Buckle up for a deep dive into your motor insurance policy! In this video, we’ll explore the inclusions and exclusions of different types of motor insurance plans available in India.
First, we’ll talk about the Own Damage policy. This policy covers damage or loss to your vehicle from events like fire, theft, accidents, natural disasters, and malicious acts. However, it excludes normal wear and tear, mechanical breakdowns, and accidents caused by driving under the influence.
Next, you will learn about Third-Party insurance. This coverage protects you against legal liabilities for third-party injuries, property damage, or accidents involving your vehicle. However, it does not cover situations where the vehicle is used for commercial purposes or causes damage to your own property.
We’ll also discuss the Personal Accident cover for the owner-driver. It provides compensation for injuries or death resulting from an accident involving your vehicle. But remember that you must have a valid driver’s licence at the time of the incident.
Finally, you will go over some general exclusions that apply across all types of motor insurance. These include losses outside the policy's geographical scope, contractual liabilities, or damages due to war or nuclear events.
Stay informed about your motor insurance to ensure you're well-protected and avoid unnecessary claim rejections.
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