Car Insurance
Third party Car plan
A Car Insurance is a contract between the car owner and a general insurance company wherein the company provides financial support to the car owner in case of any unfortunate event where there is damage to the car. Car insurance safeguards your car against any financial loss that may occur in case of an accident or any unfortunate event. This agreement helps protect the interest of the policyholder against monetary loss due to car damage. The roads are uncertain and keeping this in mind, car insurance has been made mandatory in India under the Motor Vehicle Act, of 1988. Owning a car is exciting but it is also important to keep it secured with insurance given the rise of vehicles on the roads and accidents as well. A car insurance policy comes to the rescue when and lowers the cost of damage or repair significantly.
Comprehensive insurance coverage is defined as an optional coverage that protects against damage to your vehicle caused by non-collision events that are outside of your control. This includes theft, vandalism, glass and windshield damage, fire, accidents with animals, weather, or other acts of nature.
The former type of insurance protects you against financial and legal liabilities towards a third party. On the other hand, A COMPREHENSIVE CAR INSURANCE policy provides cover to your vehicle against damage due to accident, fire, theft, cyclone, flood etc. Along with this cover, it covers any third party liability.
1. Damage or loss to insured vehicle
In case your vehicle is damaged due to an accident, fire, or self ignition, you are protected. Furthermore, if the car suffers losses due to burglary or theft, strikes, riots, or terrorism, your insurance policy covers these. Another benefit of car insurance is that it covers loss or damage while in transit by rail, inland waterways, air, road, or lift.
2. Personal accident cover
Another advantage of car insurance is that it offers personal accident cover for a pre-determined amount. Personal Accident cover provides protection against permanent total disability, Death due to an accident. Furthermore, this cover can be taken for other passengers on unnamed basis (maximum as per the vehicle’s seating capacity) for a pre-determined amount under the car insurance policy.
3. Large network of garages
HDFC ERGO Car Insurance maintains a large network of garages across the country. This ensures you receive cashless services in all these locations, in case the need arises. This feature makes it convenient to avail of repair services in case of any damage to your vehicle.
4. Third party liabilities
If your car is involved in an accident that results in damage or loss to the property of any third parties, it is covered under the car insurance. Furthermore, if you face any legal liabilities in case of any bodily injury or death of a third party, your car insurance protects you against the same
.5. No claim bonus
One of the major advantages of having car insurance is the no claim bonus (NCB). Customer is eligible for this benefit for every claim-free year. This may be available as a discount on the premium, which makes car insurance even more
It is compulsory for all types of cars, old or new, to get car insurance, along with third-party insurance coverage. To be eligible to get this insurance, a person should be 18 years and above, a citizen of India, should possess a driving license, and should possess the RC of the car.
Car Insurance: Car insurance is the most common type of vehicle insurance. It offers protection for cars against damage due to accidents, theft, natural disasters, and vandalism. Comprehensive car insurance provides coverage for both third-party liability and damages to your own vehicle.
Other Plans
The professional team at Wadaag Insurance strives to help new business owners who are just getting started to bigger companies that have already seen years of success.
About Us