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Guide to Comprehensive Coverage in Car Insurance
May 21, 2023

Beginner’s Guide to Comprehensive Coverage in Car Insurance

Comprehensive coverage is an important aspect of car insurance that provides financial protection from an array of risks that involves your vehicle against an unforeseen event. While opting for a motor insurance policy, it is a smart decision to opt for comprehensive coverage. As per the Motor Vehicles Act, third-party insurance is a legal mandate to ply on Indian roads. A comprehensive car insurance policy offers a cover against the accidental loss/damage incurred to the vehicle insured. Assess your needs and choose a motor insurance policy.

What Does a Comprehensive Car Insurance Typically Cover?

Comprehensive coverage typically offers cover for the below:
  1. Own Damage: Be secured from any accidental damage/loss due to man made or natural calamities. This includes fire, self-ignition, riots and strikes, burglary, landslides, earthquakes, storms, hurricanes, etc.
  2. Liability to Third Parties: A cover for any legal liability arising out of bodily injury /or property damage of third parties caused due to an accident involving the insured car.
  3. Personal Accident Cover: In the unfortunate event of the owner-driver death and/or permanent total disability arising out of an accident while traveling in the insured car, the sum insured will be paid up to the chosen limit.
Note: For complete details, refer to the policy wording carefully. *T&C apply Whether or not you should get comprehensive coverage depends on your individual needs and circumstances. If you live in an area that is prone to natural disasters or if you have a valuable car, then comprehensive coverage may be a good idea for you. For complete protection against any uncertainty, it is recommended to choose a comprehensive car insurance policy. Note: This is not an exhaustive list. For complete details, refer to the policy wording carefully. *T&C apply

Aspects to Consider While Choosing Comprehensive Coverage

  1. Vehicle Value: Consider the value of your vehicle when deciding whether to purchase comprehensive coverage. If your car is older or has a low market value, the cost of the coverage may not be worth it.
  2. State Requirements: Check the insurance requirements in your state. While comprehensive coverage is optional, some lease or finance companies may require it if you still owe money on your vehicle.
  3. Deductible Amount: Consider your budget and choose a deductible that you can comfortably afford in the event of a claim. Remember that a higher deductible can lower your premium but also means a higher out-of-pocket expense.
  4. Policy Limitations: Review your policy to understand any limitations or exclusions. For example, some policies may not cover damages caused by certain natural disasters or may have limitations on coverage for aftermarket parts or accessories.
  5. Add-ons: For enhanced protection of your four-wheeler consider opting for add-ons such as personal accident cover for occupants, loss of accessories, and so forth.
*T&C apply

Wrapping It Up

Comprehensive car insurance coverage can be a blessing for all car owners because it gives financial assistance for repair or replacement costs of your automobile in the event of an accident or damage to your car. A comprehensive car insurance policy saves you money, protects your vehicle, and offers peace of mind. It is safe to have a comprehensive vehicle insurance policy in the long run.   *T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.  

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