PSP Insurance provides auto insurance for individuals and businesses, covering damage to the insured vehicle (CASCO), as well as third-party liability and protection for drivers and passengers. Coverage can be customized to the value and use of the vehicle.
The company also offers a simplified plan with full-risk coverage and a fixed limit for lower-value vehicles, making basic motor protection accessible without a full underwriting process.
What's good
- Combines CASCO and third-party liability cover
- Simplified plan available for lower-value vehicles
Trade-offs
- Simplified plan caps cover at a fixed limit
- Premium depends on vehicle value and usage
