Third Party Car Insurance

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Third Party vs Comprehensive Car insurance
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What Is Third-Party Car Insurance?

• A third-party car insurance is a type of
  four-wheeler insurance that offers financial
  protection to you in case there were damages or
  injuries caused by your car to another person,
  their vehicle or their property.
• It is the most basic form of auto insurance
  coverage in India.
• Every four-wheeler owner legally needs a
  third-party car insurance cover to drive on the
  Indian roads. This is to ensure that in case of a
  road accident, the person being harmed by your
  vehicle is compensated.

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What Is Comprehensive Insurance?

• A comprehensive insurance is a combination of
  third-party liability insurance and own-damage
  cover. This means that a comprehensive car
  insurance policy does more than just financially
  covering you against damages caused by your car
  to another person or their property.
• Repairs for the damages caused to your car under
  circumstances like an accident, or natural
  calamity, are also covered by your insurance
  company.
• The extent of coverage offered by your insurance
  company under a comprehensive insurance will
  depend on the policy terms and conditions.

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Which Is The Best? Third-Party Or Comprehensive
Car Insurance?

• A Third-party Car insurance is mandatory by law.
• However, it only covers damage caused to other
  vehicles, individuals or property.
• It has limited coverage.
• Moreover, your car may be damaged in cases other
  than minor road accidents. A broken windshield
  during storm, an engine breakdown because of
  rain, fire or even theft is covered.
• Why pay for the repair bill from your pocket
  unnecessarily?
• A Comprehensive car insurance policy offers
  extensive coverage.
• It covers you and your car too.
• This makes a Comprehensive car insurance a far
  more useful option.

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7 jargons to know while buying Third-Party or
Comprehensive Insurance

• Add-ons
• Zero-depreciation
• No-claim bonus
• Deductible
• Sum assured
• Insured declared value
• Return to invoice

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• www.acko.com