Misc Insurance

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Misc Insurance

Type of Coverage

  • Liability Only / Third- Party Only
  • Package Policy / Comprehensive Policy

Third-Party Policy

This is mandatory cover, enforced by law, serves to protect the insured from claims arising from a third party. When the insured vehicle in at fault . This cover will pay for only fiscal liability and will also take care of any legal repercussions that arise out of the accident.

  • Package Policy

    A package policy or a comprehensive policy covers loss or own damage (OD) to the vehicle insured in a addition to all the covers provided by a third-party policy. It is the non-compulsory 'own damage cover' part of the comprehensive motor policy that actually pays you in case of damage to your vehicle caused by accident, theft, fire, explosion, self-ignition, lightning, riots, strikes or act of terrorism, natural calamities. Read More

  • What is Not Covered Under above said Insurance ?
    • The major policy is a yearly contract and has to be renewed without a break. In case any damage happens post the expiry, the loss won't be covered.
    • If the insured or any other person, with the knowledge and consent of the insured, is driving the car under the influence of alcohol or drugs or any other intoxicating substance.
    • If the vehicle was being driven by a person without a valid driving licence.
    • Demage to engine as a result of oil leakage.
    • Any damage to the vehicle due to war, terror attacks, invasion, foreign enemy action, civil war, mutiny, rebellion, hostilities, radations or nuclear material/weapons are not covered under a standard motor policy.
    • Delibrate accidental loss, that is a loss arising out of an accident or event that was delibrate is also not covered.
    • Consiquntional losses or damages which are a consequence of a certain action by the policyholder or a third party (Whatever intentional or by accident and not an outcome ) of an uncertain event are not covered. For instance, engine demage due to hydrostatic loss during monsoons is a common consequential loss. This is because the damage did not happens because of flooding or the rains, instead someone has cranked up the vehicle in a water-logged area. It could be a mistake, an intential act in an emergency situation, however, it wont't be covered by the insurer as the risk was not covered
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