Read How Car Insurance Protects Your Car
Posted: May 02, 2016
A single car insurance plan can include several types fo benefits and coverage. It is more than just a car insurance as it protects your car from any damage or loss due to any unfortunate event like theft, accident, natural or man-made calamities. There are comprehensive car insurances available in the market which helps to protect your car against damage due to an event such as theft, fire, earthquake and not because of the collision. Personal accident is also covered under comprehensive car insurance policy in India.
Third party car insurance is mandatory in India where you are supposed to buy car insurance to safeguard the life of the third party when your vehicle becomes the reason for the damage of third party car. This insurance promises to cover the expense incurred in the repair of the third party property. There are some add-ons available that will help you to avail additional benefits. Let us see in the next paragraph how car insurance protects your car:
How car insurance protects your car?
There are two types of car insurance
1.) Third party car insurance
It provides coverage to the third party as discussed in the introduction.
2.) Comprehensive insurance
It has a wide range of coverage it also covers you against the death of the driver, damage to your property, injury of co-passenger caused by accident or any such unfortunate event. Along with this, it also covers the damage or loss to other people that is third party liability. It is better to opt for a comprehensive insurance policy as it also covers you and your co-passenger in the event of an accident. Every insurance company has network garages and hospital where the policyholder can avail a cashless facility for repair of the vehicle and medical treatment respectively. Let us see how comprehensive insurance2 works:
Coverage under the Third party Insurance
Third party insurance cover you against legal liability arising due to accidental damages,for example:
- Death of a person or permanent injury
- Damage caused to the third party’s property
- Caused while someone is driving the insured vehicle
Coverage under Comprehensive insurance
- Natural calamities
It covers the damage or loss to your vehicle caused by any natural disaster like flood, earthquake, cyclone or tornado. You can avail a cashless facility in the registered garage of your insurance company. In case, the garage which you are using is not registered with the insurance company you can simply reimburse the repair amount from your insurer.
- Man-made calamities
it covers your vehicle against damage or loss caused by man-made calamities for example theft, riots, burglary, strikes etc. In this case, your motor insurance policy pays the current value of your vehicle.
- Personal accident cover
It protects the policyholder against the damage or injury due to an accident. It bears the medical expenses for the treatment of driver or owner of the car and passenger of the insured car.
Both the types of insurance are valid only for one year. It needs renewal every year. The premium amount of the insurance is dependent on vehicle classification, value etc. Claim procedure is very easy and quick, for any assistance you can contact your agent or customer care of your insurance company. You can also file a claim online this is one of the easiest and quick procedure.
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Prateek is a seasoned independent writer. His explanatory and creative writing style helps understand the subject matter easily and offers tips, tricks and expert suggestions for Star Health Insurance polices..