Why should you buy a more expensive comprehensive car insurance cover and not just a basic third-party cover? This question may have crossed your mind a number of times. So, what makes a comprehensive insurance policy so useful? Take a look at this article to know more about what such a plan covers and how it is beneficial for you to buy a comprehensive car plan.
How a comprehensive cover helps?
Listed below are the wonderful ways in which a comprehensive car insurance policy helps you
Covers third party liabilities – A third party liability cover is compulsory in India. When you buy a comprehensive plan, the third-party cover is automatically included in it. So, if you happen to hurt a third party or their property in an accident, your insurance provider will compensate the third party on your behalf. The car insurance online provider will also help you by paying your legal expenses if the third party drags you to court over a dispute stemming from the accident.
Own car damage – A regular third-party cover doesn’t offer any protection for your own vehicle. But a comprehensive car insurance online plan has provisions for own damage too. You can make a claim if your car is slightly or majorly damaged in a road accident. You can also get coverage against fatalities such as car theft, fire damage or loss due to calamities [natural or man-made].
Personal accident cover – A huge benefit of a comprehensive insurance plan is that it also includes the Personal Accident cover which is a part of the Third-party cover. As per the rules, if you die in a car accident, your family members get a sum assured. If you are left disabled, then too you receive a pre-decided amount of money that then becomes your income substitute.
Rider availability – You can opt for an Add-on cover when you buy car insurance online. However, riders are only available when you buy a Comprehensive plan. You can buy many useful riders. Some of the common car insurance riders include:
- Zero Depreciation rider – This rider protects your vehicle against fall in value due to depreciation.
- Engine Protection rider – Under a regular comprehensive plan, you don’t get protection for your engine. For this you need to buy the Engine Protection rider and keep the vehicle’s engine in great shape at all times.
- Roadside Assistance rider – The Roadside Assistance rider allows you to get assistance from your insurer if your car breaks down. A towing vehicle will reach you and take your car to the nearest network garage.
These are some of the best car insurance riders that you can get along with your comprehensive cover. So, choose them wisely and customize your car insurance policy in a way that you please.
NCB advantage – The no claim bonus, or NCB as it is popularly known, is a reward you get for driving responsibly and not making any claim. You can get this reward in the form of a discount on the following year’s premium. The NCB is a feature that is limited to a comprehensive cover and is not available in a basic third-party cover.
These are the main reasons why you should opt for a comprehensive plan. A third-party plan doesn’t have such a wide range of covers and may be insufficient for you.
The final word
If you have a new or an expensive car, don’t hesitate to buy a comprehensive plan. Such a cover may be a tad bit expensive, but it is useful and protects your vehicle in every possible manner. Do your research, run a comparison and locate the ideal plan.