motor insurance-motor-insurance

Well, motor insurance certainly includes all of the on-road vehicles and coverage is also provided for specific segments. The most prominent types of motor insurance are as follows -Two wheeler insurance – This insurance policy includes coverage for the bikes and scooters. In this, the premium amount entirely depends upon the actual value of the vehicle. Car insurance – For the uncertainty like accidental damage or theft for a third party or own car, coverage is provided. Many of the insurance policies include different premium which overall depends upon the vehicle. Commercial vehicles – The major risk related to commercial vehicles is an accident only. As they are basically goods carrying vehicles, their insurance must be done without any second thought. Third party Insurance – While driving if any other person has been injured by you then coverage is provided for this cause. It does not include the direct benefits. The liabilities are provided for serious injuries and damage.