Motor Private Insurance is a type of insurance policy that provides coverage against damages or losses to a private car owned by an individual. There are two types of Motor Private Insurance policies available: Third-party and Comprehensive insurance.
However, third-party insurance does not cover damages or losses to the policyholder's vehicle. Therefore, any repairs or replacement costs for the policyholder's car will have to be borne by the policyholder themselves. Comprehensive Insurance: This type of insurance provides coverage against damages or losses to the policyholder's car and also covers the policyholder's liability to pay for damages caused to third-party property or injuries caused to third-party persons by the policyholder's vehicle. Comprehensive insurance covers a wide range of risks, including theft, fire, natural disasters, and accidents. It also covers damages or losses caused to the policyholder's car due to factors such as vandalism or malicious damage. Comprehensive insurance policies typically have a higher premium than third-party insurance policies due to the broader coverage provided. It is important to note that both third-party and comprehensive insurance policies have exclusions and limitations, so it is essential to read and understand the policy terms and conditions carefully before purchasing a policy