Motor Vehicle Insurance or car insurance is insurance purchased for cars, trucks, and other vehicles. Its primary use is to protect you against losses incurred as a result of traffic accidents and against liability that could be incurred if in an accident.
Owning a car involves several risks.
When a car accident occurs, people may be injured and vehicles (or other property) may be damaged. Damage, or loss, can also occur through theft, vandalism, or natural disasters. Motor vehicle insurance protects you against this risk.
There are three basic types vehicle insurance:
> Third party insurance – this offers ‘basic’ protection against the damage or loss to another vehicle or party – your own vehicle is not covered.
> Third party fire and theft – this covers you for damages caused by fire, and theft to your vehicle as well as the third party property damage.
> Full comprehensive insurance – here you are covered for damage to your own vehicle and to the vehicle of the other party / parties.
For advice on your best type of vehicle insurance and a quote