motor insurance protects your vehicle against losses arising from unforeseen risks.it basically covers financial losses arising from accidents, theft and other natural calamities. motor insurance is a contract for an automobile in which the insurance company agrees to pay for your financial loss resulting from a said specified event. motor insurance provides financial cover not only to you but also covers damages to third party. motor insurance also protects you from losses arising from natural calamities like cyclone earthquake etc.
TYPES OF MOTOR INSURANCE
2).liability insurance (third party insurance).