Clear Cover Insurance: Your Ultimate Guide to Understand It Better

If you are planning to buy any insurance policy, you must have heard about clear cover insurance. Not sure what it is? Don’t worry; this article will guide you through all your queries about clear cover insurance. From its definition to its benefits, we will cover it all. Let’s get started!

What is Clear Cover Insurance?

Clear cover insurance is a type of insurance policy that offers coverage for damages caused to your car. It is a policy that covers third-party liabilities and damages due to natural and man-made calamities. The owners of the car can purchase this policy to secure themselves against financial losses due to any unfortunate event.

The best thing about clear cover insurance is its affordability. It is one of the most pocket-friendly insurance policies available in the market. It offers complete coverage for major damages that can occur to your car but has certain limitations on the coverage.

Benefits of Clear Cover Insurance

A clear cover insurance policy comes with several benefits. Let’s take a look at some of them:

Benefits of Clear Cover Insurance
Covers natural calamities like earthquakes, floods and storms, etc.
Covers man-made calamities like theft, riots, terrorist activities, etc.
Offers coverage for personal and third-party liabilities.
Affordable and pocket-friendly insurance policy.
Easy to claim policy with quick disbursal of claims.

Limitations of Clear Cover Insurance

Although clear cover insurance comes with several benefits, it has certain limitations. Let’s take a look at some of them:

Limitations of Clear Cover Insurance
Offers limited coverage for damages caused due to natural and man-made calamities.
Does not cover damages caused due to wear and tear of the vehicle.
Does not cover damages caused due to driving under the influence of drugs or alcohol.
The coverage amount is limited, which may not suffice for the entire cost of repair of the vehicle.

How does Clear Cover Insurance Work?

Clear cover insurance works like any other insurance policy. You need to purchase the policy and pay the premium to the insurance provider. Once you have purchased the policy, your car is secured against any damage that may occur due to natural or man-made calamities.

In case of any damage, you need to file a claim with the insurance provider. The insurance provider may ask for relevant documents, such as a police report, to verify the claim. Once the claim is verified, the insurance provider will disburse the amount as per the policy terms and conditions.

It is important to note that clear cover insurance does not cover all kinds of damages. It has certain limitations on the coverage. For example, it may not cover damages caused due to driving under the influence of drugs or alcohol. It is essential to read the policy terms and conditions carefully to know about the coverage limitations.

FAQs:

1. Is clear cover insurance mandatory in India?

No, clear cover insurance is not mandatory in India. However, it is advisable to purchase the policy to secure yourself against financial losses in case of any damage to your car.

2. Can I transfer my clear cover insurance policy to another car?

No, you cannot transfer your clear cover insurance policy to another car. You need to purchase a new policy for the new car.

3. Can I renew my clear cover insurance policy online?

Yes, you can renew your clear cover insurance policy online. Most insurance providers offer online renewal services for the convenience of their customers.

4. Can I cancel my clear cover insurance policy anytime?

Yes, you can cancel your clear cover insurance policy anytime. However, the insurance provider may charge a cancellation fee as per the policy terms and conditions.

5. How to file a claim for clear cover insurance?

You can file a claim for clear cover insurance by contacting the insurance provider. You need to provide relevant documents, such as a police report, to verify the claim. Once the claim is verified, the insurance provider will disburse the amount as per the policy terms and conditions.

Conclusion:

Clear cover insurance is a pocket-friendly insurance policy that offers coverage for damages caused to your car. It is a policy that covers third-party liabilities and damages due to natural and man-made calamities. The owners of the car can purchase this policy to secure themselves against financial losses due to any unfortunate event. Although clear cover insurance has certain limitations on the coverage, it comes with several benefits. It is essential to read the policy terms and conditions carefully to know about the coverage limitations. We hope this article has helped you understand clear cover insurance better.