What is Comprehensive Car Insurance Policy – Know Everything


5 min read

Balaji booked a new car from a showroom and wants to buy an insurance policy. He consulted with a few experts and many of them suggested purchasing a policy online that comes with comprehensive coverage. He decided to follow the advise and bought the same from an insurer to give himself a comprehensive car insurance protection umbrella.

Buying car insurance online involves several things, and one should evaluate them carefully before proceeding to buy a policy. Selecting the right type of car insurance will help a person overcome unwanted complications while driving a vehicle.

Why should car owners buy a comprehensive insurance plan?

A car insurance plan is necessary for those who want coverage for accidental death, high engine repair costs, third-party liabilities, thefts, natural calamities, and other problems. Comprehensive car insurance provides complete protection to a vehicle owner by addressing his/her needs related to above mentioned circumstances. Not only that, it covers personal accidental coverage to the owner or driver of the car, thereby helping to receive better compensation for injuries, disabilities, and death. Another thing is that it includes add-ons enabling a policyholder to gain more advantages.

What is covered under a comprehensive car insurance plan?

Car owners should know the features offered by a comprehensive plan that will help a lot to make an informed decision. Some of them include accidental damages, fire damages, car thefts, vandalism, in-transit car damages, accidental death coverage, personal accidental death, etc. At the same time, it is important to understand them in detail that will help claim amounts with ease. A car insurance plan should satisfy an owner’s requirements while buying it from an insurer. While buying a new plan, customers should keep certain things in mind to meet their essential needs.

Knowing more about add-ons to customize a plan

The car insurance plans come with add-ons, and customers should gather more details about them when they want to customize their plans. They are suitable for increasing coverage levels by paying an additional premium. Some of them include:

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1. Zero-depreciation cover

The zero-deprecation cover is available for cars that are below five years old, allowing an owner to avoid paying for the depreciation value of a car during a claim settlement.

2. Tyre-protection cover 

This feature allows a car owner to protect the tires from damages or loss caused during non-accidental situations.

3. Engine & Gearbox protection 

Engine & Gearbox protection feature allows a car owner to replace an engine and gearbox for all situations except accidents.

4. Conveyance coverage

Conveyance coverage lets a car owner get a daily conveyance benefit from an insurer to choose other modes of transport when a car undergoes repairs in a garage.

5. Key replacement coverage 

The coverage enables a car owner to get the replacement keys if they lose their original keys.

6. No-claim bonus protection 

No-claim bonus protection is a feature offered by a car insurance plan when car owners move to the next slab, even if they make a claim.

7. Return to invoice 

Return to invoice enables a car owner to get the insured declared value (IDV) which is equal to the purchase value of a vehicle. It is ideal for those who have just purchased a new car which gives ways to receive IDV instead of the current market value.

Why should one buy a comprehensive car insurance plan?

  • Satisfies the legal requirements: A car owner should satisfy the legal requirements while driving a vehicle on the roads to reduce mental worries. Buying comprehensive car insurance coverage provides ways to get high protection from legal issues and other problems.
  • Claim assistance services: Most insurance companies offer a claim assistance service for car owners when they want to know the steps involved in the claim process. They allow a person to raise a claim as soon as possible during emergencies.
  • Own damage coverage: Buying a car insurance plan with comprehensive coverage gives ways to get coverage for damage and not just for third-party claims.
  • Provides total protection: Choosing a policy with comprehensive car insurance coverage enables a car owner to ensure total protection by addressing the exact needs.
  • No need for separate third-party insurance: A comprehensive insurance plan for cars enables a person to avoid the need for buying a third-party insurance policy that will help save more money.
  • Saves money: The primary advantage of a comprehensive insurance plan is that it gives ways to get coverage for own damage and third-party damages under one policy.

Is it possible to get coverage for car repairs under comprehensive coverage?

Most car owners doubt whether full coverage car insurance covers repairs in a garage or not. Having a car insurance plan allows a person to get coverage only for damages caused by accidents and collisions. It doesn’t provide coverage for normal repairs, and car owners have to pay amounts from their pockets. At the same time, customers should check with an insurer before buying a policy.

How to buy the best car insurance plans?

Anyone who wants to buy a car insurance plan at the best prices can search for the details online to help make the right decision. PayBima offers a more comprehensive range of car insurance plans on one platform where customers can compare different plans with precisely the features that fit their requirements. It allows insurance buyers to pick a plan with the best features, thereby ensuring a safe drive on the roads. Apart from that, the platform is the right place for those looking for car insurance plans with maximum discounts that give ways to reduce expenses. Also, it allows car owners to get advice from leading insurance agents from insurance companies when buying a plan. One can even calculate the premium amounts by entering certain important details, enabling a car owner to proceed further.

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FAQs: What is Comprehensive Car Insurance Policy

What is comprehensive insurance?

Comprehensive insurance is a comprehensive auto insurance plan that addresses risks associated with damage to the insured vehicle. As was already mentioned, comprehensive car insurance combines own damage and third-party coverage.

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Mar 02, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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