Buying a car can be an exciting experience. But unfortunately, roads can be dangerous sometimes. No matter how much you take care of, something may go wrong.Hence, protecting yourself and your car against various risks is crucial. How can you do that? The answer is through buying comprehensive car insurance.
Comprehensive car insurance considers several risks your car is exposed to. This write-up discusses what Reliance General's comprehensive risk policy covers and its benefits.
What is Comprehensive Car Insurance?
Indian motor laws require you to have third-party insurance to drive a car. It offers financial and legal relief if your car injures a third party or damages their property. However, it does not cover your losses.
This is where a comprehensive all-risk insurance policy comes in. Under this, the insurer compensates you for third-party liabilities and damages to your car in exchange for premiums.
Comprehensive car insurance is not mandated by law. However, considering the ever-increasing incidents of road accidents, natural disasters and theft, buying one for your car’s safety is wise.
Risks Covered by Comprehensive Car Insurance
The Reliance General Insurance comprehensive car insurance covers a wide range of risks, including the following:
Third-party liabilities
The policy covers third-party financial and legal liabilities resulting from accidents involving your car. It covers physical injuries, death and property damage to a third party.
Natural calamities
Comprehensive insurance compensates for car damages caused by natural disasters like floods, earthquakes, cyclones, etc.
Man-made risks
A comprehensive all-risk policy covers man-made disasters that may damage your car. These include riots, vandalism, terror attacks, etc.
Theft
The policy compensates in case of theft of your car. It also covers total or partial damage due to housebreaking or burglary.
Fire
Comprehensive car insurance covers fire-related risks such as self-ignition, fire, explosion, etc.
Benefits of Comprehensive Car Insurance
Comprehensive all-risk insurance from Reliance General is a great way to enhance your car’s protection and overcome third-party liabilities. Now that you are familiar with the extent of coverage of this policy, here are the benefits of buying one:
Broader coverage
Buying a Reliance General Comprehensive Car Insurance policy broadens the scope of your car’s protection. It covers third-party liabilities up to ₹7.5 lakh. You also get extensive coverage for your own damages caused by various risks. This ensures financial security during a mishap, saving your hard-earned money.
Personal Accident Cover
Our comprehensive car insurance includes a personal accident cover of up to ₹15 lakh in case of death or injury of the owner-driver.
Single premium
A major benefit of comprehensive car insurance is dual benefits under a single premium. You do not have to buy third-party liability cover separately. The all-risk policy provides coverage against third-party losses and own damages through a single premium.
Add-on covers
One of the most amazing comprehensive car insurance benefits is the provision of add-on covers. You can customise your car insurance policy and enhance its coverage by adding suitable riders. We offer an extensive list of add-ons includingzero depreciation car insurance, roadside assistance, engine protection cover, etc. which you can get at a minor additional cost.
Peace of mind
Lastly, our comprehensive risk policy offers peace of mind. You can own and drive your car without worries since you know that we will take care of unfortunate events.
Legal compliance
With comprehensive car insurance, you do not have to worry about hefty fines or penalties since third-party insurance, which is legally mandated, is inherent in the policy.
Exclusions Under Comprehensive Car Insurance
Knowing about the exclusions under comprehensive insurance is crucial to avoid misunderstandings during the claim process. Here’s what the all-risk policy excludes:
Wear and tear
Comprehensive insurance does not compensate for the general wear and tear due to the car’s daily use.
Electrical or mechanical breakdown
Claims for damages caused by electrical or mechanical issues are not accepted.
Intoxicated driving
Car damages incurred while driving under the influence of drugs or alcohol do not qualify for claim initiation.
Driving without a licence
No financial relief is offered if your car sustains damages while being driven without a driver’s licence.
Driving outside geographical location
A claim will not be processed if the damages happen outside the specified geographical location.
Damage to tyres and tubes
Comprehensive risk policy does not cover any damage to your car’s tyres and tubes unless the damage occurs during an accident.
Lapsed policy
A claim is not accepted if your car insurance policy has been lapsed or expired. So, make sure you renew the policy before the due date.
Other exclusions
Claims raised for damages due to war or war-like situations, nuclear risks and using the car for illegal activities are also rejected.
Note:Understanding the various exclusions under comprehensive insurance is usually difficult. Make sure you clarify every doubt with Reliance General Insurance if you face any difficulty in understanding the policy wording.
Wrapping Up
The hustle and bustle of city life makes car insurance a necessity. You may drive with all precautions, but mishaps can happen anytime and anywhere. Experts recommend buying comprehensivecar insuranceespecially if you own a brand new or an expensive car. It protects from an array of threats and also allows you to enhance its safety through add-on covers.
At Reliance General Insurance, you can customise yourcomprehensive car insurancepolicy according to your needs at pocket-friendly rates. With us, you can buy car insurance online from our website in only 4 simple steps. Explore our car insurance plans and drive your car worry-free!
Frequently Asked Questions
Which is better, third party insurance or comprehensive insurance?
When it comes to price, third-party car insurance is an affordable option. However, it does not offer compensation for your damages or injuries. Comprehensive insurance, on the other hand, is slightly costlier, however, it provides compensation for your damages too. You can choose the option that best aligns with your insurance needs.
Can I switch from third-party to comprehensive car insurance?
Yes. You can switch from third-party to comprehensive car insurance during your policy’s renewal. All you need to do is follow the due process and submit the necessary documents.
Is it mandatory to buy comprehensive car insurance?
No. Comprehensive car insurance is not required by law but is highly recommended, especially if you have a new or luxury car.
Which add-ons are available under comprehensive insurance?
A few add-ons under comprehensive insurance by Reliance General include: