what-is-one-of-the-five-types-of--vehicle-insurance? or one of the five types of vehicle insurance is :

we are going to be talking about insurance. well we

this time we're going to talk about

types of insurance.

Insurance content happen on simplified.


there are two types of vehicle

insurances for cars or motorcycles.

* Liability or third party vehicle insurance.
you can buy either of them separately by

the way or you can add those two up and

get yourself a comprehensive insurance

plan as simple as that let's talk about

third-party vehicle insurance right now.

Liability or third party vehicles insurance : 
this is mandated requirement by the

government by the way in the motor

vehicles act. so please go get yourself a

third party vehicle insurance what it

really means is that it well keeps you

clear of any Financial liabilities that

might arise because you rammed into

someone you did not indicate and someone

rammed into you all the losses and the

damages that can occur to a third

party well that's covered by third party

insurance.or like as you make damage to 

other any person vehicle and that vehicle so 

much costly. Than that third person want to 

cover his loss by you. Than you can claim to 

your insurance for covering that third 

person loss.

Your insurer company will pay to this third 

parti person to whom vehicle you make 

damage. This is eig advantage of third parti 

insurance that damage budget is out of your 

financial potential than you can pay to that 

third person by your insurance claim.

 so it's like a financial

cushion of course to fall back on when

things go south so that you don't have

to reach out into your pocket. only to

see you have no money left to pay to the

third person the third party so what are

these third parties that we speak of

well you're on the first party.

 by the way the company you purchase the

insurance from let's say that's the second

party and in case of an unfortunate

incident you create damage for some

third party well then that's the third

party. for example if you severely injure

someone in such harsh incidents the

third party insurance will cover the

charges for the third person.

the person that you caused the damage to and

thereby you're covered by third party

Insurance.

will also give you up to three years of

third-party vehicle insurance and that

means basically you don't have to have

the headache of renewing your policy

annually. because everybody knows that's

a headache the only drawback of a third

party insurance is that only the third

party is covered financially.

 you are not covered with a third party 

insurance. right and so obviously for that 

you require the own damage Insurance the

second type of insurance that we spoke

of so it's the type of insurance that

provides coverage for the damage to the

policyholders vehicle. it's kind of like

your first line of defense against

forces of nature. you could say typhoons,

floods, earthquakes, vandalism that

happens Cyrus does that a lot accidents,

total damage or theft. 

now you can call on for against these for

damages cost to your car so if you do damage

your ride or car while driving in a

natural or unnatural incident. well then

don't worry just get yourself on damage

insurance. it's important and cover the

finances so that you don't have to reach

out to your pocket but here's the fun

part now the good Folks at Empower you to 

hand.

craft your own insurance policies by the

way with add-on benefits you know there

are up to 11 add-ons and you'll be

surprised. how much insurance company cover 

you know it's like making your own Subway 

whether you want onions veggies to be going 

in there with sauces maybe you want to cover 

your personal belongings that got stolen.

because the car somebody broke into it

yes they cover that consumable expenses

like engine oil coolants check they

cover that you want a zero debt policy.

well they cover that if you want to

explore this and more of these add-ons

and what the policies are going to do

for you and how good they are well. just

Comment.

 we're thrown it out being on

the road guys Misfortune will find you

it's not a question of if it's a

question of when unfortunately unities

and the best thing that you and I can do

is you know be prepared and the best

thing is to have insurance policies no

doubt at such times your safety also

comes as much as your vehicles and so

you're going to need the insurance

policies. uh to stay covered next up we

are going to talk about you know that

big headache that people have to

undertake which is how to make claims.

you know Insurance Services like online

support on-site support by the insurance

companies. the steps you need to take you

know to take advantage of the insurance

policy that you have all of this and

more coming up next on simplified thanks

a lot.