Comprehensive insurance cover may make new vehicles costlier by up to 10%

As per a Madras HC landmark judgement, vehicle owners now have to purchase mandatory ‘bumper to bumper’ cover, which means that along with the compulsory third-party insurance policies, consumers would also have to purchase motor own-damage (OD) insurance, as well as accident covers for co-passengers.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2WEpvxH