Car/Bike/Auto Insurance; what is covered and what is not covered in insurance?

 

Auto insurance

Auto insurance, often known as motor insurance, protects you and your car in the event of an accident, theft, or damage to another person's or business' property. The cost of repairing or replacing your vehicle after an accident or natural disaster is significantly reduced with comprehensive auto insurance.

There are essentially three distinct kinds of auto insurance:

1.   Third-party liability,

2.   Standalone on damage (OD), and

3.   Full coverage.

The policy also protects the owner-driver in the event of an accident. Having auto insurance and renewing it on time is not only required by law, but also highly recommended for your peace of mind on the road.

New Optional Coverage Plan in new insurance types:

(Drive as Much as You Want, Pay the Same Amount)

Car insurance costs might seem like a lot to pay if you rarely use your vehicle. Some Insurers provides the new product naming as On Damage Premium which is linked to the vehicle used, making the procedure easier and providing additional benefits. Insurance Protection for Extra KM Benefits

Take the example of travelling 10,000 kilometres in one policy year. If your automobile travels more than 10,000 kilometres during the policy year, you will be eligible for a reimbursement of up to 25 percent of your Basic On-Damage Premium. In the event that you let your policy expire without renewing it with us, you will be protected by your current private auto insurance policy at no additional cost to you. Whenever you go for renewal of insurance policy you will be eligible for the no claim bonus, In which you will get 5% discount on basic and on damage premium.

In following details we will understand, What exactly is included in car insurance?

And What isn't included?

What your auto insurance covers is determined on the policy you select.

In the event of an accident involving your vehicle, third-party auto insurance will protect you against the following sorts of financial responsibility:

1.   Injuries to the body

Has the automobile caused any harm to anyone else? Insurer will see to your medical needs, so you need not worry. Medical expenses are covered under this policy.

2.   Death of human being's during accident

If someone is killed in an accident that you cause, insurer will pay for the financial damages.

3.   Damages to property

When your vehicle causes damage to someone else's property, this coverage will pay for the repairs.

Comprehensive car insurance:-

Insurance packages that cover everything take it a step further by insuring your vehicle against third-party claims (such as those listed above), which may include -

1.   Accidents

You must have been in an accident if your automobile is damaged. There is no need to fret; our auto insurance policy will take care of all of the monetary fallout.

2.   Inferno and detonation

There is no need to worry about paying for repairs if something like a car fire or explosion should happen to your vehicle since insurer will take care of it.

3.   Theft

When we're on your side, you won't have to worry about losing or having your automobile stolen. Get your money back if your automobile is stolen.

4.   Causes both natural and anthropogenic catastrophes

Some insurers includes all-inclusive, covering damage from both natural disasters like cyclones and hurricanes and man-made threats like riots and strikes.

 

5.   Damages during transit:-

Comprehensive auto insurance policy will pay for repairs to your vehicle if it is damaged while being transported through road, rail, air, or sea.

6.   Insurance in case of an accident

Insurer will pay for your medical care if you are injured in an accident involving your insured vehicle.

 

Following are not covered under car insurance:-

1.   Vehicle Regular wear and tear:-

Your car will get aged over the period of time so there is requirement of carrying out day to day maintenance of vehicle. Parts used during that maintenance will not be covered under the insurance policy.

2.   When you are driving your vehicle without mandatory documents which are required as per applicable law such as PUC (Pollution under control) document, Driving licence, Vehicle RC and you met with an accident then claim will be rejected.

3.   Don’t use personal car for commercial activities as in that case insurance claim will be get rejected.

4.   If you carry out modifications in the vehicle after taking insurance, then insurance claim will be rejected.

5.   Traffic rules violations:-

If you are not obeying traffic laws and disobeying the road safety rules such as not following traffic lights, Drunk and drive, rash driving etc. then your claim will be get rejected.

6.   Vehicle insurance don’t cover your personal belongings which if get stolen along with your vehicle.

7.   If you are driving someone else vehicle and any accident happened then claim will be rejected.