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HomeBusinessOwn Damage Car Insurance. What is Own Damage Insurance? Find...

Own Damage Car Insurance. What is Own Damage Insurance? Find out about the coverage available within it and the benefits of this insurance money moguls

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Photo: CANVA What is Own Damage Insurance? Know your benefits

Self-damage auto insurance is one of those custom auto insurance policies designed to compensate for the wear and tear caused to you and your insured vehicle. For example, if another car collides with the car parked in your parking lot, self-damage auto insurance can save you a lot of trouble in such a situation. Let us tell you about its benefits.

Who can take out Own Damage Insurance?

According to the rules of insurance companies, now only these cars and two-wheelers can get a self-damage car insurance policy, which only has third-party car or bicycle insurance. For example, if a person has bought a car and has taken their insurance from a third party, then these people can opt for Self-Damage Auto Insurance when buying the vehicle.

What are the benefits of personal injury insurance?

Vehicle damage in accident If someone comes and hits your parked car from behind or a ball of children playing cricket in the park hits your car mirror, then in such a situation, own damage auto insurance can save you from a huge loss.

car theft- Personal Damage Auto Insurance can protect the owner from major losses if the vehicle is stolen. In this, the owners get compensation based on the condition of the stolen vehicle. Therefore, if you have taken this insurance policy, then you can sleep easy at night.

arson Often our vehicles are also damaged due to house or factory fires. Your vehicle is also damaged in an arson due to many other reasons. In such a situation, Own Damage Car Insurance thoroughly investigates the matter and guarantees compensation for your loss.

natural disaster- Even if the vehicle is damaged due to a natural calamity, the insurance company compensates you for the financial loss. If the vehicle is damaged in circumstances such as an earthquake, tsunami, typhoon, or landslide, the cost of repair must be paid by the insurance company.

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