Why comprehensive car insurance is preferred by many car owners
We all invest a significant amount of time and effort to purchase the best-suited car for ourselves. Reviewing the latest models, comparing colours, and exploring various features are all part of our journey to making a wise decision. Buying a car is the dream of many, and when you finally buy, you feel a sense of pride and excitement. When one is so proud of an asset, it is natural that even the smallest of the damages caused to it will affect you. Hence, to safeguard yourself from financial damage to your beloved car, having motor insurance is mandatory in India.
What is comprehensive insurance?
A comprehensive car insurance policy is a financial shield that helps you by paying for several car-related expenses that arise due to accidents, calamities and other covered instances. A comprehensive car insurance policy covers the policyholder against loss/damage to their vehicle as well as any third liabilities that may arise. Purchasing comprehensive cover might not make sense financially if you drive an older vehicle that’s already lost a significant amount of value. Comprehensive insurance covers damage to your car from animals, falling trees, natural disasters, theft, and vandalism.
What does comprehensive insurance covers?
- Contact with animals
- Natural disasters, including earthquakes, floods, hurricanes
- Fire
- Vehicle theft, or theft of certain parts of the vehicles
- Broken windshields
- Fallen objects, including branches, rocks, or hail
- Riots and vandalism
What are the features of a comprehensive car insurance policy?
The following are the key features of a comprehensive car insurance policy:
- Cashless repair in a network garage in the unfortunate event of your insured car sustaining accidental damages.
- Coverage against third-party liabilities like accidental injury, death or property caused to a third party.
- Coverage in the event of your four-wheeler getting stolen or if it incurs damage beyond the scope of repair.
- In one policy, you get both the legally required third-party cover and coverage against damages to your own vehicle.
- Compensation for costs arising from damages caused by natural and manmade disasters like fires, floods, riots, etc.
Why comprehensive car insurance is preferred by many car owners
There are many reasons why comprehensive car insurance is preferred by many car owners. For one, it provides protection against a wide range of risks, including fire, theft, and vandalism. It also covers damages caused by natural disasters, such as floods and earthquakes. Another reason why comprehensive car insurance is preferred is that it covers the costs of repairs or replacements, regardless of who is at fault. This can save you a lot of money in the long run, as you will not be held liable for any damages caused to your car. Finally, comprehensive car insurance also offers personal liability coverage, which can protect you from lawsuits filed against you. This type of coverage is especially important if you own an expensive car or live in an area with a high crime rate.
Benefits of buying Comprehensive Car Insurance
There are several reasons why comprehensive car insurance is preferred by many car owners. The most important reason is that it provides financial protection in the event of an accident. If you are at fault in an accident, your comprehensive insurance will cover the cost of repairs to your vehicle as well as any medical expenses incurred by the other party. In addition, comprehensive insurance will also protect you from damages caused by weather events, vandalism, and theft.
Another benefit of comprehensive car insurance is that it typically has a lower deductible than collision or liability insurance. This means that you will have to pay less out-of-pocket if you do need to make a claim. And, because comprehensive coverage includes more than just accidents, it can be easier to find a policy that meets your needs and budget.
Here are some of the benefits of comprehensive car insurance:
- Low-cost policies:
Since everything is digitalised, it saves a lot of operation costs. Commission-free insurance bypassing middlemen. Both these factors together help us to provide a car insurance policy.
No paperwork:
Saying goodbye to boring, time-consuming paperwork. The tidiest process of filling out the forms for car insurance is no longer needed. All you need is an internet, phone or desktop. You can buy it anywhere, anytime, at your own ease.
24*7 assistance:
Accidents can happen anytime, anywhere. We are always available for assistance. If you meet with an accident, you can contact the insurer irrespective of the time.
Swift claims for minor damages:
We make sure that the claims are settled speedily. Claims raised for minor damages to insurer four-wheelers are usually settled within just a few hours of the request.
Free pick up and drop:
If your car is unfortunately damaged due to an accident, we will come to your location, pick up your car and take it to our garage. Your car will be repaired within 3 days without any additional charges as per the term policy.
What does Comprehensive Insurance cover?
There are a few different types of car insurance, and each one covers different things. One of the most popular types is comprehensive insurance.
Comprehensive insurance covers damage to your car that is not caused by a collision. This can include damage from things like hail, fire, theft, or vandalism. It can also cover you if your car is damaged by an animal.
Comprehensive coverage is not required in all states, but it is highly recommended. This type of coverage gives you peace of mind knowing that your car is protected against a wide range of potential hazards.
Conclusion:
Comprehensive motor insurance, which includes varied coverage, is a better option than the state-mandated third-party liability policy. The peace of mind provided by this sort of insurance policy is absolutely invaluable since it provides the highest layer of safety for your vehicle and keeps you protected in case of a mishap. Chola MS understands the importance of such peace of mind for all car owners. This is why you will find the best options for comprehensive car insurance right here with us. Browse online or talk to our experts and get your car the best car insurance your money can buy.
