News From Press Motor insurance policy provides total loss benefit against car accident: What it means for you?

Motor insurance policy provides total loss benefit against car accident: What it means for you?

Source: Economic Times Mar 8, 2019

When you buy a standard motor insurance policy, the insurer may often tell you the policy will provide you total loss benefit in case of a car accident. However, in reality, you should know that this does not mean that the insurer will cover the complete replacement cost against the claim made by you.

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