IV. VEHICLE INSURANCE
- Third Party Motor Insurance: This policy covers damage to third parties arising from auto crashes Here, only the third party is indemnified.
- Fire and Theft Insurance: This policy covers risks associated with damage to vehicle through fire and/or theft. Third party liability is also covered.
- Comprehensive Insurance: This is a policy covering risks on vehicles such as third party liability, fire. theft and in some cases, diminution in value of the vehicle.