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GetReal-life situations where you need motor insurance
Dec 14, 2019
- Your car is damaged in a collision with another car
- Collision insurance will compensate you for the cost of repairing damage to your car, provided your deductible is lower than the total repair cost
- You injure another driver and/or damage his car in a collision
- Third-party motor liability insurance covers you from legal liability for injury or property damage to another person due to an accident in which you were involved. This also covers compensation claims by their family after death.
- Your car is involved in a collision with another car and you suffer injury
- Personal Accident cover gives protection to both the owner-driver and a hired driver for death or injury in a motor accident (100% claim is awarded in case of death/severe limb damage).
- Your car is involved in a collision with another car and the other driver is injured
- Bodily Injury Liability Insurance will cover the other driver's treatment costs if they don't have Personal Accident insurance themselves.
- Your car is stolen from your office parking-lot / destroyed in a collision
- Your insurer will compensate you for the depreciated cost of your vehicle at the time of the crash. If you have the Return to Invoice add-on, you could instead get compensated for the full sticker-price of the car, as new.
- Your car’s engine or electronic circuit are damaged by floods
- The Engine Guard add-on compensates you for damage suffered to the engine and circuits, e.g. hydrostatic lock during floods (NB: it’s meant for unforeseen failures, not wear-and-tear repairs).
- You suffer an accident or serious breakdown on a remote highway
- A roadside assistance add-on lets you call for help when driving through a remote area. This covers everything from punctures to battery failures. You will usually get fuel, transport and short-term accommodation in the area.
- Your mobile phone and laptop are stolen from your car
- Insurance add-ons compensate customers for theft of belongings from a locked car. A wide range of covers is available, up to as much as Rs. 50,000.
- You are stuck without a car as your car is being repaired after an accident
- The Daily Allowance add-on reimburses you for the expense of finding alternative transport if your car is damaged/stolen. The amount could be as much as Rs. 1,000 per day, for up to two weeks.
This blog is intended solely for educational and informational purposes. Content reflects data at time of publication and may not accurately reflect current premiums, terms, or regulations. Readers are encouraged to confirm the accuracy and relevance of the data before making any significant decisions. SBI General Insurance disclaims responsibility for any errors or consequences arising from the use of outdated information provided herein. For more details, please refer to the policy wordings and prospectus before concluding the sales. *Add-ons are subject to payment of additional premium.
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