What Is Comprehensive Car Insurance? And Who Should Buy It?

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Comprehensive Car Insurance

As a car owner, it is your prime duty to keep your car protected. And that cannot be done alone by driving safely. You also need to be prepared for involuntary, unforeseen damages.

Instead of figuring out ways to avoid it, you can have a wholesome driving experience in your protected car if you just invest in car insurance.

Car insurance is your safety net that not only ensures the repair or replacement of your vehicle but also saves you from huge financial losses. In addition to that, a car insurance policy covers your life or any liability caused to someone else by you.

There are two types of car insurance that you can get. Comprehensive car insurance and third-party car insurance. Of the two, the latter covers any damage caused to a third party’s vehicle, life, or property. It is mandatory to get third-party car insurance.

However, comprehensive car insurance is not mandatory by law but equally necessary and beneficial in its own way.

What Is Comprehensive Car Insurance?

We saw that the mandatory third-party car insurance protects against the damage caused by you to anyone else. But what about the damage caused to you? Neither you nor your car is immune to possible damage in the event of a car accident. In such a scenario, comprehensive car insurance will cover the damage.

Comprehensive car insurance coverage includes protection in cases like natural calamities, man-made calamities, self-ignition, theft, accidents, etc. If damage is caused to your car under these circumstances, your insurance company will reimburse you for it if you file a claim for the same. In addition to that, comprehensive car insurance also covers third-party liabilities.

Since comprehensive car insurance is an extensive insurance plan, it offers more benefits than third-party car insurance as the former covers the policyholder against both own damage and third-party liabilities.

Who should buy Comprehensive Car Insurance?

Let’s understand a simple phenomenon. Even though accidents are avoidable, it is still possible for them to happen. You may trust your driving skills and judgment over anyone else’s, but you are still subject to many unprecedented mishaps that may occur.

Apart from accidents, there are multiple possibilities under which your car is at risk of damage like harsh weather conditions, vandalism, tsunamis, earthquake, etc. And comprehensive car insurance covers all of it.

Hence, if you follow this logic, you will find that, as a car owner, this type of four-wheeler car insurance that provides overall protection to you is a must for you to buy.

What does Comprehensive Car insurance Cover?

  • It covers any damage caused to the vehicle by weather conditions like floods, hail, lightning, etc.
  • It covers natural calamities like earthquakes, tornadoes, tsunamis, hurricanes, etc.
  • It covers man-made calamities like riots, vandalism, or any kind of civil disobedience.
  • It pays for uncontrolled phenomena like chipped windshields, dents from falling objects like tree limbs or hail, explosions, or fire.
  • Comprehensive car insurance by default covers third-party liabilities.

You must think, “This is the best car insurance policy. But it’s too good to be true. Is there anything it doesn’t cover?” And to that, we say, “Good question!”

We can give you the Answer in two Versions.

Yes, there are so many things that are not covered under comprehensive car insurance.

You can get everything else that you want in comprehensive car insurance by choosing the option of add-on coverage.

Instead of focusing on what you don’t get in a basic 4 wheeler insurance policy, let’s focus on what you can get through add-on coverages.

You can create customized car insurance for yourself by picking the add-on coverages that you want. They are provided for the sole reason of strengthening your comprehensive car insurance.

Here is a list of add-on coverages that you can prioritize buying.

  • Zero Depreciation
  • Consumables Cover
  • Deductibles Cover
  • Engine Protection
  • Return to invoice
  • Roadside Assistance

The above add-on coverages and many more are part of your car insurance to protect your vehicle from many possible circumstances. But along with protection, these add-ons also provide extra assistance to you, either in service or financially.

However, it is to be noted that not every insurance company offers the same add-on coverage. To understand which coverage, you need in your comprehensive car insurance, you have to thoroughly analyze your requirements. You also need to understand which companies offer what kinds of add-on coverage. That can be done seamlessly if you choose to buy your car insurance online.

Most people wonder if it is safe to buy car insurance online. Well, let us tell you that it is completely safe if you choose your options wisely. You will come across many car insurance companies online, which can be extremely overwhelming, especially when their premium prices are too good to be true.

In such a case, spare a significant amount of time and compare car insurance online. When you are buying car insurance online, you can research, inquire, and make your decision on your own time. You can use this opportunity to compare as many car insurance quotes as you can.

5 Things to keep in mind before buying comprehensive car insurance

Here are some things to know before buying car insurance.

  1. Add-on coverages make your policy stronger. They can be availed with some extra premium amount.
  2. You can choose to pay voluntary deductibles if you want to decrease your premium amount.
  3. It is better to renew your insurance before it expires, otherwise, some of the benefits, like no bonus claim, will be nullified.
  4. Comprehensive car insurance does not cover collisions, but it can be availed via add-on coverage.
  5. The basic policy does not cover first-party death, but it can be opted for with Personal Accident coverage.

Conclusion

To buy or not to buy comprehensive car insurance is your personal choice. But given the number of risk factors in today’s world, it is the best precaution you can get for your car. For financial backup and mental peace, this car insurance policy is your ideal choice.

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