LETS TALK!

Let us call you back. Just share your number for a call back in less than 15 minutes

+91
We can’t proceed without your mobile number. Help us?
Sigh. We need the reason for call back to pick the right person for the job. Help us?
OR

Is it super urgent? Call us on our Toll Free numbers

BTW, we respond to email queries with lightening fast speed. Send email instead?

THANK YOU FOR CHOOSING COVERFOX!

Someone from the team will get back to you ASAP!

HAVE AN AMAZING DAY!

Oh! Just in case you still need our Toll free

1800 209 9970
Also schedule a callback Also send an email
THANKS!

Your Claim Assistance request has been registered with us.

We will contact you before 11am tomorrow.

If its an emergency, for immediate assistance please feel free to contact our Customer Support Unit on 1800 209 9970

Third-Party vs Comprehensive Car Insurance

We all know that buying an auto insurance policy is mandatory while purchasing a car.
In fact it is a legal requirement as per the law. This makes sense considering
the fact that car insurance offers you safety and security from any damage to
both parties involved in the accident.


But what kind of car insurance should one choose?
Motor insurance can be broadly classified into two types:
Third-party car insurance and Comprehensive car insurance.

Third-Party Car Insurance

This form of insurance provides only for damages to the other vehicle in case of an accident at your fault.

Unfortunately, any kind of damages to your own vehicle are not covered.

Comprehensive Car Insurance

This form of insurance covers the damages caused to both, the third party vehicle and your own car.

Your car is also covered for theft or damages due to natural calamities.

Why Third-Party Insurance Works

But what kind of car insurance does one choose? To make things simpler and stress-free,
motor insurance can be broadly classified into two types – third-party car insurance
and comprehensive cars insurance.




Lower Premiums

Since only damages to the third-party vehicle are covered, premiums are lower compared to a comprehensive insurance policy.

Compensation

While there is no limit to the compensation in case of death and injury, compensation related to property damage is up to Rs. 7,50,000.

No Stress

You don’t have to worry about paying someone else’s repair bills in case of an accident. Third-party insurance takes care of just that!

But what kind of car insurance does one choose? To make things simpler and stress-free,
motor insurance can be broadly classified into two types – third-party car insurance
and comprehensive cars insurance.

Why Third-Party Insurance Might Not Work

But what kind of car insurance does one choose? To make things simpler and stress-free,
motor insurance can be broadly classified into two types – third-party car insurance
and comprehensive cars insurance.

Lower Premiums

Since only damages to the third-party vehicle are covered, premiums are lower compared to a comprehensive insurance policy!

Your losses?

Third-party liability insurance policy neither covers damages to your car during an accident nor other instances such as theft or fire! Can there be anything worse than that? Not really.

Shifting the Policy

Shifting from a comprehensive to a third-party insurance is easy (just ask for an inspection while renewing the policy and pay the difference). It’s not that simple the other way around.

But what kind of car insurance does one choose? To make things simpler and stress-free,
motor insurance can be broadly classified into two types – third-party car insurance
and comprehensive cars insurance.

Consider this Before Buying Car Insurance

Are you clueless about which car insurance to buy?
The value of your car can actually help you consider which policy to take the plunge with.

Lower Premiums

Since only damages to the third-party vehicle are covered, premiums are lower compared to a comprehensive insurance policy!

If it's low

In such a case, buying third-party insurance makes sense. Simply because in case of an accident, the cost of repair for your car may not create a huge dent on your pocket.

If it's high

A comprehensive policy here is highly recommended. You might have to pay a little more, but it's worth it, because your car and the third-party would be protected against all damages.

Third-party or comprehensive insurance ­­– still confused which one is the most suitable for your car?

Help is just a phone call away.