|Own Damage Cover||Offered|
|No Claim Bonus||Yes|
|Zero Depreciation cover||Available|
|PA Cover||Upto 15 lakhs|
A policyholder can also extend the coverage of his/her standalone OD cover by purchasing additional covers. These add-ons are offered by the insurance company by paying an additional premium amount. Following are the add-ons offered under the Bajaj Allianz OD motor insurance policy:
Buying a Bajaj own damage car insurance online is a simple process. Follow the steps mentioned below to purchase an OD cover in just 5 minutes:
To raise a claim under a Bajaj Allianz OD cover, a policyholder will be required to inform the insurer and submit the following documents:
Ans: OD in car insurance refers to the own damage policy which covers any damage sustained by the insured car due to unforeseen incidents. On the other hand, third-party or TP car insurance covers any third-party liabilities arising out of the insured car. It excludes covering own damages to the insured car.
Ans: No, own damage car insurance is not mandatory as per the motor laws of India. This policy is optional and can be purchased along with the mandatory third party car insurance to cover own damages as well.
Ans: No. A Bajaj Allianz standalone own damage car policy does not cover third party liabilities. This policy only covers own damages sustained by the insured four-wheeler.
Ans: As the name suggests own-damage car insurance only covers damages caused to the insured vehicle due to road accidents, fire, theft, calamities, etc. Whereas comprehensive four-wheeler insurance covers both third-party liabilities and damages sustained by the insured vehicle due to an uncertain event. Thus, a comprehensive car insurance policy offers broader coverage than an OD cover.
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