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The car
insurance policy can be used for social or domestic purposes
as well as business and pleasure of the insured.
1. The
car insurance policy is essential for the owners of the motor
vehicle, individual or corporate parties as well as the
financiers who might have an insurable interest in the
vehicle. This car insurance policy protects the motor vehicle
from loss or damage
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By fire,
lightning, self-ignition, explosion, burglary, housebreaking
or theft.
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Riot or
strike.
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Flood,
earthquake, cyclone or inundation.
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Transit
by road, air, elevators or lifts.
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Liability
for third party's injury or death, third party property and
towards the paid driver too.
Loss or damage to electrical/ electronic accessories, personal
accident cover for the driver and passengers is also available
after paying additional premium.
2. The
car insurance policy will cover own damage
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Amount
spent on repairs/ replacement based on actual, sum insured
and depreciation.
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Garaging
and towing charges.
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Damage to
tyres (where vehicle is also damaged)
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Market
value or sum insured, whichever is less in case of total
loss.
3. The car insurance policy will cover Act Liability
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Unlimited
liability towards death or bodily injury towards third
party.
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Unlimited
liability towards death or bodily injury towards any person
present inside the vehicle provided they are not employees
of the insured nor are being carried for a fee or reward.
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Liability
towards the paid driver as per the Workmen's Compensation
Act.
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Costs and
expenses incurred with the firm's written consent.
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In case
of death of the insured/ any person entitled to indemnity or
a liability incurred under the policy, his representative
will be indemnified as in the case of the insured, if he
observes the same conditions as the insured himself.
4. The car
insurance policy will never pay any claims arising from
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Consequential loss, depreciation, wears and tears,
mechanical and electrical breakdown, failure or breakage.
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When
vehicle is used outside the geographical area; when used
contrary to limitation as to use driven by a person other
than the driver stated in driver's
clause.
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War or
nuclear perils and drunken driving.
Car
insurance policy differs from state to state and company to
company. So understand your needs and then make final
decision.
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