Motor Insurance
What is Motor Insurance?
Motor insurance is essential for every vehicle owner. It not only protects your car or two-wheeler from financial loss due to accidents, theft, or damage but also ensures compliance with legal requirements in India.
At Novasure, we help you choose the right motor insurance plan that safeguards your vehicle, your finances, and your peace of mind.
Motor insurance is a policy that provides financial protection against damages to your vehicle and liabilities arising from accidents involving your car or bike. It also covers third-party injuries or property damage, as required by law.
Motor insurance is mandatory in India for all vehicles driven on public roads.
Types of Motor Insurance
Standalone Own Damage Insurance
Insurance for bikes and scooters with comprehensive and third-party options.
Third-Party Insurance
Mandatory coverage for damages caused to third parties.
Comprehensive Motor Insurance
All-round coverage including own-damage and third-party protection.
FAQs
Why Motor Insurance Is Important
Motor insurance protects you from unexpected expenses caused by road accidents or mishaps.
Key Benefits of Motor Insurance
- Financial protection against vehicle damage
- Coverage for third-party liabilities
- Protection against theft and natural calamities
- Legal compliance with motor vehicle laws
- Peace of mind while driving
Motor Insurance for Cars and Two-Wheelers
Car Insurance
Protects private cars against accidents, theft, fire, and third-party liabilities.
Two-Wheeler Insurance
Covers motorcycles and scooters against damage and legal liabilities.
What Does Motor Insurance Cover?
Motor insurance coverage typically includes:
- Accidental damage
- Theft or total loss
- Fire and explosion
- Natural calamities (flood, earthquake, storm)
- Man-made disasters (riots, vandalism)
- Third-party injury or property damage
What Is Not Covered?
Common exclusions include:
- Normal wear and tear
- Mechanical or electrical breakdown
- Driving without a valid license
- Driving under the influence of alcohol
- Consequential damages
Understanding exclusions helps avoid claim rejections.
Add-On Covers in Motor Insurance
Enhance your policy with add-ons such as:
- Zero Depreciation Cover
- Engine Protection Cover
- Roadside Assistance
- Return to Invoice
- Consumables Cover
Add-ons provide extended protection beyond basic coverage.
No Claim Bonus (NCB)
No Claim Bonus is a reward offered for not making any claims during the policy period.
Benefits of NCB:
- Lower renewal premium
- Transferable between insurers
- Can reach up to significant premium discounts
How to Choose the Right Motor Insurance Plan
Consider the following factors:
- Vehicle age and value
- Usage pattern
- Location and traffic conditions
- Add-on requirements
- Claim settlement reputation of insurer
Novasure helps you compare plans and choose the most suitable coverage.
Motor Insurance Claims Process
Claims can be:
- Cashless – Repairs at network garages
- Reimbursement – Claim settlement after paying repair costs
Novasure assists you throughout the claims process to ensure smooth resolution.
Why Choose Novasure for Motor Insurance?
- Comparison of multiple insurers and plans
- Transparent explanation of coverage and exclusions
- Assistance during policy purchase and renewal
- Support during claims and endorsements
- Customer-first advisory approach
Drive with Confidence with Novasure
Motor insurance ensures your journeys are safe and worry-free. Novasure helps you protect your vehicle with the right insurance coverage tailored to your needs.