What is car insurance in Pakistan?
Car Insurance in Pakistan. Auto insurance is one of the most essential types of insurance plans that meet the needs of most people. It is extremely crucial that you own car insurance so that you can be protected in the event of a car accident or your car getting car stolen.
What is a car insurance policy?
Car insurance is a contract between the customer and the insurance company covering financial and personal loss in case of any damages or loss to the vehicle. Car insurance providers offer different insurance plans and premium packages. However, purchasing a car insurance policy can be challenging for customers.
What is third-party car insurance in Pakistan?
Third-party car takaful offers cover against any legal liability to a third party caused when you are at fault. It covers any damage or injury caused by the insured, to another person or property. A third-party liability cover is made mandatory in Pakistan under the Motor Vehicles Act,1939.