What is Covered by a Basic Car Insurance Policy?

Here discussed are the factors discussed to buy a basic car insurance policy. Purchasing the insurance through an online portal allows you to compare the features and costs offered by various insurers and thus take an informed decision.

If you are looking to buy a basic car insurance policy then you can look forward to be covered for the following:

Protection against damage to car or loss of car

This coverage protects against any damage that your car faces either because of a collision with another car or any object. Even if the accident happens because of your fault, you will still be reimbursed for the damages caused to the car. But if the accident happens by a driver who does not hold a valid license or is driving under the influence of alcohol, a reimbursement for the damages would be refused.

Apart from protection against damage due to accident it would also reimburse you for the loss due to theft or because of a natural calamity like earthquake, flood, windstorm or because of an act of vandalism like riot or terrorism.

However, the important point to remember here is that the insurance coverage would not pay you for the wear and tear to the car (depreciation). Besides, any major breakdown in the car not because of an accident or collision is also not included in the cover.

Third Party Liability coverage

Third party liability coverage is mandatory under the law and it ought to be a part of any policy that you would buy. This would cover the liability arising due to damage caused to a third party during an accident. It would cover all the cost of the liability arising due to death or injury claims to third parties. It would also pay for the damage to third party property. The cost incurred on the legal process will also be borne by the insurer.

Any costs incurred towards third party damage by insured without consent of the insurer will not be paid for. Also, if as a result of the accident there is damage caused to your personal property, it is not covered under the third party liability cover.

Personal Accident Cover

A basic car insurance cover would also provide a personal accident cover to the owner or driver of the car during an accident. The sum assured amount can vary for different policies, but it is usually a few lakhs.

Buying a Car Insurance policy

If you are looking to buy car policy, you can do it online. Purchasing the insurance through an online portal allows you to compare the features and costs offered by various insurers and thus take an informed decision. Apart from the basic coverage discussed above there are also several add-on benefits which you may find valuable to include in your car policy.

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