Car insurance is an integral part in terms of protection against any unforeseen circumstance arising out of accidental damage or loss. There are mainly two types of coverage available with car insurance policies. However, not everyone knows what each of these car insurance plans covers. It’s very important to educate yourself regarding the different types of cover available with your motor insurance policy and you must also know what is covered under each plan. Let’s figure out what the two different types of car insurance policies cover below.
Third-Party Liability Only Car Insurance Policy Coverage The liability only motor insurance policy covers the vehicle owner's legal liability claims to pay compensation for the followings:
Bodily injury of a third party
Death of a third party person due to an accident.
Damage to any third party property.
Liability is covered for an unlimited amount with regard to the injury or death and damage to third party property for a sum of Rs.7.5 lacs under Commercial vehicles and private cars.
Comprehensive Car Insurance Policy Coverage
Comprehensive or package car insurance policy covers both third-party legal liability and own damage. This is the best motor insurance plan that you must go for. Find out what comprehensive car insurance policy covers below:
Damage to your vehicle due to self-ignition, fire, lightning, explosion.
Housebreaking, burglary, theft.
Inundation, Flood, Typhoon, Hailstorm, Hurricane, Cyclone, Storm, and Tempest
Strike and riot.
Earthquake (Fire and Shock) Damage.
Accidental external means.
Malicious Act.
Terrorist Act.
Ad damage or loss to the car while it is in transit through road, inland waterway, lift, elevator, rail, air, etc.
Damage from landslide/Rockslide
It’s however suggested to go for the comprehensive protection since this plan comes with both third-party coverages as well as own damage cover. However, before you buy or renew your car insurance policy with any particular insurer, make sure you compare car insurance online to avail the best coverage at affordable prices. At GIBL.IN you can instantly and easily compare a number of car insurance policies from the top insurance companies and renew auto insurance your policy without any hassle.
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