A car insurance can help you offset substantial financial loss that you may incur because of damage caused to your car
A car insurance can help you offset substantial financial loss that you may incur because of damage caused to your car. Know about important inclusions of a car insurance plan.
According to the 1988 Motor Vehicles Act, it is a mandate for every car owner in India to have vehicle insurance. Although the coverage that one motor policy offers differs from another, most insurance providers generally cover the following:
Bodily injury liability
Any bodily injury caused to people involved in a car accident is covered.
Property damage liability
This aspect of car insurance offers coverage on any property damage (a car for example) of the third party due to an accident caused by the insured’s car.
Any medical expenses incurred by the owner and the passengers of the car owing to a car accident are taken care of.
Uninsured and under insured driver coverage
Often it so happens that the driver of a car that has been involved in an accident has little to no insurance. In such cases, the car insurance policy covers any bodily injury loss and in certain cases even covers property damage.
Collision and comprehensive coverage
Any damage caused due to insured’s car colliding with another car or object is taken care by most insurance policies. These policies also cover losses due to theft of car as well as damage of car due to natural calamities.
It is important to know these car insurance details before opting for one. While these are constant when it comes to comprehensive car insurance policy coverage, there are a couple of things that a car insurance policy does not cover. Here is a list of a few exclusions that you as a car owner should be aware of as it helps in having a hassle-free motor accident claim.
No coverage is provided in the following cases:
If the driver is under the influence of alcohol or any other intoxicant
If the driver does not possess a valid license
If the engine is damaged due to oil leakage
In case the insured has not adhered to the manufacturers guidelines on how to use the car, which has thus resulted in damage to the car
Damage caused to the car due to war, terror attacks, or other such manmade calamities
Accidental loss that is deliberate in nature or in other words ‘staged’
Besides these, a claim is not recoverable if the insurer has rejected the claim the first time and the insured has not taken up this matter in court within 12 months of claim rejection.
It is essential to know all the necessary details of your car insurance policy before opting for any. Today, online insurance has made all information easily accessible to us at any time. You may get an auto insurance quote online. Your policy details are also easily available on the insurance provider’s website.
So, whether you are buying third party car insurance online or comprehensive car insurance cover, turning to the Internet for all your insurance needs is the best way forward.
I/we give my/our consent to receive information in respect of policy servicing, claim servicing, updates on my policy, updates on new and existing product, marketing or servicing my relationship with Kotak Mahindra General Insurance Company Limited, its group companies/associates or agents through Telephone/Mobile/SMS/e-Mail, etc. Further, i/we understand that my/our consent to receive calls/communications shall be valid and shall prevail over my/our current or any subsequent registration of my/our number for the NDNC and shall continue to be treated as my/our consent/acceptance. (If you do not wish to accord your consent, please submit a Do Not Call (DNC) form alongwith this form.
I/we have understood the form, including the clause on consent to call, and i/we have agreed the same after understanding and accepting the terms contained therein.
Must have Add On Covers for Car Insurance
A basic comprehensive car insurance covers damage to car, 3rd party liability and theft & loss of vehicle.
Right time to buy vehicle insurance
Buying a vehicle insurance is an important decision and you need to ensure that you make a timely purchase of vehicle insurance
Know How Car Insurance Premium Is Calculated
Car insurance premium calculation is based on various important factors. Learn about these factors.
Rules to follow for safe driving
Know About The Important Road Safety Rules To Follow
Significance of a motor vehicle insurance policy
Apart from financial security, know in what all ways a motor insurance policy is significant.
Maintenance tips for car engine
Follow these maintenance tips and buy a car insurance with engine protection cover to keep engine secure.
Monsoon Tips for Car
Simple tips to help you stay safe and keep your car moving ahead during monsoon.
What is Zero Depreciation Cover
Read on to understand what is zero depreciation car insurance cover and how it works.
Questions Regarding Motor Insurance Policies
Essential questions answered about motor insurance policies in India.
Online Motor Insurance Policy Benefits
Know about the benefits of buying motor insurance online.
To optimise our site experience on your handheld device, please hold your phone vertically.