The three primary categories of car insurance commonly recognized across the industry include Compulsory Third Party (CTP) insurance, Third Party Property Damage insurance, and Comprehensive car insurance. CTP is legally mandated for all registered vehicles and strictly covers human injuries or fatalities resulting from an accident. Third party property damage insurance covers financial liabilities if you crash into someone else's car or property, but leaves your own vehicle unprotected. Comprehensive car insurance offers the highest tier of protection, covering damages to your own vehicle, theft, fire, and malicious damage alongside liabilities for external property.
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