Monday, August 30, 2021

Comprehensive insurance cover may make new vehicles costlier by up to 10%

As per a Madras HC landmark judgement, vehicle owners now have to purchase mandatory ‘bumper to bumper’ cover, which means that along with the compulsory third-party insurance policies, consumers would also have to purchase motor own-damage (OD) insurance, as well as accident covers for co-passengers.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/comprehensive-insurance-cover-may-make-new-vehicles-costlier-by-up-to-10/articleshow/85785319.cms

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