Types of Motor Insurance:
Broadly there are two types of insurances policies that offer motor insurance cover:
- Liability Only Policy (Statutory requirement)
- Package Policy (Liability Only Policy + Damage to owner’s Vehicle usually called O.D Cover
Remember that if you take only a Liability Only Policy, damage to your vehicle will not be covered. Hence, it would be prudent to take a Package Policy which would give a wider cover, including cover for your vehicle.
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