Why You Need to Buy Motor Insurance, Even if Your Car is Off-Road?
Updated On Oct 15, 2023
It is mandatory for car owners to have a car insurance policy in India. The minimum level of coverage necessary to stay on the safe side of the law is the third-party car insurance. But, it is advisable to buy a comprehensive car insurance plan to get complete coverage.
If your car is just lying in the parking lot or in a garage facility, paying for car insurance may seem like trouble. But, it is still better to pay for motor insurance for your car for the coverage and protection offered. This is because car insurance policy guards the owner of the car against harm to the car and also compensates for any liabilities owed by the owner.
What Does Car Insurance Cover?
Car insurance is of three types.
1. Third-party liability insurance
- It safeguards the policyholder from legal liabilities because of accidents.
- Third-party injuries, property damage, and death are covered.
- The insured car and its owner or driver is not offered insurance protection.
2. Comprehensive car insurance
- It safeguards the insured car and its owner and driver.
- The insurance coverage comprises in-transit damages, natural calamities, theft, and man-made disasters.
- It comprises third-party liability insurance.
- The coverage under this plan can be improved using add-on car insurance covers
3. Standalone Own Damage Car Insurance
- It covers for damages and losses incurred towards insured’s own car
This plan provides insurance coverage for own-damages incurred by the policyholder’s car in any accident, calamity, theft, fire, explosion, etc.
Risk to Cars in the Parking Area
Even when your vehicle is parked in a parking lot it can get damaged if someone else smash into his/her vehicle into the rear bumper of your car. However, if you have the comprehensive car insurance policy then you can breathe a sigh of relief. The comprehensive motor insurance can also cover the car suffered from damages due to an earthquake or any other natural calamities.
Off-road Driving Risks
Off-road driving is another thing that has to be considered. Several drivers are there who like driving on off-road paths. While there is an upsurge in off-road driving, it is typically not preferred by the insurance company. The risk caused by off-road driving requires that such cars are insured with a comprehensive insurance policy.
During the time of insurance renewal or purchase, you should inform your car insurance provider of the reason for use of the vehicle i.e., off-road driving. The insurance provider will offer you a quote based on that. It is best to be truthful in this regard, as that is the only way you can get enough protection for your car and yourself.
After purchasing the insurance you should also go through the policy documentation to make sure that the terms and conditions are at par with what was agreed on.
By now, you have understood how essential it is to make sure you have car insurance even if your car is off-road. It is logical to choose car insurance carefully that fits perfectly in your budget and matches your requisites and preferences. A break in your insurance policy can have serious consequences. Even if you do not intend to use that car anymore, you should renew insurance coverage.
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.