A comprehensive car insurance covers you for damages caused to your own car which could range from: dents caused by another car during a road accident or your windshield getting broken or your car getting stolen. Other than damages, a comprehensive car insurance helps you cover damages/ injuries caused to a third-party. Here are some instances:
- Road Accidents
- Falling Objects
- Damage done to your car by animals or wildlife
- Natural Disasters
- Civil Disturbances
Is Comprehensive Car Insurance More Expensive Than Other Types of Car Insurance Policies?
The general concept is that comprehensive car insurance policies are more expensive than other car insurance categories like Third Party Liability Only. It may be priced higher than other types of car insurance policies, but it does not hold true always. Therefore, it requires thorough research for car owners and comparison between different types of insurance plans to select one that offers the maximum benefits against low premium. You might just find that a comprehensive car insurance policy might turn out to be a more cost-effective plan as compared to other policies..
As a result of the misconception that third party covers and other car insurance plans are more affordable than comprehensive car insurance, car owners tend to opt for other options, even before thinking over a comprehensive plan.
What Is Covered by Comprehensive Car Insurance?
Before you select a comprehensive car insurance plan, you should be aware of the inclusions and exclusions of the policy to be able to take a well informed decision. Here are the natural and manmade disasters that comprehensive Car Insurance policies usually cover:
- Damage caused by natural calamities
- Damage to third party
- Damage to your insured car due to civil disturbances like riots
- Damage to your insured car as a result of external objects like trees
What Is Not Covered Under Comprehensive Car Insurance?
There are still some instances NOT covered under a comprehensive cover. These exclusions are:
- Mechanical or on-road electrical breakdown
- General ageing, wear and tear
- Damages caused by driving under the influence of narcotics or alcohol.
- Damage caused by driving without a valid driving license
- Consequential loss
- Loss damage outside areas mentioned in the policy document
It’s any day advisable to switch from third-party to a comprehensive insurance cover