Comprehensive car insurance is an advanced coverage car insurance policy whose coverage is just not limited to the third party. Comprehensive car insurance in India covers various risks such as theft, vandalism, natural disasters, etc. Most car owners prefer this type of insurance over and above the third party as it offers comprehensive insurance benefits such as roadside assistance, rental car reimbursement, and their own car coverage. Such benefits are excellent, especially when driving an expensive vehicle or a new car.
Here, we shall look into why it is beneficial to buy comprehensive car insurance online and why it is the best option for your vehicle.
What is Comprehensive Car Insurance Cover?
If you are planning to buy a new car and want to buy insurance for it, go for comprehensive car insurance. It is a good option for many reasons. This four-wheeler insurance cover comes in handy in cases of theft, natural disasters, or any other damage caused to your car, which is different from a road accident.
So, in summary, this is what comprehensive car insurance in India covers:
- Compensation for all third-party liabilities arising due to an accident or collision caused by the policy owner/driver of the insured car
- Compensation for any damages caused to the insured vehicle as provided under the clauses of the policy
- Cover for the damages incurred under ‘Personal Accident’ by the policyholder/driver of the car when an accident or collision occurs.
- Coverage for third-party liabilities, which eliminates the need to purchase a separate third-party insurance policy
- Extended coverage is provided via add-on covers for passengers, zero depreciation covers, etc.
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Comprehensive Car Insurance Benefits
- Coverage against damages
The comprehensive insurance plan provides wide coverage in case of an accident causing damage to property or injury to the insured party. You do not see that in third-party car insurance, as it only protects a third party from any injury or damage. In addition, comprehensive car insurance coverage includes protection from natural disasters and other occurrences, such as floods, earthquakes, storms, riots, or theft which is not a part of third-party four-wheeler insurance.
- Cashless Network Garage benefits
Another intelligent feature of comprehensive car insurance is its well-connected network garages that allow cashless benefits for automobile repair in case of any damage to your car with no out-of-pocket expenses. The car insurance company is wholly responsible for settling the bills with the network’s repair shops, relieving you of any unpredictable expense that shall hurt your monthly budget. Furthermore, you can stay worry-free about filing a claim and following up with the car insurance company if you choose cashless motor insurance, as the company will take care of the expenses for you.
Deductibles are an arrangement between the insured party and the insurance company wherein a part or portion of the total claim is paid by the insured party and the rest by the insurance company. This comes in handy as it lowers the cost of your insurance premiums and gives you more control over your coverage. Also, selecting an amount you can comfortably afford is essential, as if your deductibles are high, the essence of buying insurance is lost.
- NCB Benefits
The car insurance company rewards responsible drivers who have kept their cars safe for a said policy year. This reward comes in the form of NCB, a benefit on the premium paid during car insurance renewal. If no claim is made during the year, the driver is entitled to an NCB, which can go up to even 50 per cent of the annual premium. It is an excellent way to get discounts on your car insurance policy renewal.
- Add-on coverage
The comprehensive car insurance policy can be tailored as per your desire. This add-on provides extra coverage on top of the basic plan but with additional cost.
- Personal Accident coverage
Comprehensive insurance comes in really handy against the risk of road conditions and reckless driving as such happening has the potentiality to destroy the car and sometimes even life. But with extensive coverage like the one offered through the comprehensive plan, you can have peace of mind as it offers generous reimbursement if you are injured or left dismembered in a crash involving your car.
It’s smart to have a comprehensive car insurance plan as it offers several benefits over an above third-party car insurance plan. The car owner is protected against a wide level of risk, which includes theft, vandalism, natural disasters, and more. By choosing the right plan and the right insurance company, you shall have peace of mind in the long run.