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Saturday, May 23, 2009

Motor Insurance


In the modern busy world motor accidents have become order of the day. One or two accidents are sure to happen every day. In the olden days, persons who were injured or killed due to negligence of the motorists could not get financial redress either to them to their legal heirs because no scheme of insurance was present at that time to mitigate the financial hardship caused to them. The motorists also had to bear the loss of damage to their vehicles. In order to safeguard the motorists and the general public against the risk connected with motor vehicles and involved in road, an exclusive insurance scheme has been developed known as motor insurance. The motor insurance covers the accidental loss of or damage to any motorised vehicle used on public roads.

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