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Definition Of Vehicle Insurance

Vehicle Insurance All types of vehicles engaged in carrying work are called vehicles. Such vehicles have to face various types of damage while moving on the road. Therefore, the agreement that the vehicle owner enters into with the insurer for the purpose of obtaining financial guarantee for the loss of the vehicle is called vehicle insurance.

The following are the major insurance policies related to auto insurance:

Motor vehicle insurance:

The owner of a motor vehicle while traveling on the road is the motor vehicle that enters into an agreement with the insurer to receive financial compensation for the accidental loss of the vehicle. Says insurance. The insurer bears the responsibility of the insured in return for a fixed premium. |

Motor cycle insurance:

Motor cycle insurance is similar to motor cycle insurance. Owner of a motorcycle due to a collision or collision in a corner while driving on the road. Motorcycles are contracts with the insurer to obtain financial compensation for accidental losses. Says insurance. The insurer bears the responsibility of the insured in return for a fixed premium.

Aviation insurance:

A large amount if the aircraft is completely or partially damaged in an accident. In case of loss, the insurance that is taken to get financial compensation for this loss is called air insurance. Biman insurance has been expanding since 1947. At present, insurance companies in all countries of the world insure aircraft.

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