Vehicle insurance is a loss insurance product that protects the insured from the risk of loss.

Vehicle insurance is a loss insurance product that protects the insured from the risk of loss that may arise in connection with the ownership and use of motorized vehicles. Risks covered by vehicle insurance include: • Vehicle damage or loss due to accidents, collisions, immersion, malicious acts, theft and fire. • Damage to or loss of vehicles due to riots, riots, terrorism and natural disasters. • Third party losses due to accidents caused by the insured’s vehicle. There are two types of vehicle insurance, namely: • Comprehensive vehicle insurance (all risk), which provides protection against all risks of loss, both small and large, including loss. • TLO (total loss only) vehicle insurance, which only provides protection against the risk of loss if repair costs are estimated to be equal to or exceed 75 percent of the vehicle’s price immediately before the loss. Vehicle insurance can be purchased individually or through an insurance company. When choosing vehicle insurance, there