Comprehensive In Car Insurance: Everything You Need to Know

Getting an insurance policy for your car is not just a legal requirement but also a smart financial decision. However, with so many options available in the market, choosing the right car insurance policy can be quite confusing. Comprehensive car insurance is one such policy that offers maximum protection to your vehicle. In this article, we will explore everything you need to know about comprehensive car insurance.

Table Contents show

What is Comprehensive Car Insurance Policy?

Comprehensive car insurance, also known as fully comprehensive insurance, is a type of insurance policy that offers coverage for a wide range of damages that can occur to your vehicle. This insurance policy covers damages caused by theft, vandalism, natural calamities like floods or hailstorms, fire, accidents, and other unforeseen damages to your car.

Unlike a third-party liability policy that only offers coverage for third-party damages, Comprehensive Car Insurance Policy covers damages to your own vehicle as well. This makes it a popular choice among car owners who want to ensure that they have maximum protection for their car.

What Does Comprehensive Car Insurance Cover?

Comprehensive Car Insurance Policy covers a wide range of damages to your vehicle. Here is a list of things that are covered under this policy:

Damages Covered Under Comprehensive Car Insurance
Theft
Vandalism
Natural calamities like floods or hailstorms
Fire
Accidents
Personal Accident Cover
Third-party liability cover

In addition to the above-mentioned coverage, some comprehensive car insurance policies also offer add-ons like engine protection, roadside assistance, zero depreciation cover, and others. However, you need to pay extra premiums for these add-ons.

What is Not Covered Under Comprehensive Car Insurance?

While comprehensive car insurance policy offers extensive coverage to your vehicle, there are certain things that are not covered under this policy. Here are some of the exclusions:

Regular wear and tear of the vehicle
Driving under the influence of alcohol or drugs
Driving without a valid driving license or in case of expired driving license
Any damage caused due to illegal activities or racing

It is important to go through the policy document thoroughly to understand the exclusions and limitations of your insurance policy.

Why Do You Need Comprehensive Car Insurance?

Now that you know what comprehensive car insurance policy is and what it covers, let’s discuss why you need this insurance policy:

Protection against Damages:

The foremost reason to buy a comprehensive car insurance policy is to protect your vehicle against damages. This policy offers a wide range of coverage that protects your vehicle from natural and man-made calamities.

Legal Requirement:

Comprehensive car insurance policy is a legal requirement in many countries. Driving without valid insurance can lead to fines and penalties. Therefore, it is important to have a comprehensive car insurance policy to avoid any legal troubles.

Personal Accident Cover:

Most comprehensive car insurance policies offer personal accident cover that provides financial assistance to the insured and their family members in case of accidental death or permanent disability.

Peace of Mind:

Having a comprehensive car insurance policy gives you peace of mind that your vehicle is covered in case of any unforeseen events. You can drive your car without worrying about the damages as your insurance policy has got you covered.

How to Choose the Right Comprehensive Car Insurance?

Choosing the right comprehensive car insurance policy can be quite confusing given the number of options available in the market. Here are some factors that you need to consider while choosing a comprehensive car insurance policy:

Policy Coverage:

Make sure that the policy covers all the damages that you want to protect your car against. Check the policy document thoroughly to understand the coverage and exclusions of the policy.

Add-Ons:

Many comprehensive car insurance policies offer add-ons like engine protection, roadside assistance, zero depreciation cover, and others. Consider buying these add-ons if you think you need them.

Premium:

Premium is an important factor while choosing a comprehensive car insurance policy. Compare the premiums of different insurance policies to get the best deal.

Claim Settlement Ratio:

Claim settlement ratio is the percentage of claims that are settled by the insurance company. Choose an insurance company with a high claim settlement ratio to ensure that your claims are settled quickly.

Conclusion

Comprehensive car insurance policy offers maximum protection to your vehicle against damages caused by theft, vandalism, natural calamities, fire, accidents, and other unforeseen damages. It is not just a legal requirement but also a smart financial decision to buy this insurance policy. Choose the right comprehensive car insurance policy by considering the policy coverage, add-ons, premium, and claim settlement ratio to ensure maximum protection for your vehicle.

FAQs

1. What is Comprehensive Car Insurance Policy?

2. What Does Comprehensive Car Insurance Cover?

Comprehensive Car Insurance Policy covers a wide range of damages to your vehicle. Here is a list of things that are covered under this policy:

Damages Covered Under Comprehensive Car Insurance
Theft
Vandalism
Natural calamities like floods or hailstorms
Fire
Accidents
Personal Accident Cover
Third-party liability cover

3. What is Not Covered Under Comprehensive Car Insurance?

While comprehensive car insurance policy offers extensive coverage to your vehicle, there are certain things that are not covered under this policy. Here are some of the exclusions:

Regular wear and tear of the vehicle
Driving under the influence of alcohol or drugs
Driving without a valid driving license or in case of expired driving license
Any damage caused due to illegal activities or racing

4. Can I Add Add-Ons to My Comprehensive Car Insurance Policy?

Yes, many comprehensive car insurance policies offer add-ons like engine protection, roadside assistance, zero depreciation cover, and others. Consider buying these add-ons if you think you need them.

5. How to Choose the Right Comprehensive Car Insurance?

Policy Coverage
Add-Ons
Premium
Claim Settlement Ratio

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