Comprehensive car insurance in India provides extensive coverage for your vehicle. It includes coverage for third-party liability (in case you damage someone else’s property or injure them) and protects your car extensively.
Hence, you must have a clear understanding of comprehensive car insurance meaning. So, let’s take a deep dive and decipher what this category of insurance offers and why investing in it is necessary.
Comprehensive Car Insurance Coverage
A comprehensive car insurance policy is like a safety net for your vehicle, covering a wide range of risks beyond simple accidents. Here’s how it works.
Protection from Various Threats:
Comprehensive car insurance is a wise choice in a country like India. Here, the road conditions and unexpected events can pose significant vehicle risks. The policy covers damages caused by accidents, theft, fire, natural disasters like floods and earthquakes, vandalism and animal collisions. This means whether your car gets damaged in a road accident, stolen, or affected by a natural calamity, your car insurance policy will step in to help cover the repair or replacement costs.
Claim Process:
If any of these events happen to your car, you can file a claim with your insurance company. They will assess the damage and, if it is covered, offer funds to repair or replace your vehicle.
Deductible:
You will usually have to pay a deductible, which is an agreed-upon amount, before your insurance kicks in. This is like your contribution to the repair or replacement cost.
Exclusions:
It is essential to know the exclusions and limitations in your car insurance policy, such as regular wear and tear, mechanical breakdowns or damage caused by uninsured drivers.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the relevant industry. It is advised to verify the relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.