How Does Car Insurance Help During Natural Disasters?

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 Natural disasters can strike anywhere and anytime, causing massive damage to your belongings, such as damaging your car, which may be among your most valuable possessions after your home. As a result, it is critical to insure your vehicle with an appropriate car insurance policy.

Firstly, let us understand whether car insurance covers natural disasters.

A comprehensive car insurance policy covers any damage to your four-wheeler caused by natural disasters such as cyclones, floods, earthquakes, storms, etc.

A comprehensive car insurance policy, for the uninitiated, is a contract between the car owner and the motor insurance provider in which the latter promises to cover the former’s liabilities to third parties and damages to the car caused by natural disasters, accidents, man-made disasters, fire, and theft.

Third-party insurance, on the other hand, does not allow for this. Even if you have the most popular car insurance policy, if it only covers third-party damage, you will be responsible for repairing/replacing the damages caused by natural disasters on your own.

As a result, if you want your motor insurer to cover the damages caused by a natural disaster, you must have comprehensive insurance coverage.

If you want to compare the premiums of a third-party policy with a comprehensive one, then you may use an online car insurance calculator.

Some other advantages of comprehensive coverage during natural disasters are listed below:

  • Cashless claims: One of the most significant advantages of having car insurance during a natural disaster is the possibility of making cashless claims. If a cyclone damages your car, contact your auto insurance company and request cashless claims. The insurer may arrange for your damaged vehicle to be towed to a nearby garage and pay the bills. *
  • No Claim Bonus (NCB): You can take advantage of the No-Claim Bonus if you have a comprehensive car insurance policy. You may save on your premium renewals if you do not file any claims during the policy term. You also get the option to transfer your existing NCB to a new policy. *
  • Inspection without Hassle: Another advantage of having an online comprehensive car insurance policy is the simplified inspection and claim process. So, if your insured vehicle is damaged in a natural disaster, there would be no reason to panic. If you choose a comprehensive plan, you can enjoy the car insurance benefits of a hassle-free inspection with high-quality services. *

* Standard T&C Apply

Frequent damages can gradually deteriorate certain parts of your vehicle, which may be excluded from your basic comprehensive insurance policy.

Fortunately, you can supplement your comprehensive car insurance policy with various add-on covers. An add-on cover is an additional protection the insurer provides for a small extra charge to the car insurance premium.

Suppose, you live in a natural disaster-prone area. In that case, you can purchase add-on covers such as engine protection cover, NCB protection cover, consumable cover, zero-depreciation cover, and so on.

To summarise: All comprehensive car insurance policies cover natural disasters. Nonetheless, you can supplement a 4-wheeler insurance policy’s coverage by purchasing relevant add-on covers from India’s most popular car insurance companies.

If your existing policy is due for renewal, then do check out  Bajaj Allianz car insurance renewal policy features before you make your purchase.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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