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Why Should You Opt for A Comprehensive Car Insurance Policy?

Published On Dec 31, 2020, Updated On Mar 20, 2021

Comprehensive car insurance is a combination of both own damage insurance and third party insurance. It pays for the incurred damages caused by both man and nature and can be boosted to render exceptional cover with selected add-ons as well.

Car insurances are highly beneficial to protect the car against damages, losses, and mishaps. There are generally two types of car insurances, namely third party car insurance and comprehensive car insurance. Comprehensive car coverage is a motor insurance policy that covers the owner of the car against damages from fire, accidents, floods, and falling objects. It also pays for unforeseen natural calamities such as earthquakes, cyclones, floods, etc. Manmade disasters such as theft, burglary are also covered by this policy.

Why Should You Opt for A Comprehensive Car Insurance Policy?

Advantages of Buying a Comprehensive Car Insurance Policy

A comprehensive car insurance policy, as the name, suggests covers accidental loss and damages to the car. Other pertinent reasons why car owners should take a comprehensive car insurance policy are as follows:

1. Covers Third Party Liabilities

Comprehensive car insurance, by default, covers the damage that is done by the policyholder to a third party. The insured can get unlimited liability for third party injury, death, and other damages to the properties of the third party if reported.

2. Coverage For Man-Made Calamities

A comprehensive car insurance policy renders protection for the car against the activities done by man such as terrorist activities, theft, damage to the car parts, etc. In the event of malicious acts, the insurance covers the vehicle and the insured need not suffer unexpected financial burdens.

3. Coverage For Natural Calamities

With comprehensive car coverage, the insured need not worry about high winds, monsoon, hours of rainfall, and even the snow affecting their car. For instance, heavy rains and subsequent floods in the low-lying areas will cause damage to the car and with the help of a comprehensive insurance policy, it is possible to protect the car against floods and even other natural calamities such as earthquakes and landslides.

4. Availability of Add-ons

This is perhaps the best feature of comprehensive car insurance. The insured can add several add-ons and covers to the policy. Though it will incur additional premiums, it will enhance the cover of the vehicle. Some of the attractive riders for car insurance are,

  • Shield for the windshield glass
  • Cover for electrical and non-electrical fittings in the car
  • Depreciation waiver cover
  • Personal accident covers for driver and passengers etc.
  • Breakdown assistance cover
  • No-claim bonus protection.

What is Not Covered Under the Comprehensive Car Insurance?

A comprehensive car insurance policy renders maximum cover for the car. However, there are some exclusions with this policy and those are,

  • Damage causes and the losses incurred by driving under the influence of alcohol.
  • Insurance will not cover the depreciation value of the car.
  • It does not cover damages that occurred owing to the negligence of the owner.
  • Does not cover electrical and mechanical breakdown.
  • Does not cover non-accidental damages to the tyre and tube.
  • The policy will not cover damages caused if the driver was found to be driving without a license.

Bottom Line

Buying comprehensive car insurance is important to fulfill the legal requirements of the state, to get extensive damage coverage, and to help with cashless repairs.

Also Read: Why You Should Renew Your car Insurance Before the Extended Deadline

Disclaimer: This article is issued in the 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.

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