Feature and Coverage Overview of Comprehensive Auto Insurance
As soon as you buy a car in India, you are legally mandated to buy a four-wheeler insurance cover for it as well. Although buying third-party car insurance is an obligation, getting a comprehensive plan is an option. Sometimes, third-party covers may fall short, thus, making comprehensive covers more viable for the insured.
If you are looking for new car insurance or are reviewing your current policy, consider buying comprehensive car insurance coverage from a reputed insurer like Tata AIG. Purchasing this inclusive insurance plan from Tata AIG offers numerous benefits and extended features, access to a wide range of network garages, and impeccable customer service. Be it the Tata AIG car insurance claim process or renewal process, everything is just at your fingertips – quick and easy!
What is a Comprehensive Car Insurance Coverage?
To begin with, there are three types of insurance coverage available in India: comprehensive, third-party and own damage insurance. Out of these, comprehensive car insurance policies provide all-round or extensive coverage to your four-wheeler. In short, it is a combination of third-party and own damage insurance.
Thus, if you wish to get coverage for third-party liabilities, natural calamities, repairs costs, accidental injury or death, theft or any other problems, it would be best to consider buying comprehensive car insurance in India.
What are the Benefits and Features of Comprehensive Car Insurance?
A comprehensive car insurance policy offers 360-degree protection for your car. Here are a few features and benefits of this policy type.
- It covers third-party liabilities arising from an accident involving the insured vehicle.
- It pays for the damages caused to your car due to accidents and natural and human disasters.
- It offers personal accident cover of ₹15 lakhs that covers hospital and medical expenses of the owner-driver injury caused due to the accident.
- Comprehensive plans have the option of including add-ons, further enhancing the policy coverage.
- It offers the benefit of third-party insurance and own damage cover by paying a single premium.
- Insured can also benefit from the No Claim Bonus (NCB) clause.
- Buying comprehensive car insurance online helps compare, calculate premiums, renew the policy, and make claims hassle-free.
What is Covered in Comprehensive Car Insurance?
A comprehensive four-wheeler insurance policy offers a wide range of coverage options to ensure your safety. Coverage under a policy is also termed inclusion. Below are some of the inclusions in comprehensive car insurance.
● Third-party liability
Comprehensive car insurance policies cover damages to the third party in case of an accident. Thus, if your vehicle is involved in an accident causing damage to third-party property, injury to or even the death of a third-party person, the insurance policy compensates for this damage or loss.
● Accidental own damage cover
The policy provides adequate protection for the insured vehicle if it suffers accidental damage. Similar to the own damage policy, the comprehensive policy also covers the financial losses due to car repairs.
● Personal accident coverage for owner-driver
When you buy comprehensive car insurance online from Tata AIG, the owner-driver gets a personal accident cover of ₹15 lakhs. This coverage includes the medical costs of the injuries and the cost of transporting the injured owner-driver to the hospital. In addition, if the owner-drives passes away in the accident, the amount is paid to the beneficiary. Thus, it compensates if the accident leaves the owner-driver injured, permanently disabled or causes death.
● Theft of the car
This plan also covers the theft of the vehicle. Additionally, if your car is damaged in an accident to an extent where it cannot be repaired, the policy covers that too. In both cases, the insurer pays the car’s Insured Declared Value (IDV).
● Damages due to natural and man-made disasters
The comprehensive policy protects the car from natural disasters such as severe weather conditions, cyclones, earthquakes, floods etc. Additionally, it covers damages caused due to man-made disasters, including fires resulting from explosions, self-ignition, terrorism, vandalism, strikes, and so on.
Add-ons or riders enhance the coverage of a policy. Comprehensive insurance plans usually offer multiple add-on options to enhance the existing coverage. However, since add-ons are over and above the base plan, it comes at an additional cost. Thus, checking the premium using a car insurance premium calculator and buying comprehensive car insurance online is recommended.
Due to its extensive coverage and valuable benefits, comprehensive car insurance coverage becomes crucial for the all-round protection of your car. In addition, it provides maximum coverage, thus giving you peace of mind and reducing anxiety about your car.