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​These days, choosing a car is no easy task. Considering the number of car models and variants in the market, today’s car buyer is spoilt for choice. After much contemplation, when you finally zero in on ‘the’ car, the next thing in store for you is getting a car insurance policy.

While it is certainly convenient to just buy the policy offered by the dealer, it is crucial to get a car insurance cover that meets and covers all your requirements. In order to finalize the best insurance cover for your car, let us understand the types of insurance covers.
To start with, there are two broad categorizations of coverage.  that are present in a car policy. 
They are - 

1. ​Own Damage

2. Third Party Liability


Based upon these two types of coverage, there are two types of insurance policies you can avail. They are Third Party Car Insurance Policy,Own Damage Car Insurance Policy and Comprehensive Car Insurance Policy.

Third Party Car Insurance


As per the Motor Vehicles Act of 1988, it is mandatory to avail a Third Party Cover. Without it, you will be driving your car unlawfully on the road and would result in a penalty and/or fine. This cover offers coverage against legal liability caused to a third party due to your car or vehicle. In simple terms, Third Party insurance covers injury or death caused to a third person by your vehicle along with damage caused to a property. Here’s one interesting feature of the cover. As per the Motor Vehicles Act, the claimant is not obliged to prove negligence of the driver that was responsible for the accident. As the name suggests, Third Party Insurance only covers third party liabilities. It does not cover damage to your vehicle or theft. Considering the nature of the cover, the premium is also low.

Own Damage Car Insurance Policy


An Own Damage car insurance policy​ helps you stay covered against the damages caused to your car due to accidents like fire, theft, etc. 
In case of an accident, an own damage cover compensates you for expense to repair or replace parts of your car damaged in the accident.

This policy covers the cost of damages to your car due to-

1. Natural calamities like floods, earthquake, fire and more

2. Man-made calamities like vandalism, riots and terror attacks

3. Damage to your car or the belongings in the car in case of an accident

4. Theft or malicious acts

Comprehensive Car Insurance Policy


​With comprehensive car insurance​, you get the benefits of Third Party Liability cover along with Own Damage coverage. As the name indicates, it offers in-depth, end-to-end protection for you and your car. The key feature of this insurance is that it covers theft of the car in addition to damage due to a number of reasons. If you have this cover and your car gets stolen, you can breathe easy knowing the fact that it will be covered. Comprehensive insurance covers a number of perils such as vandalism, fire damage, floods, damage due to natural calamities like tornado, wind storm etc, glass breakage (e.g. windshield), damage due to falling object and so on. You can also amplify your protection with add-on covers such as Personal Accident cover, Electrical Appliances cover, Zero Depreciation cover and much more.
​So these were the three types motor insurance covers you can avail. When it comes to automobile insurance, it is always better to be safe than sorry. Considering the aforementioned information, you can be in a better position when you are buying car insurance helping you safeguard your peace of mind in the process. ​