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Insurance coverage companies usually provide all-in/combined single limit insurances of fifty Million Euro or one hundred Million Euro (about 141 Million Dollar) for bodily damage, property injury and different monetary/fortune loss (usually with a bodily injury protection limitation of 8 to 15 million euro for EVERY bodily injured particular person). Auto Insurance coverage in India is a obligatory requirement for all new autos used whether for commercial or personal use.
The most affordable insurance policies that are out there on the market only cowl the state-required minimum insurance. This means that there might be no funds provided by the insurance coverage company to cowl the medical payments or car harm of the driver. Moreover, these low cost insurance policies provide no coverage within the occasion that a vehicle is vandalized, damaged, or stolen. In case your automotive is broken when you have an affordable policy, you might be on your own to restore or substitute it.
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