Table of Contents
- What is a private car Insurance policy?
- What is Covered Under a Private Car Insurance Policy?
- What is Not Covered Under a Private Car Insurance Policy?
- Should you buy a private car package policy?
- Wrapping Up!
In addition to being a legal necessity, auto insurance protects your vehicle from unintentional harm, like collisions. As a result, you need to be aware of every kind of auto insurance that India offers. We shall explain private auto insurance coverage in this article.
What is a private car Insurance policy?
A private auto insurance policy covers vehicles used for personal travel, as the name implies. This kind of auto insurance, sometimes referred to as private automobile package coverage, provides financial security to the vehicle and its owner against losses resulting from unanticipated incidents such as mishaps, natural disasters, theft, fire, etc. Additionally, it covers any third-party liability resulting from an accident involving the insured vehicle, including death, injury, or property damage to third parties.
According to Indian driving legislation, a private auto insurance policy is not required to provide auto insurance coverage. However, specialists in insurance strongly advise it because of its extensive coverage.
What is Covered Under a Private Car Insurance Policy?
A comprehensive automobile insurance policy, often known as private car insurance, covers various damages resulting from various unanticipated liabilities, referred to as policy inclusions. Among these inclusions are:
- Manmade Acts : A private vehicle package policy will pay for any harm done to the insured vehicle by human actions such as riots, strikes, vandalism, etc.
- Natural Calamities: Private vehicle coverage also covers losses from natural disasters like rockslides, floods, storms, earthquakes, etc.
- Third-party Liabilities: Third-party losses are covered, including property damages, injury, and death.
- External Damages: Any harm resulting from outside sources, such as a collision or traffic accident, is protected by a private auto insurance policy.
- Theft: Your private motor insurance coverage will pay for losses incurred if theft or burglary results in a partial or complete loss of your car.
- Fire: Additionally covered are any losses or damages brought on by an explosion, fire, or self-ignition.
- In-transit Damages: Damages to the insured car while it was in transit via waterways land and air are covered.
What is Not Covered Under a Private Car Insurance Policy?
A private vehicle package policy does not cover some types of damages. These are not included in:
- Breakdown: A private auto insurance policy does not cover any damage the insured vehicle sustains as a result of mechanical or electrical failure.
- Invalid Driving License: If a motorist is involved in an accident while operating a vehicle without a valid driver’s license, their comprehensive auto insurance coverage will not pay for those damages.
- Drunk Driving: Any harm done to the insured vehicle when the driver was impaired by drugs or alcohol will not be reimbursed.
- Wear and tear: Moreover, losses incurred by the insured vehicle as a result of progressive wear and tear will not be covered.
- Outside Geographical Area: Damages incurred by the insured vehicle will not be covered if they occur outside of the specified geographic boundaries stated in the vehicle policy.
- Other Uses: The private motor insurance policy will not cover damages to the private vehicle when it is utilized for business.
- Consequential Losses: Any losses incurred by the insured vehicle due to the owner’s or driver’s actions will not be reimbursed.
- Contractual Liabilities: A private four-wheeler insurance policy also excludes coverage for damage to the insured vehicle resulting from a policyholder’s contractual obligations.
Should you buy a private car package policy?
Depending on the kind of coverage you choose for your vehicle, you can get a private car package policy. It is not required coverage, but it should be taken into consideration if you wish to insure both third-party liabilities and your own losses jointly. You can acquire an all-in-one private motor insurance policy without having to buy any additional policies.
A comprehensive car insurance policy provides the maximum degree of monetary security for your vehicle by protecting it against practically all kinds of harm. In the event that the owner or driver of the insured vehicle is accidentally killed or becomes disabled, compensation is also provided. In addition, you can improve the coverage of your vehicle by adding extras to your private vehicle package policy.
Thus, before selecting a motor insurance policy for your automobile, you need to consider all the elements, including your budget, coverage needs, car age, car type, etc. You should think about getting a private auto insurance policy if you believe your vehicle to be new or opulent. However, you are free to forgo getting comprehensive auto insurance if you believe it is not something you actually need for your vehicle.
Wrapping Up!
fousrFor your vehicle, a private car package policy offers several benefits. You should think about buying your private auto insurance online if you decide to buy coverage for your four-wheeler. If you purchase four-wheeler insurance online, you might be able to afford the necessary coverage. On Uniffy.me, you can also compare private auto insurance quotes from several insurers and select the one that most closely matches your spending limit.