What you gain from buying one policy for multiple vehicles
- In a motor floater policy, all vehicles owned by the insured can be grouped into one policy.
If you own more than one vehicle or are planning to buy a second vehicle in your name, then you can opt for a motor floater insurance policy. Only a few insurers, including ICICI Lombard, sell such policies. However, before you zero in on such a policy, you should carefully read the terms and conditions to avoid any confusion at the time of claim settlement.