Comprehensive Car Insurance

What is covered under comprehensive car insurance by Zurich Kotak General Insurance

Our comprehensive car insurance policy provides extensive protection against various risks, including:

·       Accidental Damage: Coverage for any accidental damage to your car due to collision, rollover, or impact.

·       Theft and Burglary: Protection against loss due to theft or attempted theft of your vehicle.

·       Natural Calamities: Coverage for damage caused by natural disasters like floods, earthquakes, hurricanes, etc.

·       Man-Made  Events: Protection against vandalism, riots, strikes, and terrorism-related damages.

·       Third-Party Liability: Coverage for injury, death, or property damage to a third party caused by your vehicle.

·       Fire and Explosion: Coverage for damage caused by fire, explosion, or self-ignition of the vehicle.

What is not covered under comprehensive car insurance policy by Zurich Kotak General Insurance

While our comprehensive car insurance policy covers a wide range of incidents, there are some exclusions, including:

·       Driver's Negligence: Damages caused due to driving under the influence of alcohol, drugs, or without a valid driving license.

·       Wear and Tear: Normal wear and tear, mechanical breakdowns, or aging of vehicle components are not covered.

·       Driving Outside Policy Limits: Coverage does not apply when the car is driven outside the geographical area mentioned in the policy.

·       Damage Due to War or Nuclear Risks: Damages caused by war, invasion, or nuclear accidents are excluded.

·       Intentional Damage: Damages caused intentionally by the owner, or the driver of the vehicle are not covered.

Benefits of comprehensive car insurance

Wide-ranging coverage

Comprehensive car insurance offers extensive coverage that includes protection against theft, accidents, natural disasters, third-party liabilities, and more. This gives you peace of mind knowing that you are financially protected against a wide array of risks.

Financial backup

In the event of an accident or other damage to your vehicle, a comprehensive motor insurance policy provides the financial backup needed to cover repair costs, medical bills, and third-party liabilities. This can significantly reduce the financial burden on you.

Compulsory personal accident cover - owner cum driver (CPA)

This cover ensures that you or the driver are financially protected in case of injuries or death resulting from an accident. It offers compensation for medical expenses, hospitalisation, or loss of life.

How does comprehensive car insurance work?

Comprehensive car insurance is an all-inclusive policy that covers damages beyond just accidents. It protects against theft, fire, natural calamities, vandalism, and third-party liabilities, ensuring financial security for vehicle owners.

How It Works:

1.      Policy purchase & premium payment:

a.      Choose a comprehensive car insurance policy.

b.      Premiums are based on factors like the car’s value (Insured Declared Value), age, location, and add-ons.

2.      Coverage Scope:

a.      Accident protection: Covers damages to your car due to collisions.

b.      Theft coverage: If the vehicle is stolen, the insurance compensates based on its market value.

c.      Fire and natural disasters: Damage from floods, earthquakes, cyclones, or fires is covered.

d.      Vandalism and riots: If your vehicle is damaged due to civil disturbances, you are eligible for compensation.

e.      Third-party liabilities: Covers damage or injury caused to a third party in an accident.

3.      Claims process:

a.      If an incident occurs, you notify the insurer immediately.

b.      The car is assessed, and if repairable, it can be fixed at a cashless network garage.

c.      If the car is declared a total loss (damage exceeding 75% of its value), you receive a payout equivalent to the Insured Declared Value (IDV).

Who should buy comprehensive car insurance?

Comprehensive car insurance is suitable for anyone who wants robust protection for their vehicle. It is especially beneficial for:

·       Car owners who wish to protect their vehicle against a wide range of risks.

·       People who frequently drive in areas prone to natural disasters or accidents.

·       Those who want financial security and peace of mind in the event of theft, damage, or third-party liability.

·       Car owners who want to avail of add-ons like zero depreciation, roadside assistance, and more.

Top reasons to buy a comprehensive insurance policy

Own damage cover

Comprehensive car insurance covers damages to your vehicle, whether due to accidents, theft, or natural calamities. This coverage protects you from the financial burden of repairs and replacement.

Add-on covers

With a range of add-on covers like Depreciation Cover, Engine Protection, and NCB Protect, you can customize your insurance policy to suit your needs and ensure maximum protection.

Cashless claims

Zurich Kotak General Insurance offers a vast network of cashless garages, allowing you to get repairs without paying upfront, making the claim process smooth and hassle-free.

Why choose comprehensive insurance for an old car? 

1.      Protection beyond third-Party coverage: Unlike mandatory third-party insurance, comprehensive coverage protects your car from damages due to accidents, theft, natural disasters, and vandalism.

2.      Cashless repairs: Access to a vast network of cashless garages, ensuring smooth repairs without an immediate financial burden.

3.      Theft and total loss protection: If your old car is stolen or damaged beyond repair, the insurance policy helps cover financial losses.

4.      Natural calamities and fire cover: Ensures your vehicle is protected against floods, earthquakes, cyclones, and accidental fires.

5.      Customisable add-ons: Additional covers like zero depreciation, roadside assistance, and engine protection enhance the policy’s benefits.

6.      No Claim Bonus (NCB) benefits: Retain and accumulate discounts on premiums if you don’t make claims.

Things to consider for an old car:

·       Vehicle depreciation: The older the car, the lower its market value, which can influence claim settlements.

·       Insurance premium vs. car value: If the cost of a comprehensive premium is high compared to the car’s current worth, a third-party-only policy might be a cost-effective alternative.

·       Usage and risk factors: If you live in an area with high theft rates or frequent natural disasters, keeping comprehensive insurance is advisable.

Zurich Kotak General Insurance provides tailor-made plans to ensure that even an older vehicle is adequately protected while offering cost-effective solutions based on your car’s age and condition.

How to calculate comprehensive car insurance premium?

The premium for comprehensive car insurance depends on various factors, including:

·       Car make and model: Expensive or high-performance cars typically attract higher premiums.

·       Vehicle age: New cars may have lower premiums, while older cars may incur higher costs.

·       Add-on covers: Additional coverage options like Zero Depreciation or Roadside Assistance can increase the premium.

·       No Claim Bonus (NCB): A claim-free history can reduce your premium significantly.

·       Location: Premiums vary based on the location and associated risks like accident frequency and natural calamities.