Car Insurance Coverage

1
Car Insurance Coverage

• Car insurance is mandatory in India. It is
  broadly divided into a comprehensive policy that
  includes all-inclusive coverage and third party
  policy which only includes insurance for the
  damages inflicted on the third party neither
  the insurer nor the insured

2
Car insurance is a must in India, even if it is
just a token amount. The coverage of each car
insurance policy would however, depend on the
type of insurance policy chosen by the owner. The
premium amount would also vary depending on the
number of options that the insurance policy
covers. Nevertheless, the car insurance policy is
broadly divided into a comprehensive policy that
includes all-inclusive coverage and third party
policy which only includes insurance for the
damages inflicted on the third party neither
the insurer nor the insured.

• Today, there are various policies that include
  coverage depending on the premium that the owner
  is ready to pay. It could be insurance for
  physical damages, reimbursement of medical
  treatments, or cover for property damages.
• Lets check the coverage that the car owner would
  get against his car insurance claims.

3
Comprehensive Car Insurance Plan

• A comprehensive car insurance policy covers the
  damages to the car caused due to an accident as
  well as the injuries that the driver or
  passengers suffered due to the accident.
• A third party legal insurance cover included in
  the comprehensive plan would protect the owner
  financially for any legal hassles he has to
  undergo due to injuries or damages due to the
  accident of those who are not involved in the
  unfortunate car ride when the accident occurred.
• In other words, the car insurance coverage could
  be divided into the following sections

Third-Party Coverage
Coverage for People Involved
Physical Damage Coverage
4
Physical Damage Coverage

• Damage to the car due to natural calamities
  These include accidental damages from storms,
  earthquakes, landslides, fire or similar
  incidents.
• Damage to the car due to man-made calamities
  These include sudden attacks of terrorisms,
  burglary, riots, intentional attacks, accidents
  due to travel by road or air, and parallel
  incidents.

5
Coverage for People Involved

• Personal accident cover These include
  compensation for injuries, such hospitalization
  or medicines for the driver, co-passengers, and
  the owner if he is in the car at that time.

Coverage for People InvolvedCover for damages
or injuries for third-party These include
compensation for injuries to the third party or
reimbursement property damages. It also includes
damages to the car in case the car was in a
garage or kept unused when the accident occurred.

6
Third Party Car Insurance Plan

• A third party is someone who is not involved with
  the car ride or related to the owner, such as a
  pedestrian, non-fare or fare-paying passengers in
  a car, or bystanders. It could also be property
  involved in the accident, such as shops or other
  vehicles in concern. The coverage would include
• Legal liabilities that the owner has to undergo
• Compensation on the property damages
• There are many car insurance policies in India.
  You can choose some coverage vis-à-vis the
  premium that you require to pay as well. Online
  car insurance policies help in identifying the
  optimal car insurance policy where you can opt
  for a particular policy depending on the premium
  and the coverage offered by the same.
• Compare car insurance plan