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Insurance Article

What is Garage Cash?

March 21 2010

At such times, the expenses incurred may burn a hole in your pocket. So, why not be ready for such unforeseen events. With ICICI Lombard's motor insurance policy, you are not just liable to get comprehensive coverage against your car, but you will also be paid while your car is in garage for repairs.

With garage cash cover, every individual owning this policy is liable to get an allowance of Rs.500 per day. This cover provides a fixed daily allowance to the insured to cover his daily travel expenses incurred for the period the individual's vehicle is under repair due to an accident. Get paid everyday for a period of maximum 14 days.

ICICI Lombard offers a comprehensive insurance cover that is easy to purchase and promises a host of benefits. The motor insurance policy can be easily purchased from the comfort of your home. This comprehensive car insurance plan offers cover against lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide or fire, explosion, self-ignition.

This insurance policy includes the mandatory third party liability cover that is made mandatory by the IRDA. This cover comes to your rescue if your insured vehicle causes damage to a personal property or causes permanent injury. Legal liabilities occurring due to death of the person are also included under this cover.

All these benefits of a comprehensive car insurance plan will go a long way in ensuring the safety of your car against untimely expenditure.


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