Comprehensive car insurance is a type of insurance that covers all the risks that are associated with owning a car. It includes liability coverage, collision coverage, and comprehensive coverage. If you have comprehensive coverage, you will be able to drive your car without worrying about any damage or loss.
This is an important question because if you don’t have comprehensive car insurance, there are certain risks that you might not be aware of. Here are some examples:
- If your car gets stolen and the thief damages it in the process, then you won't be able to claim for any damages.
- If someone hits your vehicle and causes significant damage to it, then you might not be covered for those damages either.
Can I Drive Any Car With Fully Comp Insurance?
It is not possible. When it comes to insurance, having a fully comprehensive policy can give you peace of mind when driving any car. With this kind of coverage, you will be insured for a wide range of eventualities, including damage to your own vehicle and third party liabilities. However, there are some limits to this type of insurance that you should be aware of before driving any car with full comprehensive coverage.
What is Comprehensive Car Insurance Policy?
Comprehensive car insurance is an all-around car insurance policy that covers you from both third-party damages & losses, and your damages. This includes protection from unforeseen losses such as an accident, natural calamities, fires, or theft. It is also known as 'own-damage' or a 'other than collision' car insurance as this policy also protects you financially against any losses that might arise not due to collision.
A comprehensive car insurance policy is the most superior kind of protection you can provide your car with. It is one step ahead of the basic third-party car insurance policy that offers protection and security only for the third-party or the vehicle you dash into. Comprehensive insurance on the other hand provides extensive coverage and offers more services.
Policyholders can enhance the coverage of a comprehensive policy with the help of several add-on covers such as zero depreciation cover, NCB cover, and Bi-fuel kit cover, etc., which are available with it. Although a comprehensive car insurance policy is not mandatory by law unlike a third party only car insurance policy, it is anyway recommended.
Is unnamed passenger cover in comprehensive car insurance?
Yes, unnamed passenger covered in comprehensive car insurance. Comprehensive car insurance policy includes Third party cover as well as Own damage cover. The unnamed passenger cover is included in the third party section of the car insurance policy. It mentions the personal accident coverage for unnamed passengers travelling in your car at the time of accident. The maximum liability of the insurance company in case of unnamed passenger cover would be Rs.2 Lacs per passenger.
How to Calculate Comprehensive Car Insurance?
The cost of car insurance can vary drastically depending on the type of car you own and the location where you live.
Comprehensive car insurance is a must-have for any car owner. It covers the cost of damages that are not covered by your other insurance policies.
The process of calculating comprehensive car insurance is quite simple if you have a few basic things in hand. You will need to know how much your vehicle costs, how much it would cost you to repair the damage and what the deductible is.
When To Stop Comprehensive Car Insurance?
It is not always necessary to buy the most expensive car insurance policy. There are certain times when you should stop your comprehensive car insurance and just buy third party liability.
The most important time to stop comprehensive car insurance is when you have a new car or the car is 5 to 6 years old. The reason for this is that the cost of comprehensive insurance tends to be very high on a new vehicle, which can be unaffordable for some people.
When it comes to buying third party liability, there are certain conditions where you should do so as well. For example, if your vehicle has been involved in an accident or if it has been stolen and you don't want comprehensive coverage anymore because of the costs associated with it.