The risks associated with the motor vehicle are classified into two major categories –

Act Only Liability Insurance and

Comprehensive Insurance.

      Act Only Liability Insurance

The insurer indemnifies the insured under the following circumstances :
(a)   Death of or bodily injury to any third party or any passenger of public service vehicle
(b)   Damage to property appertaining to third party
(c)   All costs & expenses incurred with the written consent of the insurer

  Comprehensive Insurance

The insurer indemnifies the insured against loss or damage to the motor vehicle and/or its accessories whilst thereon caused by

          (a)     Fire, Explosion, Self-ignition or Lightning
          (b)     Burglary, Housebreaking or Theft
          (c)     Riot, Strike or Malicious Act
          (d)     Earthquake (fire & shock)                 
          (e)     Cyclone, Flood, Hurricane, Storm, Inundation, Hailstorm or Frost
          (f)     Accidental External Means