Motor package policy covers the loss or damage to the motor vehicle due to Fire, Malicious acts, Natural calamities, Theft, Accidental loss etc. and any third party bodily injury, death and property damage claims involving the insured vehicle. The motor package policy is also called as the Comprehensive package policy which includes third party cover and Own damage cover.
What Are The Exclusions Under Package Policy?
There are certain exclusions under the package policy in Car insurance, they are:
- Losses due to wear and tear would not be covered under car insurance as the loss is inevitable.
- Damage occurred to the vehicle if the insured was under the influence of alcohol or intoxicating substance.
- Any injury or damage caused to the property intentionally.
- Damage caused to the car due to an act of War.
- Damage or Loss caused to the car due to Racing.
- Loss or damage caused due to the usage of car other than that specified in the policy terms and conditions.
What is Private Car Package Policy?
A private car package policy is a type of car insurance policy that provides comprehensive coverage for private cars. It includes coverage for third-party liabilities as well as own damage to the insured vehicle due to accidents, theft, natural calamities, and other perils. The policy also offers optional add-ons such as personal accident cover, zero depreciation cover, and engine protection cover. Private car package policies are designed to offer complete protection to the policyholder's car against all possible risks, providing them with peace of mind while driving on the road. The premium for a private car package policy depends on factors such as the make and model of the car, the age and driving history of the policyholder, and the level of coverage selected.
What is Package Policy in Motor Insurance?
A package policy in motor insurance, also known as a comprehensive car insurance policy, is a type of insurance that provides coverage for both third-party liability and own damage to the insured vehicle. It covers damages to the vehicle due to accidents, natural disasters, theft, and other perils, as well as third-party liabilities arising from the use of the insured vehicle. In addition to the basic coverage, package policies also offer optional add-ons such as personal accident cover, zero depreciation cover, and engine protection cover. A package policy is generally recommended for those who want complete protection for their vehicle and peace of mind while driving on the road.
Does Car Insurance Cover Windshield Replacement?
Car insurance typically covers windshield replacement, but it depends on the type of coverage you have. Comprehensive coverage often includes protection for windshield damage caused by various factors, such as accidents, falling objects, or weather-related incidents. However, you may have a deductible to pay before the insurance kicks in. Some policies offer additional coverage, commonly known as "full glass coverage," which may cover windshield replacement without a deductible. To know the specifics of your coverage, it's essential to review your policy or contact your insurance provider.
Will Car Insurance Cover Flood Damage?
Car insurance in India typically covers flood damage under the comprehensive component of the policy. Comprehensive coverage is designed to protect your vehicle from various perils, including natural disasters like floods. However, specific terms and conditions may apply, and it's crucial to review your policy to ensure you have this coverage.
Will Car Insurance Cover Medical Bills?
Car insurance can cover medical bills for bodily injuries resulting from an accident. If you or your passengers are injured in an accident, your policy's Personal Accident Cover will provide compensation for medical expenses. This coverage is often optional and can be added to your standard car insurance policy.
Will Car Insurance Cover Water Damage?
Car insurance in India typically covers water damage to your vehicle if you have a comprehensive insurance policy. Comprehensive coverage includes protection against a range of perils, including natural disasters like floods. However, you should review your policy to ensure that water damage is included, and you may need to pay an additional premium for this coverage in some cases.
Will My Car Insurance Cover A Rental Car?
In India, whether your car insurance covers a rental car depends on your specific policy. Many car insurance policies offer an optional add-on called "Rental Car Coverage," which, if selected, can extend your coverage to rental vehicles. However, it's crucial to review your policy documents or contact your insurance provider to confirm the extent of coverage for rental cars. Keep in mind that there may be restrictions and conditions, such as the type of rental vehicle and the duration of coverage.