Standalone Car Insurance
Standalone Car insurance is a type of vehicle insurance that covers the damage to your own car due to accidents, theft, natural calamities, or man-made disasters. It is a standalone or own damage car insurance policy that protects only your vehicle and does not include third-party liabilities, making it an affordable option for car owners who want to cover the damages to their own vehicle.
Key Features of Standalone Car Insurance
| Categories | Key Featues |
|---|---|
| Covers Accidental Damage | Protects your car against damages caused by accidents, regardless of fault. |
| Protection Against Theft | Provides compensation if your vehicle is unfortunately stolen or goes missing. |
| Coverage for Natural Calamities | Includes damages due to floods, storms, earthquakes, and other natural disasters. |
| Protection from Man-Made Disasters | Covers damages caused by riots, vandalism, and terrorism. |
Why Do You Need Standalone Car Insurance?
Standalone own damage car insurance provides essential financial protection by helping you recover the cost of repairs or replacement in case of an accident or damage to your vehicle. It is particularly important for new cars, offering vital protection against costly damages and providing peace of mind to owners. Compared to comprehensive car insurance, the premium for standalone coverage is typically more affordable, making it a great option for budget-conscious individuals. Additionally, it offers standalone coverage, allowing you to protect your car without the need for a third-party liability policy.
Benefits of Standalone Car Insurance
Peace of Mind
Having standalone car insurance ensures you are protected financially in the event of an accident, theft, or natural disaster.Customizable
You can add various riders to the policy, such as Nil Depreciation or Engine Protect Cover, to enhance coverage.Cost-Effective
With standalone car insurance, you save on the premiums compared to comprehensive policies, while still enjoying coverage for your own vehicle.Quick Claims Process
Most insurance providers offer a simple claims process, including cashless settlements at network garages.
Understanding Coverage and Exclusions in Standalone Car Insurance
Covered Insurance
Accidental Damages
Coverage for damages to your vehicle resulting from accidents, regardless of fault, ensuring financial protection.Theft
Protection if your car is stolen or goes missing, providing compensation for its value, as per the policy terms.Natural Calamities
Covers damages caused by floods, storms, earthquakes, lightning, and other natural disasters, offering comprehensive protection.Man-Made Disasters
Includes protection against damages from vandalism, riots, terrorist activities, or civil disturbances.
Not-Covered Insurance
Wear and Tear
Normal wear and tear or mechanical breakdown due to regular use is not covered under standalone car insurance.Driving Under the Influence
Damages caused when driving under the influence of alcohol, drugs, or other impairing substances are excluded from coverage.Intentional Damage
If the damage to the vehicle is caused intentionally by the owner or others, it will not be covered by the policy.Non-Authorized Repairs
Damages that occur due to repairs at non-authorized garages or workshops may not be covered or fully reimbursed by the insurer.
How to File a Standalone Car Insurance Claim?
To file a claim, follow these simple steps
Inform Your Insurer
Notify your insurer immediately about the damage or accident to your vehicle.
Click Photos of Damage
Take clear photos of the damage, ensuring the vehicle’s condition is well-documented.
Inspection Process
A surveyor will assess the damage and provide a report for the insurer.
Submit Your Claim
Submit the claim form and required documents to your insurer for processing.
Compare Car Insurance Policies
Compare Third-Party, Comprehensive, Own Damage, and Zero Depreciation car insurance plans to find the best coverage for your vehicle.
| Coverage Aspect | THIRD-PARTY | COMPREHENSIVE | OWN DAMAGE | Zero Depreciation |
|---|---|---|---|---|
| Accidental Damage to Own Car | ||||
| Fire Damage to Own Car | ||||
| Natural Disaster Damage to Own Car | ||||
| Damage to Third-Party Vehicle | ||||
| Damage to Third-Party Property | ||||
| Personal Accident Protection | ||||
| Injury or Death of Third Party | ||||
| Theft Protection for Own Car | ||||
| Flexible Insured Declared Value (IDV) | ||||
| Additional Add-On Coverage |