A comprehensive plan provides complete damage protection due to accidents or road-mishaps. It is comprehensive as it covers damages to the car,third-party legal liability, theft, along with the personal accident coverage.
Coverage against any legal liability arising out of injuries to a third-party when the policyholder is at fault is known as third-party insurance that covers against damages and injuries caused by the insured vehicle, to a third-party person or property as is mandatory to own by every motor vehicle in India as per the Motor Vehicles Act, 1988.
A comprehensive plan is always more advisable as it provides coverage against a gamut of factors and is especially helpful in protecting your luxury cars.
It helps one be protected against -
Vandalism or theft.
Damage from glass.
Flood with is a common claim for insurance especially in tropical countries.
Third party liability
Damage caused by animals.
Damage caused by falling objects – can be fruits/defence missiles/construction material.
Damage from natural disasters like flood, hurricane, tornado etc.
Mechanical or Electrical breakdown
A common factor is tubes and tyres. It is a very frequent change that happens but insurance companies don’t hold themselves responsible for that as it is ascribed to bad driving. 50 % of the total replacement charges in case of accident causing damage to tubes & tyres
In case the driver be driving without a valid driving license
In case the driver be driving under the influence of intoxicants
Loss due to mutiny war or nuclear attack
Aging of the car that is bound to depreciate the value as well.
Natural time borne wear and tear of the vehicle.
Benefits Of Owning A Third-Party Car Insurance Plan
No damage protection against accident.
2. If belongings are damaged or stolen.
Car Valuation – Low valued cars better protected under Third-party insurance claims as repair bills can be afforded in comparison to the high premium of a comprehensive plan. Luxury cars call for Comprehensive Car Insurance Plans.
Coverage – Third party coverage seeks to alleviate your bills if ever your car was to cause harm to a third-party vehicle. If seeking coverage for one’s own car, one needs to opt for a Comprehensive plan.
Expense Involved – Better to not regret later and be safe by buying a comprehensive Insurance plan. One stands to lose his entire savings in case of an unfortunate incident.
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