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What is Car Insurance?


Car insurance helps protect a car from unprecedented hazards. It is a contract between the car owner and an insurance company that helps the owner minimize the costs incurred in the event of an accident that damages the car and Third Party Damages. In return for the premium that the car owner pays, the insurance company reimburses the costs of repairs and assures in terms of third party loses. As per the law, it is mandatory for cars plying public roads to have a valid Third Party car insurance in place.


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