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Insurance Article

What Does A Comprehensive Car Insurance Plan Cover

August 18 2015

A Comprehensive Car Insurance Plan

What is covered in a comprehensive plan?

  • Damage by Calamities
  • Personal Accident Cover
  • Third Party Liability
  • Zero-depreciation Cover
  • No-claim Bonus
  • Additional Covers

What is not covered in a comprehensive plan?

  • Loss after the expiry of a policy
  • General wear and tear of car and its parts
  • Damage caused to vehicle when driven by a person without a valid driving license
  • Loss to vehicle as a result of drunk driving
  • Damage to the car engine as a result of oil leakage

Know how a comprehensive car insurance plan can be beneficial

Apart from fulfilling legal liabilities, a comprehensive car insurance policy can safeguard you against financial losses arising out of unfortunate events. Read ahead to understand the scope of a comprehensive car insurance cover.

Damage by Calamities

Be it natural calamities like an earthquake or man-made ones like a terrorist attack or theft, a comprehensive car insurance plan will cover you against financially losses arising out of such events.

Personal Accident Cover

Car insurance policies do not limit their coverage for damage to the car. They extend coverage for the driver as well as the co-passengers.

Third Party Liability

Availing Third Party Liability insurance is mandatory as per the Motor Vehicle Act. Often, car mishaps results in third party damage. Third party refers to the person who has suffered an accident due to your car.

Zero Depreciation Cover

With the passage of time, your car's value gets reduced due to wear and tear attributed to regular usage. This reduction in value is what is termed as depreciation. Standard policies deduct this depreciation resulting in a lower amount of sum insured. With a Zero Depreciation Cover there will be no deduction for depreciation.

No Claim Bonus

No Claim Bonus can be described as a discount that your insurer offers you for not making a claim. You can claim this NCB in case you have not made any claim in the entire year. You avail this discount while paying the premium for next year' s policy.

Additional Covers

You can also opt for add-ons like Roadside Assistance, Engine Protect Plus, Garage Cash etc. to fortify your insurance policy. A comprehensive motor insurance policy might demand a higher premium but it provides total protection.

You can avail this cover online as well by entering your basic details, making an online payment and receiving the policy in your mailbox. You can also renew your policy via the online platform.

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