Different Types of Car Insurance Coverage
Driving a car is very risk involving activity as you drive through a busy road to reach your destination on time. You cannot avoid any unfortunate events like an accident on the road but, you can protect yourself from heavy expenses incurred due to such accident. Let us check some common coverage offered under car insurance plan.
Third Party Coverage
Car insurance policy provides coverage against expenses incurred due to damage or loss incurred due to the third party or its property.
Personal Accident
Comprehensive car insurance plan provides protection to the owner or driver of the car against injury or death caused by the personal accident.
Damage to Own Car
Car insurance policy also covers the expenses incurred due to damage or loss incurred to own car due to any natural or man-made calamities.
Car insurance policies are offering much more than theses 3 essential types of coverage. For more detail read the important types of coverage offered under car insurance policy in the market.
Zero Depreciation
Zero depreciation is the most important types of covers, which allow you to claim for the total cost of replacing car parts damaged in accidents. It saves you from heavy expenses that might make a hole in your pocket. Most of the car insurance policies only the reimburse the depreciated value of car parts. But, if you buy this coverage your car insurance will cover the total expenses incurred due to damage or loss to the car parts.
Engine Protect
This beneficial coverage provides protection to your brand new car as it covers you against the damage incurred to the engine of your car. The best thing about the coverage is it covers the cost of engine breakdown caused by any accident or non-accidental events. We all know that repairing the car engine is very expensive and in case you meet any such event engine protect coverage will covers the heavy expenses.
NCB Protect
Afer every claimless year insurance company offers No Claim Bonus to the policyholder. This No Claim Bonus starts at 20% and increases with every claim-free year up to 50%. It is directly transferred into the lower premium for the next year. NCB Protect allows you to avail this bonus even if there is a claim, which offers the discount on subsequent year’s premium.
Roadside Assistance
Last but not the least is Roadside Assistance coverage, which provides certain important services like refuelling, towing, arranging for a mechanic’s services, etc round-the-clock in case of a car breakdown. These facilities are paid under the car insurance policy but, if you buy this add-on insurance cover, you policy will offer it as an inbuilt component.
Now, check out the coverage provided by two best car insurance company; Bajaj Allianz Insurance and ICICI Lombard Insurance.
Bajaj Allianz Car Insurance
Bajaj Allianz Insurance is one of the best car insurance providers in the market. It focuses on different types of customer’s requirements. It is serving a wide range of customers. I am sure you are waiting to know the coverage offered by Bajaj Allianz Cra insurance policy. Read all the benefits offered under the bajaj Allianz car insurance policy.
Coverage Under Bajaj Allianz Car Insurance
• Car insurance plan by Bajaj Allianz includes 4000+ network garages spread across the country, where policyholder can easily avail cashless settlements.
• In case you are not taking service from the network garage, the policy reimburses up to 75% of the repair costs.
• Bajaj Allianz car insurance policy claims settlement procedure is hassle free and fast.
• Car insurance plan offers up to 50% of the existing and applicable No Claim Bonus (NCB), which can be transferred.
• It provides 24x7 customer support team which helps customers with any query related to car insurance policy, claims process, etc.
• This plan provides additional round-the-clock services for example towing facility, roadside assistance, key replacement, etc.
ICICI Lombard Car Insurance
ICICI Lombard Car Insurance is one of India’s well-known and rewarded car insurance providers. Car insurance is the most selling product in the market because of its cost-effective and customer’ satisfaction features. There are multiple benefits and coverage offered under ICICI Lombard Car insurance policy. Read the detail of the coverage below:
Coverage Under Car Insurance
• ICICI Lombard car insurance plan offers cashless services at more than 3100 network garages across India.
• The car insurance plan by ICICI Lombard provides a daily allowance for the time when your car is parked in the garage for repair purpose.
• Car insurance plan also provides No Claim Bonus if you haven’t raised a claim for the current previous year, and also transfer NCB in case you transfer your car insurance policy from any other insurance company.
• ICICI Lombard Car insurance plan provides roadside assistance cover when your car suffers an unexpected breakdown.
• Policyholders can avail full coverage on replaced auto parts with zero deduction.
• ICICI Lombard Car insurance offers discounts on policy renewal.
Hope after reading this article now, you are aware of different types of car insurance coverage. Bajaj Allianz Car Insurance and ICICI Lombard Car Insurance are the successful brands. It offers multiple benefits under a single car insurance policy. Before buying any insurance policy make sure that you read all the details of the policy carefully.
