Knowledge Centre

All you need to Know about Your Policy Coverage in Case of a Road Accident

As per the Ministry of Road Transport & Highways, India has witnessed more than 4, 80,652 road accidents during 2016 and fatalities rise by 3.2%. On an average more than 400 people lose their lives daily on road, due to accidents caused by the driver negligence is the most. It has also been observed that two wheelers are majorly facing accidents and high death ratio due to non-wearing of helmets and speeding. As per the reports, 46.3% killed in road accidents were young, between the age group of 18-35 years. These statistics clearly show the high probability of accidents happening on road, mostly due to driver’s negligence and non-compliance of traffic rules.

Car Insurance coverage during Road Accident

Like we discussed above, accidents are fatal to property and life of both driver as well as the victim. Hence, it is crucial to safeguard such risks it’s always advisable to opt for car insurance policy. It covers expenses in case of damage of vehicle of third party. A valid car insurance policy will protect your finances during contingencies and help you deal against the situation in a better way. As per the Motor Vehicles Act, third party motor insurance is mandatory. It provides personal accident cover to owner driver (injuries & death) and damage caused to third party property. You can opt for multiyear third party policy by HDFC ERGO and get rid of yearly premium hikes. Click here to buy third party liability only policy.

In an accident there are higher chances that even your vehicle may face damages, to cover those damages it’s safe to opt for comprehensive policy coverage.

Importance of comprehensive car insurance for accidents

Protects your vehicle

  • A comprehensive car insurance policy covers costs arising due to accidental damage of your vehicle.

  • In case your vehicle is partially or totally damaged due to Terrorism, riots, strike or malicious act. Transit by road, rail, inland waterway, lift, earthquake, flood, storm, landslide and rockslide. Your policy covers the repair and labour costs, all you have to pay are the compulsory deductibles.

Personal Accident Cover

A car insurance policy covers costs incurred during medical treatment of the driver. However, you can choose to cover the occupants by paying an additional premium.

Third Party Legal Liability

This cover is a mandate as per the motor vehicles act of India; driving a vehicle without a third party policy may land you into legal troubles.

  • Accidental death or injury to any third party

  • Any damage to property owned by third party

Car insurance claim process brief

In case of a car accident insurance claims due to untoward incident leading to damage of vehicle, injury or death please call our claim support team and get answers to your queries. You can read the detail claim process for motor insurance.

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