What are the Different Types Of Car Insurance Cover?


..Read More

Compare Car Insurance Quotes

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

No Answer found for What are the different types of car insurance cover?

What are the Different Types of Car Insurance?

There are different types of car insurance like Comprehensive car insurance, Collision car insurance, Liability coverage, Third-Party Liability Insurance, Personal injury protection insurance, etc.

What are the Two Types Of Car Insurance?

Car insurance is a type of insurance that protects the owner of the vehicle against financial loss in case of an accident. There are two types of car insurance: comprehensive and collision.

Comprehensive Insurance: Comprehensive coverage includes property damage liability, personal injury protection, medical payments, and uninsured motorist coverage.

Third-party Insurance: Third-party coverage includes theft or stolen, natural disasters, and third party liabilities coverage and physical damage to your vehicle or its parts.

What is Zero Depreciation Car Insurance?

Zero Depreciation Car Insurance is a type of car insurance that covers the depreciation of the vehicle and offers an additional amount to cover the running and maintenance costs. The depreciation cover is offered by most car insurance companies in India. The insurance company pays for the depreciation of your vehicle, which can be up to 50% of its value.

What is Zero Depreciation in Car Insurance?

A Zero depreciation add-on cover, also known as Nil Depreciation and Bumper-to-Bumper cover, is a popular car insurance add-on cover under the Own Damage section of your comprehensive car insurance policy. This is typically chosen by car owners when there is a claim settlement, and the depreciation amount doesn't factor in. Zero depreciation car insurance offers protection in the event that the insured peril is engaged with accidental damage to the vehicle.

What Does NCB in Auto Insurance stand for?

NCB in auto insurance stands for the no claim bonus which is offered to car insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not making a claim in the previous policy period.

The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. It is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. If there is a claim this would be reduced to 0% and then increases for each claim-free year.

What is Third Party Insurance?

Third party insurance is a compulsory motor insurance policy to be taken by the motor vehicle owner/driver before driving the vehicle in public places. Third party insurance covers the bodily injury or third party property damage caused due to the involvement of the insured vehicle. Third party motor insurance is mandatory as per the Motor vehicles Act without which the owner/driver of the vehicle would be punished with up to a Rs.5000 fine or up to 3 months of imprisonment or both.

What is Bumper to Bumper Insurance?

Bumper to Bumper insurance is the add-on available on payment of extra premium under the own damage section. It is also known as “Nil depreciation” or “Zero depreciation” cover. Having bumper-to-bumper insurance enables the customer to get the complete claim amount in case of any accident without factoring in the deprivation of the parts.

Related Question

  • What are the Different Types Of Coverages In Car Insurance
  • What are the Types Of Car Insurance In India
  • What are Different Types Of Car Insurance
  • What are the 3 Types Of Car Insurance
  • What to look for when buying car insurance in india
  • What is zero depreciation car insurance in india
  • What questions do car insurance companies ask after an accident
  • What questions do car insurance companies ask
  • What is the best insurance policy

Types of Endorsement in Car Insurance

Endorsement is an amendment to the insurance contract which changes the existing terms and conditions of the original policy to imbibe the new terms and

Types of Car Insurance

Some of the different aspects that are covered by comprehensive insurance include: Damage caused by fire, severe weather, and natural disasters. Damage caused

Common Types Of Fraud Claims

Common types of fraud claims in India and the way they are handled by insurance companies. Motor insurance is the bread and butter of almost all the general

Motor Insurance Claim Process

Understand the motor insurance claim process step by step. Types of motor insurance claims. Documents required for filing a claim.

Car Insurance Price List - 1st Party, 2nd Party and 3rd Party

Car Insurance List - 1st Party, 2nd Party, and 3rd party while Buying insurance for your car, it is not only enough to look at some important aspects of the policy, such as the cost and the coverage but also understand what terms like first-party car insurance, second-party, and 3rd party insurance stand for.

What Happens When Your Car is Beyond Repair

In case of a severe accident or theft of the car, most people think of making an insurance claim. If the accident is severe and the vehicle is damaged

Effects of claiming wrong NCB

What is NCB (No Claim Bonus) in India? A no claim bonus is a type of insurance policy that covers personal injury, damage to property, and medical expenses.

On What Grounds Does Your Car Insurance Policy Gets Rejected

Car insurance claim rejections are due to policyholders mistake or fraudulent acts. Insurer has genuine reasons to reject, Know more reasons
Dots

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Please wait while your request is being processed.