Benefits Of Comprehensive Motor Insurance Plan

Mumbai, December 19: Buying a motor insurance (car and two-wheeler) plan will provide protection to your vehicle. However, when it comes to extra protection against the damages to your vehicle a comprehensive plan is the best choice for a complete coverage and this will give you better financial security at the time of crisis or unfortunate events.

If your vehicle got damaged due to riot or civil disturbances you can claim for the damage. The insurer is liable to pay such type of claim as it is covered under comprehensive motor insurance plan.

A comprehensive motor insurance plan includes coverage for fire, theft, natural and man-made catastrophes, such as a tornado, hurricane vandalism, damage caused to your vehicle by animals, falling objects, civil disturbance, such as a riot that causes damages to your vehicle.

The truth about motor insurance is that one cannot make claim on every damages and there are certain inclusions and exclusions under comprehensive plan too. It is important to know what covers under this plan to avoid misunderstanding at the time of claim.

Most of the comprehensive motor insurance covers financial and legal liabilities arising out of damages caused to a third-party as well as any loss or damage caused to your vehicle due to civil disturbances such as riots, sabotage, accidents, fire, theft and vandalism, malicious acts, terrorism,natural calamities like earthquakes and floods.

Comprehensive plan also provides protection against injury or death to third party and damage to property. In case the rider meets with an accident and as a result, injures or kills a third person, or damages any property, the costs associated with the same will be covered.

Some of the common exclusions under comprehensive motor insurance plan are wear and tear and aging of the automobile, depreciation, mechanical or electrical breakdown, damages caused to tubes and tyres, damages caused by a driver driving without a valid driving license and damages caused due to driving under the influence of intoxicants.

Still, if you are not satisfied with the comprehensive plan and want extra cover for your vehicle then go for an add-on cover option.

An add-on option allows to pay extra premium on your motor insurance and provide wider cover for your vehicle. Some of the add-ons are no claim bonus protection cover, return to invoice, consumable covers, engine protection cover, zero depreciation or nil depreciation, loss of personal belongings and key replacement. Paying extra money on your motor insurance will surely give the you stress free when your vehicle is damaged or lost.