What Are The Types Of Car Insurance In India

Driving your car comes with various responsibilities and potential risks. Despite being a responsible car owner who maintains their vehicle, follows traffic laws, and practises good driving etiquette, unforeseen road hazards can still occur.

Car insurance offers essential financial protection in case of accidents. It not only provides the necessary financial cover but also brings peace of mind during such situations.

Car insurance serves as a protective measure against financial stress in the event of unfortunate incidents involving your vehicle. However, it's essential to carefully review the specific terms and conditions of your policy to understand the extent of the protection provided. Customers can easily buy a car insurance policy online, simplifying the process and offering convenience at their fingertips.

You should always choose a car insurance policy where you get more than just basic protection. If you buy car insurance policy from Liberty General Insurance, you are covered against these important factors:

1. Damages to the insured vehicle.
2. Any third-party liability determined by the law.

Insurance coverage encompasses the different types of protection offered by a car insurance policy. In addition to the standard coverage provided, you have the option to enhance your insurance protection by selecting from a range of add-ons. These add-ons serve to further strengthen and customise your insurance coverage according to your specific needs and preferences. Let’s take a look at policy options

1. Liability Only Policy

A Liability Only Policy is a mandatory car insurance requirement in India. It provides coverage for damages or theft to your vehicle caused by a third party. This policy ensures that you comply with legal obligations while safeguarding against potential financial losses from such incidents.

2. Stand-Alone Own Damage (SOD) Policy

A Stand-Alone Own Damage (SOD) Policy provides coverage for damages to your own vehicle that are not caused by a third party. For instance, if your parked car is damaged by a falling tree branch, this policy will cover the repair costs, ensuring financial protection in such situations.

3. Comprehensive Policy:

At Liberty General, you have the option to obtain a Comprehensive Policy that combines both a Liability Only Policy and an Own Damage (OD) cover. This comprehensive car insurance policy ensures coverage for damages caused by third parties as well as damages to your own vehicle, providing an extensive protection for the owner.

Add-On Covers by Liberty General Insurance allow for customisation of your car insurance policy to suit your specific coverage needs. These additional covers provide extra protection for various scenarios, such as roadside assistance, zero depreciation, engine protection, and more. By opting for add-ons, you can tailor your car insurance to provide a comprehensive and personalised coverage solution.

On Liberty General's website, you can conveniently buy an insurance policy online, ensuring a hassle-free experience.

Inclusions in Liberty General 4-Wheeler Insurance

At Liberty General, our car insurance policy includes coverage for own damage to the insured vehicle caused by a range of incidents.

• This includes accidents resulting from external impacts, damages caused by earthquakes, floods, storms, landslides, or rockslides.
• Damage due to malicious intent including riots, strikes, or terrorism
• Additionally, coverage extends to losses due to burglary or housebreaking, irreparable damage caused by fire and more.

However, it's important to note that there may also be exclusions specified in the policy, which should be reviewed for a comprehensive understanding of the coverage.

Liberty General Additional Covers

Liberty General offers a range of additional covers that you can opt for when purchasing car insurance, allowing you to customise your policy according to your specific needs. These add-on covers include options such as

• Depreciation Cover
• Consumables Cover
• Gap Value Cover, and more.

These additional covers provide extra protection and financial support in various situations, ensuring a comprehensive and tailored car insurance policy. Know more about Additional Covers.

To minimise risks and maximise benefits, car owners should possess sufficient knowledge to choose the most suitable car insurance coverage options.

Before you buy car insurance, we recommend checking out our comprehensive blog titled Navigating Motor Insurance Online: A Complete Guide. On Liberty General's website, you can conveniently buy car insurance policy online, ensuring a hassle-free experience.