Car insurance providers in India offer two different types of policies- 3rd party and comprehensive insurance. An increasing number of car owners now prefer comprehensive car insurance for the valuable benefits it offers. Read this post to know 5 of the biggest benefits of a comprehensive car insurance policy.
Purchasing a car is one of the biggest milestones of life. A lot of hard work goes into making this dream a reality. Now that you have finally achieved this dream, the first important step is to make sure that it remains adequately protected at all times. Purchasing a car insurance policy is the best way to do so.
But search for car insurance policies online, and you will see that there are two different types of options- 3rd party and comprehensive insurance. An increasing number of car owners in India now prefer comprehensive policies for the valuable benefits they offer. Let us have a look at some of the most important benefits of comprehensive car insurance policies-
- Comprehensive Coverage
3rd party insurance is mandatory for every vehicle as per the Motor Vehicles Act. However, it only covers the damages caused to the 3rd party in case of an accident. Comprehensive policies, on the other hand, offer overall protection and cover 3rd party as well as own damages.
If your vehicle is damaged in an accident involving another vehicle, a comprehensive insurance policy will ensure that you are not required to pay for the expensive repairs that your vehicle might need.
- Coverage Against Weather Calamities
There are several cities in India where weather-related calamities are now getting increasingly common. For instance, in a city like Mumbai, it doesn’t take more than a few hours of rains to flood the streets. Such calamities can result in severe damages to your car.
With a comprehensive insurance policy, your prized possession will remain protected against such weather calamities too. Be it floods, storms, landslides, or earthquakes, any damage caused to your vehicle due to natural calamities will be paid for by the insurance provider.
- Coverage Against Man-Made Acts
Apart from natural disasters, even the damages caused to your vehicle from man-made acts are covered in a comprehensive policy. Most of the plans generally include man-made acts such as theft, burglary, explosion, riots, terrorist activities, and malicious acts.
Such acts can cause significant damages to your vehicle, and the repair costs can be very expensive. By purchasing a comprehensive insurance policy, you can keep yourself protected against such events that can put much stress on your finances.
- Covers Medical Expenses
It is very common for road accidents to result in bodily injuries, which can be very serious at times. If you or the other party involved in the accident suffers from physical injuries in an accident, a comprehensive policy will also pay the medical expenses.
As the healthcare costs are very high in India, such accidental injuries can require you to spend a lot of money on treatment. By purchasing a comprehensive policy, you can rest assured that not only your vehicle but even you remain protected at all times.
- Add-on Covers
With a comprehensive vehicle insurance policy, you also get the option to purchase many different types of add-on covers. Some of the most popular options include zero depreciation cover, roadside assistance cover, NCB protection cover, and key replacement cover.
With the help of the add-on covers, you can significantly increase the scope of your car insurance policy and experience better features and benefits.
Increased Financial Safety with Comprehensive Car Insurance
Comprehensive car insurance policies offer end-to-end coverage to the car owners. It functions as a safety net which protects the car owners financially in case if they are involved in any kind of road accident.
If you are looking to purchase car insurance, try to know more about the benefits of a comprehensive policy to pick the best for your dream car.