Types of Four-Wheeler Insurance

Insurance is a decision that requires a lot of awareness and knowledge. If you are planning on buying a four-wheeler, it is crucial to understand the different available insurance policies. The Indian insurance market is an ideal example as they provide various options that can be customized according to your requirement.

Third-Party Liability Only Cover: 

The Third-Party Liability Cover provides you with the following benefits: 

  • Cost of repairs/replacement of damaged vehicle of the third parties
  • Cost of hospitalization and treatment of the third parties
  • Liabilities arising out of the death of the third parties

A third-party car insurance coverage is essential for driving on the roads. The sum assured should be in terms of the driving conditions and significantly high to avoid any unnecessary payments from your side.

Collision Damage or Own Damage (OD) Cover:

When choosing a Collision Damage insurance coverage, the cost of repairs on your vehicle that is damaged is reimbursed. In order to determine the cost of collision coverage, its age and Insured Declared Value are taken into consideration to arrive at the premium that suits your requirement. 

When a claim is lodged under the collision coverage policy, the maximum amount payable is given by the Insured Declared Value less accumulated depreciation. You should maintain a collision cover if you have purchased your vehicle on loan.

Personal Accident Cover:

Suppose you wish to protect yourself, i.e., the owner/driver of the car, by opting for reimbursement of your medical expenses after an accident. In that case, you should consider getting personal accident car insurance coverage.

Zero Depreciation Insurance:

On the off chance that your vehicle is damaged and you need to replace its parts, the insurer will then consider the depreciated value of the parts for a claim settlement. A Zero Depreciation Cover will then help you get the entire claim amount without accounting for any depreciation in the costs. This coverage is usually offered as an add-on to car insurance policies in India.

Comprehensive Car Insurance:

Comprehensive car insurance is the most preferred insurance option in the market. This is because this type of coverage gives you the highest level of protection, including liability of any third parties, damage to your own vehicle, personal accident cover, and all non-collision damage such as storms, floods, fire, and theft. You can further enhance the comprehensive car insurance policy with a choice of add-ons.

Despite this list of insurance covers available, it’s always best to contact your provider and ask them for the best four-wheeler insurance. If you’d like to know what cover is the best for you, you can contact us, and one of our experts will give you a breakdown of what exactly you should be looking for in your four-wheeler insurance. This enables your provider to consider all your options and will suggest one that is the most suitable for you. 

To know more about four-wheeler insurance, click here


Comments are closed.

سایت شرط بندی معتبر ایرانی

سایت های پیش بینی ایرانی

شرط کده


بهترین سایت های پیش بینی

شرط برو

جسوس بت

سایت های پوکر آنلاین

ایران بت

انجمن پیش بینی ایران





sekabet giriş








betting sites of tanzania






مل بت


slot gacor

slot joker6969 deposit pulsa

daftar joker6969

slot gacor deposit pulsa

slot online gacor

slot gacor

daftar slot gacor

slot joker6969