Car Insurance

Insurance covers you against any sort of loss. While life insurance covers you against loss of life, car insurance insures you against any loss or damage that your four-wheeler may incur during its lifetime. The damages to the car come in the form of theft, natural disaster, third-party liabilities or accident. A car insurance protects you against that loss.









What are the different types of car insurance?


Comprehensive Policy:
This is the best form of car insurance policy that covers all kinds of damages. This is an end-to-end coverage. This means a comprehensive covers first party, third party, car and co-passenger. A comprehensive policy also insures against all kind of disasters, whether natural or man-made.

Co-passenger Protection Coverage:
As the name suggests this car insurance policy ensures 100% coverage in the case of co-passenger’s death or permanent disability. Some of the insurance providers provide this accidental coverage but charge an extra premium for it.

Third Party Liability Insurance:
As per the Indian law, it is mandatory to have a third party liability insurance along with a car insurance. If your car causes any harm to the third party or property, this insurance covers it.

Personal Risk Coverage:
This is the most basic form of coverage that only covers damage done to the car owner.


Step 1: Choose the cover you need for your car
Step 2: Insurance provider inspects the car
Step 3: Insurance Declared Value or IDV is calculated
Step 4: You intimate the insurance provider in the event of damage
Step 5: You need to submit the documents
Step 6: In case of Cashless Claim Mode the Insurance Provider analyses the garage estimate and pays after repair
Step 7: In the case of Reimbursement Claim Mode the Insurance Provider reimburses the repair amount

A car insurance covers the following:

  • Protection to the driver
  • Legal or financial loss to the owner
  • Accidental damage
  • Damage due to a riot
  • Car damage due to burglary or theft
  • Damage due to an act of terrorism
  • Car damage due to a natural calamity
  • Act of terrorism

Step 1: Inform the insurance provider
Step 2: Apply for the claim with relevant documents
Step 3: Get the claim

Before you delve into it, understand that these covers differ from insurance provider to insurance provider. Following are some of the most common add-on covers that you can get.

  • Engine Protection Cover: One damage that the comprehensive car insurance does not cover is damage to the engine. Taking this cover would do it.
  • Zero Depreciation Cover: As the name suggests, taking this cover will help you claim the depreciation deduction as well.
  • Roadside Assistance Cover: Take this cover and you will never be stranded on the side of the road without assistance. This cover helps you get all the mechanic services that you may need in the time of an emergency.

We know what damages are covered while you take a car insurance. Following are the things that are not covered.

  • Usual wear and tear of the vehicle
  • Any sort of mechanical breakdown
  • Depreciation of the vehicle
  • Any damage done to the vehicle under the influence

If your Insurance Provider gives that option, you can renew your car insurance online. Here’s how you can do it.

  • Step 1: Go on the Insurance Provider’s website and click on the Renewal tab
  • Step 2: Enter the details of your policy
  • Step 3: Tick the relevant options for renewal and add-ons and proceed to pay the claim





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