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Inclusions and exclusions
December 22, 2008
A comprehensive car insurance protects you against any loss or damage caused to the vehicle and its insured accessories as a result of natural and man-made calamities like:
Natural calamities:
Fire
Explosion
Self-ignition or lightning
Flood
Typhoon/hurricane/storm/tempest/inundation/cyclone/hailstorm/frost
Landslide/rockslide
Fire and shock damage due to earthquakes
Man-made calamities like:
Burglary
Housebreaking or theft
Riots or strikes
Accidents by external means
Malicious acts
Terrorist activity
Damage whilst in transit by road, rail, inland-waterway, lift/elevator, or air
Third party legal liability: A mandatory part of the insurance cover, it protects the vehicle owner against legal liability arising due to an accident, causing any permanent injury or death of a person or any damage caused to property.
Personal accident cover: The motor insurance plan compulsorily provides personal accident cover for individual owners of a vehicle while driving. The owner can also opt for personal accident cover for passengers in the vehicle.
What it excludes:
Typically, the motor insurance plan does not provide for:
Normal wear and tear or general ageing of the vehicle
Mechanical/electrical breakdown
Depreciation, wear and tear of consumables like tubes and tyres
Damages that occur while a person is driving with invalid driving license
Damage that occur while a person is under the influence of drugs or liquor
Damage due to a war, civil war, mutiny, or nuclear risk
Claims arising out of contractual liability
Use of vehicle other than what it is meant for. For example, if a private car is being used as a taxi and gets involved in an accident, the owner will not be able to claim damages.
Also see: Get lakhs in return for Rs 1K
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