5 Key Benefits of Buying Comprehensive Car Insurance
Updated On Oct 14, 2023
Here is why the comprehensive cover is the best car insurance plan
A vehicle gives freedom to an individual to travel along the road to unknown destinations, and we all can relate with the bonding we have towards it, especially if it happens to be a car. It drives you to different places even at odd hours; however, no one can promise a safe journey as mishaps can occur without any prior notice. Hence, a car owner should insure this much-loved asset with a comprehensive car insurance policy that offers coverage against third party liabilities along with certain damages incurred at a personal level. As a car owner, you are insured under a single umbrella for maximum casualties with a comprehensive cover.
5 Benefits of Comprehensive Car Insurance Policy
The comprehensive policy is available at competitive rates, and you get a chance to save money for the damages as well as the price you pay to avail this insurance policy. The claim settlement process is quite smooth as these insurance companies pick, repair and deliver the car at your doorsteps. This full-fledged coverage helps a car owner remain stress-free by providing an insurance cover for the following events:
Third-Party losses can happen anytime, and there is no reason to get bitter over the strangers. As an insurance holder, you get covered for all the damages of third party vehicle or property, and injuries incurred to them on account of accidents on roads. Additionally, major incidents like death and disability are included in the package.
Accidents on Roads
The journeys on the road are not predictable, and even a minor error can lead to fatal accidents. It is better to be cautious, but a mistake on your part can add a financial burden to your pockets. To avoid such unforeseen events, the comprehensive car policy takes care of all your losses of the damaged car.
Theft of Car
It is an absolute nightmare to discover that your favourite car has been stolen. But the next thing that strikes your mind is, could you afford to buy another car? If the answer is no, then stop hesitating and get your car insured through a comprehensive car insurance policy online. Though, you should keep it in your mind that, the coverage does not pay you for the purchase of a new car; instead, it reimburses the value of the old one considering the depreciation.
Nature is beyond our manipulation, and hence we can not control calamities like floods, landslides, thunderbolts, earthquakes, tsunamis, cyclones, etc. Getting covered through a comprehensive car policy can salvage your inanimate vehicle from becoming the prey of a catastrophe.
Similar to natural calamities, fire accidents have the potential to transform your cherished car into ashes. These incidents can be triggered either due to natural or human-made causes. Cases of fire accidents frequently occur in the roads of India out of ignition, explosion or lighting, and make headlines in the newspapers the following day. Therefore, comprehensive coverage saves both your vehicle and pocket from bearing the brunt of it.
Things that are not covered under a comprehensive car policy
- Careless driving or driving after consumption of intoxicants.
- Non-accidental damages like wear and tear, mechanical or electrical damages and depreciation.
- Uncontrollable events like war, nuclear attack, etc.
- Liabilities of any kind that are not mentioned under the agreement of comprehensive car insurance policy.
Extend the Coverage of Comprehensive Policy With Add-ons
If you prefer to stretch the comprehensive car insurance coverage further, then it can be obtained through car insurance add-ons. These add-ons increase the coverage of the standard comprehensive car insurance policy. The most prevalent add-ons opted by the insurance holders are a zero-depreciation cover, consumable cover, engine and gearbox protection, breakdown assistance, tyre protective cover, return to invoice cover, and others. However, you need to bear a separate fund to get the facilities of these add-ons. You can read more about the add-ons here.
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Disclaimer: This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.