What Are the Different Types of Car Insurance Plans and What Do They Cover?

There are basically two types of car insurance plans: Third Party Liability Only Plan and Comprehensive Car Insurance Plan

Third Party Liability Only Car Insurance Policy Coverage

The liability only motor insurance policy covers the vehicle owner's legal liability claims to pay compensation for the followings:

• Bodily injury of a third party
• Death of a third party person due to an accident
• Damage to any third party property
• Covers the owner or driver of the vehicle for medical treatment for up to Rs. 15 Lacs.

Comprehensive Car Insurance Policy Coverage

Comprehensive car insurance covers all the aspects that are covered under the third party policy plus, it also covers any loss or damage to your own vehicle. The package policy from motor insurance online covers the following:

• Strike and riot.
• Inundation, Flood, Typhoon, Hailstorm, Hurricane, Cyclone, Storm, and Tempest
• Malicious Act.
• Damage to your vehicle due to self-ignition, fire, lightning, explosion.
• Housebreaking, burglary, theft.
• Terrorist Act.
• Earthquake (Fire and Shock) Damage.
• Accidental external means.
• Damage from landslide/Rockslide
• Damage or loss to the car while it is in transit through road, inland waterway, lift, elevator, rail, air etc.
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Considering the depth of coverage offered with both type car insurance plans, it’s always advisable to go with comprehensive auto insurance. You can always go for some additional covers with your comprehensive policy to extend your motor insurance coverage by paying an extra premium. If you are looking for an ideal cover for your car, GIBL.IN can help you choose and find the best car insurance policy as per your requirements. You can renew your car insurance policy with extended coverage at a lower premium from GIBL.IN