Motor Insurance Policy- Comprehensive Car Insurance
In Car insurance, comprehensive coverage covers damage to your vehicle caused by
certain events. These include (but are not limited to) fire, theft, vandalism and
falling objects. This also comes with a deductible you volunteer to pay and which
you are obliged to pay before the insurance company pays the remainder. It is advisable
to buy the Comprehensive insurance policy because it covers the insured, vehicle
and third party in a single policy. This type of insurance covers all the
risks covered in the Motor Vehicles Act plus loss or damage caused to the vehicle
due to:
- Flood, hurricane, cyclones, typhoon, storm
- Theft, burglary, strikes and riots
- Terrorism, Malicious acts
- Accident, Fire or Theft.
- Floods and earthquake
- Transit by road, rail, watercraft, air, elevator, etc.
- Towing charges incurred after an accident.
- Explosion, self-ignition, lightning
The Comprehensive Insurance coverage excludes the loss or damage caused due to:
a. Driver under the influence of alcohol at the time
of impact.
b. Vehicle being driven by a person not holding a
valid driving license.
c. Damage to the tyres unless the vehicle is also
damaged.
d. Wear and tear or mechanical breakdown.
Other articles on Car Insurance
- Motor Insurance Overview
- 10 Hot Tips to Reduce Premium
- What is Car Insurance?
- Typical Ways to reduce your premium
- Why Car Insurance?
- Finalizing the best deal - Car Insurance provider and the Car Insurance
- How to claim Car Insurance
- Types of Motor Insurance
- Car Insurance FAQs
- When a claim is rejected?
- What does Car Insurance Cover?
- What to do in case of Accident?
- Car Insurance Policy - Comprehensive Coverage
- What not to do in case of Car Accident?
- Factors affecting Car Insurance Premium
- When to change your car insurance provider - Guideline?
- Car Insurance Glossary