Motor Insurance Policy B or Comprehensive Policy or Own Damage Losses Policy or Act Liability Policy

Motor Insurance Policy B or Comprehensive Policy or Own Damage Losses Policy or Act Liability Policy covers the owner's damages as well as third party liabilities.

Apnainsurance.com Research Bureau

28 Nov 2007

In addition to the cover provided by the Third Party plan, the Comprehensive car insurance policy protects you against any loss or damage caused to the vehicle and its insured accessories due to natural and man-made calamities. These include:

Natural calamities, such as fire, explosion, self ignition or lightning, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide, and fire and shock damage due to earthquakes
Man-made calamities, such as burglary, housebreaking or theft, riot or strike, accident by external means, malicious act, terrorist activity and damage during travel by road, rail, inland-waterway, air, or elevator.

The Comprehensive policy also includes personal accident cover, which provides compulsory accident cover for the owner of the vehicle while driving. The owner can also avail personal accident cover for passengers in the vehicle.

This policy also pays for towing charges from the place of accident to the workshop, subject to a maximum of Rs.300/- for scooters and motorcycles and Rs.1,500/- for private cars and commercial vehicles.

Also, a restricted insurance cover for fire and theft is available - only for vehicles that are laid up in a garage and not in active use.

Bookmark with:

Ask an Expert

Ask your personal finance query here and get personalized replies that meet your specific needs.