ICICI Lombard Own Damage Car Insurance

Unlike Comprehensive and Third-party car insurance, Own Damage car insurance provides coverage if there is any damage to the car. With a standalone own-damage cover the cost of repairing your car in case of a mishap is compensated for by the insurance provider. Moreover, the compensation also provides financial stability for the policyholder in a time of crisis. This cover is versatile in that it provides protection in a wide variety of own-damage costs including cases of theft, vandalism, fire, explosions, road accidents, natural and manmade calamities.

Inclusions:

• Cases of total loss or theft of the car.
• Road accidents/ collisions that cause damage to the car.
• Damage caused to the car during transportation.
• Any damage that occurs due to a natural or man-made calamity.

Exclusions:

• Mishaps that occur outside the country.
• Mishaps that occur due to some form of illegal driving
• Breakdowns of the car due to mechanical or electrical failures
• Depreciation of the car

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

ICICI Lombard’s standalone own-damage car insurance comes with the following benefits:

• The insurance holder is protected from a wide variety of scenarios in case of a mishap.
• For every claim-free year, the insurance holder will receive a NO CLaim Bonus which is cumulative in nature.
• ICICI Lombard offers add-on covers with their standalone own-damage insurance which can be purchased to further enhance its coverage.

How To Purchase ICICI Lombard Standalone Own-Damage Policy?

ICICI Lombard standalone own-damage car insurance can be purchased by following these steps:

Step 1: Visit the website InsuranceDekho and click on the car insurance tab. A drop-down menu will appear on the screen. Select ‘Standalone Own Damage’ from the available options.

Step 2: Provide your car’s registration number. You can also enter other information such as the car’s make, model and year of registration if you do not have the number.

Step 3: Enter your personal details, i.e., name and phone number and select ‘Submit and Get Quotes’.

Step 4: Quotes for standalone own-damage policies from different insurance companies will be visible on the screen. Select the offer by ICICI Lombard and select any add-ons you would like to purchase.

Step 5: Pay for your chosen ICICI Lombard standalone own-damage policy and the policy document will be sent to your registered email ID.