MANAGEMENT

Detailed explanation-1: -Comprehensive car insurance covers third-party damages and loss caused by the policyholder, including property damages, injury, or death. If the insured car gets damaged due to manmade disasters such as riots, terrorism, etc., this policy will cover the damages.

Detailed explanation-2: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.

Detailed explanation-3: -Comprehensive policy covers damage to the car due to accidents, car theft, losses to a third party, damage to the car due to natural damages, personal injuries or death caused in an accident, damages caused in a fire. Comprehensive car coverage is full coverage.

Detailed explanation-4: -Comprehensive car insurance gives you coverage for both third-party liabilities and own-damages under a single policy. It gets affected by depreciation rates. In this, only own-damage cover insurance is affected by the depreciation rate. Yes, you can buy add-on covers with it.

Detailed explanation-5: -Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.