The requirement of car insurance is compulsory in India for all car owners, including private owners. Let’s learn more about it in this article.
Car insurance plans protect car owners from unfortunate events like accidents, collisions, etc. It is mandatory for all vehicle owners to buy insurance, whether they own a private car or ride public transportation. A car owner should be familiar with the various car insurance policies available. The following sections provide information on the individual car insurance in Noida.
What are private car policies?
A private car policy is insurance you purchase for your vehicle. Individuals use their own cars for personal purposes, not for commercial reasons. Many insurance companies refer to private auto policies as package policies. These plans cover unforeseen circumstances such as collisions, natural disasters, theft, etc. for vehicle owners and drivers. An insurance policy like this also takes care of your third-party liability insurance.
Private car insurance policies offer comprehensive coverage, so insurers recommend them. Choosing the best auto insurance plan for your vehicle does not require purchasing private car insurance near Noida. Car owners often insure company vehicles with the personal coverage.
Private car insurance plans include the following coverages
An insurance policy for a private car is a comprehensive policy that covers several damages and liabilities. It includes the following:
- Man-made disasters – Man-made acts and mistakes such as riots, war, or floods can lead to calamities. Private car insurance policies cover these damages.
- Natural disasters – Your private auto insurance covers natural disasters such as floods, earthquakes, etc.
- Liability to third parties – Private car insurance policies also covers third-party damage such as death, property damage, etc.
- External car damages -Damages caused by external factors, such as road accidents, are also covered in vehicle insurance in Noida.
- Coverage for car theft – If you lose your car, whether partial or total, then your insurer will cover your loss.
- Cover against Fire – Private car insurance policies also cover damages caused by fire and explosion.
- Transport damage coverage – Whether your car sustains damage during flight, sea voyage, or on land, private auto insurance will cover it.
Private Car Insurance Plan Exclusions – Things Not Covered
A private car insurance policy does not cover the following:
- Car Breakdown (mechanical/electrical) – Under private car insurance, any mechanical or electronic breakdown affects the insured vehicle.
- License lapse – When an accident or collision occurs while a driver’s license is invalid. If this happens, the insured will not receive compensation.
- Drunk driving accident – The driver will not receive compensation if they are drunk.
- No coverage for regular wear and tear – The auto insurance policy does not cover losses due to ordinary wear and tear.
- Exclusions for damage outside geographical limits- Private car insurance do not cover damage outside the country or policy limits.
- Consequential Damages – The policy of a car owner or driver who damages the insured car does not cover the damage.
- No contractual burdens – Liabilities resulting from contractual obligations are also not covered.
Should you buy private car insurance?
You may need cheap car insurance in Noida for your vehicle. A personal car insurance policy can provide third-party coverage and a car damage insurance plan. With this policy, you can protect your car from all possible damages. Furthermore, comprehensive car insurance offers the best protection for your automobile against all kinds of damage.
Summary
Now you know what private car insurance is and how it can offer numerous benefits. Nevertheless, you should choose the best personal car insurance cover for your car through online means to enjoy the best benefits. Using a car insurance premium calculator, you can compare the premium amount, coverage type, car age, and type of your car insurance service Noida.