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Motor Insurance is also known as vehicle insurance, it is purchased for cars, trucks, bikes, etc. It provides coverage against theft, physical damage, etc to the vehicle that are caused due to the man made or natural calamities.
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When you file a claim, your car insurer will employ a rather complex formula to ascertain the amount payable. This formula factors in depreciation, leaving you to pay a hefty fraction of the overall costs.
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Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles.Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance.
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