Motor Insurance Explained: Is Third-Party Car Insurance Enough? Know Before You Buy

Motor insurance has two key components: third-party insurance and own-damage insurance. Third-party insurance is mandatory in India and covers damages or injuries caused to another person or their property. Deepak Yohannan, Insurance Expert, explains that own-damage insurance protects your vehicle against covered risks such as accidents, dents, and other damage. When both third-party and own-damage covers are combined, the policy is known as comprehensive motor insurance. Understanding these differences is important before buying a policy, as mandatory third-party cover alone may not provide protection for your own car.