-Cost of repairs/replacement of the damaged vehicle of third parties
- Cost of hospitalization and treatment of third parties
- Liabilities arising out of death of third parties
When you opt for collision damage car insurance coverage, the cost of repairs to your vehicle that has been damaged is reimbursed.
When you wish to protect yourself, i.e., the owner-driver of the car, by opting for reimbursement of medical expenses after an accident, you are using personal accident car insurance coverage.
This coverage is generally offered as an add-on to car insurance policies in India. Suppose your vehicle is damaged and you need to replace the parts. The insurer will consider the depreciated value of the parts for claim settlement.
This type of coverage gives the highest level of protection as it includes liability for third parties, damage to own vehicle, personal accident cover, and all non-collision damage such as storms, floods, fire and theft.
Upto 100% off