The motor insurance covers cost of repairs in case your car gets damaged due to unforeseen events like accidents theft or natural calamities. Thus, a motor insurance cover will considerably reduce the financial stress you may have to face during crises.
When purchasing motor insurance policy, it would be beneficial to opt for a comprehensive motor insurance;policy such as ICICI Lombard Motor Insurance. This policy offers several benefits which can come handy during any unfortunate situation like an accident and help avert panic. Your car can get damaged during an accident and the cost of repairs can burn a hole in your pocket if you are not sufficiently prepared.
With coverages under motor insurance from ICICI Lombard, you may not need worry about repair charges. You may avail of cashless claims in the insurance provider’s network of over 2900 garages located across India. This wide network makes locating a garage convenient. With this feature, you are not expected to pay for the cost of repairs for your damaged insured car. The bill is settled by the insurance company and you are spared the hassle of arranging for funds on a short notice.
The coverages under third party liability offered by this motor insurance is the minimum coverage level which every car must possess. With this cover, reimbursement for damages to another person for permanent injury or death as also damage to another person’s property is taken care of. Legal action initiated against the owner involved in an accident is also covered by this insurance.
ICICI motor insurance may also offers the coverage for zero depreciation which may allows the policy holder to get full claim coverage on the value of replaced damaged car parts without any deductions. This cover can be purchased additionally and with the payment of a slightly higher premium, you can get damaged car parts replaced without any deduction in their current value. Your motor insurance from ICICI Lombard may also provide assistance for towing on breakdown. This enhances the convenience and helps save money in the long run.
Coverage for personal accident may be offered by ICICI Lombard Motor Insurance as a part of the original coverage without paying any additional premium. This cover is beneficial if the driver-owner is injured in an accident while riding the vehicle as one can avail of treatment for injuries up to the sum insured selected. You can also secure your co-passengers by purchasing an optional personal accident cover and stay stress-free even during an unfortunate event like an accident.
Thus, your ICICI motor insurance takes care of several possible risks which you may encounter during an unfortunate event and offers monetary respite for the same.