Motor insurance protects insured against financial loss in the event that the motor vehicle is involved in an accident, burnt or stolen. It also covers third party liabilities.

Motor Insurance has 3 classes;

1. Third Party

This type of policy covers third party bodily injury and property damage arising out of use of motor vehicle.

2. Third party Fire & Theft cover

This policy extends to cover theft and fire from Third party. It is more expensive than Third Party.

3. Comprehensive cover

It covers third party liability and property damage to the vehicle ie damage arising out of fire, theft and accidental damage to the vehicle. Comprehensive doesn't mean that it covers all risks. There are exclusions.