Car insurance, also known as motor insurance, offers protection to the vehicle owner and their car against different risks. Car insurance is typically divided into two parts :
Own Damage
Third Party
Vehicle Insurance
Vehicle Insurance
Car insurance, also known as motor insurance, offers protection to the vehicle owner and their car against different risks. Car insurance is typically divided into two parts :
Own Damage
Third Party
Own Damage
This section covers first party losses. It covers losses caused to the owner of the vehicle due to an unforeseen accident. It is a protection for your car against :
Collision with another vehicle or object
Riots, Strikes and Terrorist Acts
Theft, Housebreaking or Burglary
Natural Acts like Earthquake, Floods, Cyclones, etc.
Damage while in transit via railways, roadways and waterways
This section covers first party losses. It covers losses caused to the owner of the vehicle due to an unforeseen accident. It is a protection for your car against :
Collision with another vehicle or object
Riots, Strikes and Terrorist Acts
Theft, Housebreaking or Burglary
Natural Acts like Earthquake, Floods, Cyclones, etc.
Damage while in transit via railways, roadways and waterways
Car insurance has evolved extensively over a period of last few years and a set of add-on covers have been developed to provide a 360° protection to a car.
Car insurance has evolved extensively over a period of last few years and a set of add-on covers have been developed to provide a 360° protection to a car.
Zero Depreciation
Zero Depreciation
Full reimbursement without deducting for depreciation.
Full reimbursement without deducting for depreciation.
Consumables
Consumables
Coverage for consumable items like nuts & bolts, oils and fluids.
Coverage for consumable items like nuts & bolts, oils and fluids.
Engine Protect
Engine Protect
Covers repair or replacement costs for the engine due to ingress of water.
Covers repair or replacement costs for the engine due to ingress of water.
Key Protect
Key Protect
Reimbursement for stolen keys
Reimbursement for stolen keys
Tyre Protect
Tyre Protect
Coverage for repair or replacement of damaged tyres due to an accident.
Coverage for repair or replacement of damaged tyres due to an accident.
Return to Invoice
Return to Invoice
Guarantees the invoice price of new car in case of total loss.
Guarantees the invoice price of new car in case of total loss.
Roadside Assistance
Roadside Assistance
Help with breakdowns, towing, and minor repairs.
Help with breakdowns, towing, and minor repairs.
Emergency Hotel or
Transport
Emergency Hotel or
Transport
Covers accommodation and travel costs during vehicle repairs.
Covers accommodation and travel costs during vehicle repairs.
Network Hospital
Network Hospital
Compensation for personal belongings damaged or lost in the insured vehicle.
Compensation for personal belongings damaged or lost in the insured vehicle.
Third Party
Third-party car insurance is designed to cover liabilities towards third parties, offering protection against damages to their property or injuries to their life caused by your vehicle. However, it does not provide coverage for damages to your own car or injuries or death of the car owner or driver. It is important to note that purchasing this basic car insurance coverage is mandatory to comply with the legal requirements outlined in the Motor Vehicles Act of 1988.
Insurance companies do not have control over the pricing of third-party car insurance, unlike comprehensive policies. The Insurance Regulatory and Development Authority of India (IRDAI) determines the premium for third-party car insurance based on the cubic capacity of the car's engine.
Third-party car insurance is designed to cover liabilities towards third parties, offering protection against damages to their property or injuries to their life caused by your vehicle. However, it does not provide coverage for damages to your own car or injuries or death of the car owner or driver. It is important to note that purchasing this basic car insurance coverage is mandatory to comply with the legal requirements outlined in the Motor Vehicles Act of 1988.
Insurance companies do not have control over the pricing of third-party car insurance, unlike comprehensive policies. The Insurance Regulatory and Development Authority of India (IRDAI) determines the premium for third-party car insurance based on the cubic capacity of the car's engine.
CONTACT US
506, VISHWAKARMA SANKUL, PRATAP NAGAR JALGAON- 425001
The content on this website is intended for educational purposes only and is not meant to be construed as legal, financial, or any other type of advice. Any losses or damages experienced by the user or related parties, whether financial or otherwise, based on the information provided on this website, are not the responsibility of the website or any affiliated parties. It is recommended to consult with appropriate professionals for personalized advice and guidance.
© Win Insurance Brokers LLP
CONTACT US
506, VISHWAKARMA SANKUL, PRATAP NAGAR JALGAON- 425001
The content on this website is intended for educational purposes only and is not meant to be construed as legal, financial, or any other type of advice. Any losses or damages experienced by the user or related parties, whether financial or otherwise, based on the information provided on this website, are not the responsibility of the website or any affiliated parties. It is recommended to consult with appropriate professionals for personalized advice and guidance.
