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Motor
/ Car Insurance:
Vehicle
insurance (or auto insurance, car insurance, motor insurance)
is insurance people can purchase for cars, trucks, and other
vehicles. Its primary use is to provide protection against
losses incurred as a result of traffic accidents.
Insurance
can cover some or all of the following items:
1. The insured party
2. The insured vehicle
3. Third parties
Different
policies specify the circumstances under which each item is
covered. For example, a vehicle can be insured against theft,
fire damage, or accident damage independently.
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Clear your
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