Comprehensive Car Insurance

What Is Comprehensive Car Insurance Policy Coverage?

A comprehensive car insurance is a plan package that offers coverage for the loss and damage sustained by both parties involved in the accident/mishap. It includes comprehensive insurance coverage for the damages incurred by the insured vehicle/car as well as third-party liabilities. It is an all-inclusive comprehensive insurance coverage plan.

Policyholders can enhance the coverage of a comprehensive policy with the help of a number of add-on covers such as zero depreciation cover, NCB cover, Bi-fuel kit cover etc., which are available with it. Although a comprehensive car insurance policy is not mandatory by law unlike a third party only car insurance policy, it is nonetheless recommended.

What are the Features of Comprehensive Car Insurance Policy?

Below mentioned are some key features of a comprehensive car insurance policy:

• Provides compensation for third party liabilities arising due to an accident caused by the policyholder/driver of the insured car.
• Compensation for the damages sustained by the insured vehicle is provided under a comprehensive car insurance policy.
• Personal Accident cover for the policyholder/driver is offered under a comprehensive car insurance policy.
• Provides coverage for third party liabilities and eliminates the need to purchase a third party insurance policy separately to insure the vehicle.
• Various add-on covers are available under a comprehensive car insurance policy. You can opt for add-on cover to enhance the coverage offered under the comprehensive car insurance policy.

Comprehensive Car Insurance Claim Procedure

Below mentioned are some steps that you can follow to file a claim for your comprehensive car insurance policy:

Step 1: Register your Claim: Visit the official website of your insurance company, ditch the paperwork and register your claim on the website, by logging into the website with the username and password used at the time of purchasing the policy.

Step 2: Fill the Form and Submit Documents: Download and fill the claim intimation form with correct details such as car insurance policy details, details of the insured vehicle, details of the owner of the insured car etc. and provide supporting documents along with the claim intimation. Upload the form and supporting documents on the website.

Step 3: Self Survey or Digital Survey: You can opt for self-inspection under which you can provide images while inspecting the vehicle for the damage caused to the vehicle. You can also opt for a digital survey which shall be conducted by the surveyor or workshop partner.

Step 4: Track your Claim: After you informed the insurance provider, filled the form, submitted the required documents and completed the survey, you can track your claim status on the website.

Who Should Buy Comprehensive Car Insurance?

Do you have a doubt if a comprehensive car insurance policy is suitable for you or not, below mentioned is the list of people who should consider purchasing a comprehensive car insurance policy:

1. New Car Owner: Purchasing a car is just like making a big investment. To ensure that your new car is insured fully, you should opt for comprehensive car insurance policy because this policy provides coverage for stand alone own-damage and third party liabilities.

2. Fancy Car Owner: Fancy cars are a huge investment and tend to get broken into or stolen more often as compared to regular cars. A person who owns a fancy car such as a BMW/Mercedes should consider a comprehensive car insurance policy to keep your prized possession secure from damages/theft.

3. Road Tripper: If you love to travel to different places and cities by your own car then you must have a comprehensive car insurance policy to safeguard your car from any emergency and you can also consider a roadside assistance add-on.

4. A resident of Metropolitan City: If you are a resident of a metropolitan area/city then you should consider purchasing a comprehensive car insurance policy to safeguard your car from the risk of accidents, traffic, pollution etc.

5. Overprotective Car Owner: If you are a person who easily gets worried even if you see a single scratch on your car, then you must have a comprehensive car insurance policy because this policy will provide peace of mind while you are driving.

Why Should You Upgrade To Comprehensive Car Insurance?

People quite often make the mistake of purchasing a third party car insurance policy because it’s very affordable and mandatory. What they miss out on is that a third party car insurance policy does not provide compensation for cost of repairs in case of small accidents or damages to the insured vehicle. Despite the fact that a comprehensive car insurance policy may be more expensive than a third party insurance, it does provide more coverage. Below mentioned are some reasons that justify why one should consider a comprehensive insurance policy for their car:

1. Value for Money

When it comes to cost, comprehensive covers prove to be more economical and cost-effective in comparison to the third party plan. A comprehensive policy might look to be a little costlier than third-party insurance, but when you compare the level of damages they insure, the former proves to be the value for money option.

2. Covers Car In Several Situations

Unlike the third party car insurance cover, a comprehensive insurance policy covers your car too along with your third party liabilities. From theft, accident, fire, natural calamities and man-made disasters to liability towards the third party, this cover takes care of everything.

3. Enhancement of Coverage

The third-party car insurance cover gives a limited coverage option, while the comprehensive car insurance gives an extensive cover which can further be extended with the inclusion of add-on covers. By paying a little more premium you can get as many add-ons as suits you.

Is Comprehensive Car Coverage Full Coverage?

A comprehensive car insurance policy can provide maximum coverage to your car. Especially when you customise the policy by adding a suitable add-on to the policy. Comprehensive policy covers damage to the car due to accidents, car theft, losses to a third party, damage to the car due to natural damages, personal injuries or death caused in an accident, damages caused in a fire. Comprehensive car coverage is full coverage.

Is it Worth Getting Fully Comprehensive Car insurance?

A comprehensive car insurance policy can be a blessing for all car owners as it provides monetary help on repair or replacement expenses of your car in case of accidents or damage to your own car. A comprehensive car insurance policy saves your money, provides coverage to your car and covers you legally as it already provides cover for third-party damages. It is safe to say that it is worth it to have a fully comprehensive car insurance policy.