Protection against Third-party Liabilities :
Financial loss The death of third-party person of any third-party vehicle/car. Is covered against charges from damage including injury or disability.
Coverage against personal Accident :
Damage or loss due to natural calamities like floods or earthquakes or man-made causes is also covered under the comprehensive Car insurance policy provided by various companies. The major natural causes include thunderstorm, lightning, storms, storms, waterlogging, storms, cyclones, frost, HailStorm, rockslide and landslides. However, there are man-made factors like burglary, riot, theft, strike and accident, by external means, malicious acts and terrorist activity, rail, road, lift, lift, inland waterways or air transit damages which are incorporated in the policy agreement.
Additional Coverage :
Many policies provide extended coverage for other types of assistance for vehicles in addition to basic damage and loss coverage. However, the premium amount of the policy increases accordingly. The following are some of the additional benefits or add-ons that one can choose from for your car insurance policy-
Zero Depreciation Cover :
As the vehicle wears and tears slowly, the depreciation is a reduction in the vehicle’s price over the past few years. Therefore, many insurance companies protect the policyholders from the loss of depreciation and allow you to claim the amount for the replacement of the damaged car part or by the deprecation.
NCB Retention Cover :
The NCB or no claim bonus is a reward to the policyholder for not making any claim in the policy for more than a year. In addition, the NCB deposits can receive up to 50% discount over a 5-year period. So, the policyholders, who have claimed a single claim, cannot claim NCB. This is where the NCB retention cover applies where owners can claim under pre-determined limits, which have no effect for the period specified on the NCB.
Coverage against Damage or Loss :
A type of policy, called a comprehensive car insurance plan, covers the third party liabilities of the policyholder in case of any accident, resulting in death or disability or injury to a third party or damage to a third parties property.
Road Side Assistance :
Coming up with comprehensive car insurance policy, this feature saves you when your vehicle becomes stranded or is unable to move due to mechanical or electrical issues in the face of an accident or the middle of a remote area. It provides services like towing, start jumping of a battery, refilling fuel and service by mechanics.
Daily Cash Allowance :
While the policyholder has given his vehicle on the service and the car company holds the insured vehicle longer than the intended time period, the policyholder can claim the transport and cash for commuting through the add-on cover, which is called the daily cash allowance.