• Cars can suffer damages from numerous unexpected occurrences. Natural disasters and accidents may result in losses that can be quite significant for a car owner. A standalone own damage car insurance policy can assist you in these circumstances by covering the expenses related to damages to your vehicle.

• In India, it is required to obtain third-party car insurance to legally drive your vehicle on the country’s roads. Although a standalone OD policy is not compulsory, it can be extremely beneficial in safeguarding you against substantial financial losses if a disaster damages your car.

• What is included in standalone own damage insurance?
  
  Let’s delve further into how OD car insurance functions by examining what is included in this kind of policy. A typical own damages policy provides coverage for the following:

• Damages resulting from an accident
• Theft of the insured vehicle
• Irreparable damage caused by fire, lightning, explosion, or self-ignition
• Damages from natural disasters like floods, earthquakes, or landslides
• If your vehicle sustains damages from any of these incidents, you can submit an own damage car insurance claim to your motor insurance provider. Nowadays, initiating a claim is simpler than ever. You can visit the insurer’s website, complete a form, have your car’s damages assessed, and proceed with repairs upon claim approval.

Boost your coverage with add-ons
You can further enhance the coverage you receive from your own damages insurance through add-ons. Some add-ons that you might wish to consider include zero depreciation cover, consumables cover, return-to-invoice cover, and roadside assistance cover.

Coverage exclusions
As mentioned earlier, own damage car insurance solely covers losses to your own vehicle. This means it will not cover liability to third parties. In addition to this exclusion, here are some more items that your own damages policy will not cover:

• Claims made while driving without a valid license or under a learner’s license without supervision from a licensed driver
• Claims made for incidents resulting from drunk driving
• Damages that arise due to the owner’s negligence
• Losses from war or nuclear damage
• Damages due to regular wear and tear

Who should purchase own damage insurance?

• It is recommended to acquire an own damage car insurance policy if you currently only hold third-party motor insurance. By doing so, you broaden the protection you receive during unfortunate events such as road accidents, human-made disasters, or natural calamities.

Calculating the premium for own damage insurance

• The premium you pay for your own damage car insurance policy is influenced by various factors including your vehicle’s age and model, the city you reside in, the IDV (Insured Declared Value), and the type of fuel used.

• You can effortlessly obtain an immediate estimate of the premium you might be required to pay by utilizing the car insurance calculator tool available on your insurer’s website.

Disclaimer: For further information regarding risk factors, terms, and conditions, please thoroughly review the sales brochure before finalizing a sale. *The discount amount may differ based on vehicle specifications and location of registration.