< First Party Car Insurance: Benefits, Inclusions & Exclusions
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What is First Party Insurance for Cars?

First party car insurance, also known as own damage cover, is designed to financially protect your vehicle against unexpected risks. It covers losses or damages caused by natural calamities like floods, earthquakes, and storms. It also offers protection against man-made events such as fire, theft, vandalism, or accidents. This type of car insurance ensures that repair or replacement costs don’t become a financial burden.

This is unlike third-party car insurance, which does not offer any protection for your own car. What makes first-party car insurance more comprehensive is the flexibility it offers. You can enhance your coverage with several add-ons. These offer you additional protection. First-party car insurance provides complete peace of mind by safeguarding your own vehicle against a wide range of risks.

How Does a First Party Car Insurance Work?

First party car insurance is a type of policy that protects your own car. If your vehicle gets damaged, your insurance company pays for the repair or loss. When you buy first-party insurance, you pay a premium every year. In return, the insurer agrees to cover certain risks.

There are two common ways to settle the claim. In a cashless claim, you take your car to a network garage. The insurer directly pays the garage, and you only pay for any non-covered costs. In a reimbursement claim, you first pay for the repairs yourself. The insurer later pays you back after checking the bills.

Key Features of First Party Car Insurance

Some of the key features of 1st party insurance for car are:

Strong coverage

You get robust coverage for losses or damages suffered by your vehicle due to natural or man-made calamities such as fire, explosion, burglary, theft, etc.

Own damage coverage

This insurance plan provides protection to your car against natural and man-made calamities of various kinds, including fire, explosion, frost, riots, strike, etc.

Personal accident cover

You can also add a personal accident cover for you, the car’s owner. This cover provides a pay-out for treatment as per the policy’s terms in case you suffer any injury while driving.

Benefits of first party insurance for cars

The benefits of 1st party insurance for car are:

Reasons to buy a first party car insurance

Some compelling reasons to buy first car insurance are:

1

Covers own damage

First party car insurance covers own damage. This offers you well-rounded protection in the case of any eventuality.

2

Peace of mind

With this insurance, you’ve peace of mind as you know you have a financial back-up in case of any accident. This allows you to drive worry-free.

3

No claim bonus

If you don’t make any claim during the policy period, you are eligible for no claim bonus (NCB). NCB gives you a discount on your own damage premium as per the policy’s terms and conditions.

How to apply for 1st party car insurance online?

To apply for first party car insurance online:

  • Visit our website here.
  • Click on ‘Car Insurance’ under ‘Motor Insurance’
  • Enter your vehicle’s registration number, mobile number, email and click on ‘Get Quote’
  • Check the quote and pay premium to buy your insurance plan

What is covered in first party car insurance?

  • Inclusions
  • Exclusions

First party insurance for your car covers:

  • Any loss or damage to your car or accessories due to natural disasters like frost, landslide, fire, explosion, etc
  • Any loss or damage to your car or accessories due to man-made disasters such as riot, strike, theft, etc

This insurance policy doesn’t cover:

  • Any accidental loss or damage and/or liability caused outside the geographical area
  • Any claim arising out of any contractual liability
  • Any accidental loss or damage or liability arising from nuclear weapons material
  • Liability arising from driving without a valid licence
  • Wear and tear arising from normal use
  • Third-party liabilities

Process to renew first party insurance for car online

To renew first party insurance for car online:

  • Visit our website here.
  • Click on ‘Car Policy’ under ‘Renewals’
  • Enter your ‘Registration No’ or ‘Policy No’
  • Click on ‘Proceed’
  • Follow the instructions on the appearing page to renew your policy

First party car insurance policy: Claim process

To make a claim:

  • Inform us: Intimate us regarding your claim on our toll-free number, email ID, WhatsApp or the IL TakeCare app and file a FIR, if required.
  • Report to the garage: Take your damaged vehicle to the nearest network garage for repairs. You can find the list of these garages here.
  • Surveyor appointment: Your claims manager will contact you and we’ll appoint a licensed surveyor within 24 hours of reporting the claim.
  • Submit documents: Upload all relevant documents on our website, WhatsApp, IL TakeCare app or hand them over to our surveyor.
  • Repair approval: After repair approval from the surveyor, we’ll settle the claim directly with the garage or reimburse it to your account.

For more details, please click here.

Documents required for first party car insurance claims

The documents required are:

  • Duly-filled claims form
  • Registration certificate
  • Driving license
  • Policy copy

Check the complete list of documents here.

Frequently asked questions

Is it mandatory to buy first party car insurance?

While first party car insurance isn’t mandatory, it’s desirable. Buying this insurance plan safeguards you financially in case your car suffers any damage, natural or man-made.

How can I reduce the premium for first party car insurance?

You can reduce premiums by installing anti-theft devices in your car and maintaining a clean driving record.

Should I opt for first party car insurance or a third-party car insurance?

It depends on your needs. While a third-party car insurance is mandatory, a first party insurance offers wider coverage.

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