How to Switch from Third-Party to Comprehensive Car Insurance

The primary goal of Car Insurance is to provide coverage for the above-mentioned liabilities. However, Third-Party Car Insurance will not provide coverage for these liabilities. So, it is wise to change to Comprehensive Car Insurance from Third-Party Car Insurance.

 

The blog will explain the benefits of Comprehensive Car Insurance and provide a step-by-step guide for switching from Third-Party Car Insurance to Comprehensive Car Insurance.

 

Reasons to Switch to Comprehensive Insurance

Comprehensive Insurance provides coverage for accidental damages, theft, natural calamities like floods and man-made calamities like riots and strikes. Additionally, it provides coverage for third-party liability. However, these are not only the reasons to shift to a Comprehensive Insurance. An elaborate advantage of Comprehensive Insurance is listed below.

 

Coverage option

The primary goal of Third-Party Insurance and Comprehensive Insurance is coverage. However, Third-Party Insurance provides coverage for third-party liabilities, whereas Comprehensive Insurance will provide complete coverage, including third-party liabilities.

 

Apart from the basic coverage, which will fully cover your car, you can also tailor your policy according to your needs with add-ons. Some of the commonly recommended add-ons are roadside assistance, zero depreciation, and an engine protector cover.

 

Covers against theft and fire

Third-Party Insurance will not cover perils like theft, fire and other natural and man-made calamities. However, Comprehensive Insurance will provide coverage for natural calamities like floods and earthquakes and man-made calamities like riots and strikes.

 

Economical Option

Third-Party Insurance is less expensive when compared to the Comprehensive Insurance. However, a Comprehensive Insurance will become more economical in the long run. In case your car gets damaged during a natural calamity like a flood, you need not break your savings or your bank balance to replace the damaged part. A proper Comprehensive Insurance will take care of this cost.

 

Customisable Option

Third-Party Insurance cannot be customised and it is mandatory by the law. So, it will only cover the third-party liabilities. But when it comes to Comprehensive Insurance, you can customise it according to your needs.

 

Comprehensive Insurance will cover Own Damage, Third-Party Insurance and other natural and man-made calamities. Apart from these options, you can also choose add-ons by paying an extra premium. So, your coverage will be enhanced and customised according to your needs.

 

Steps to Switch from Third-party to Comprehensive Car Insurance

Switching from a Third-Party Insurance to Comprehensive Insurance is easy and can be done in a lesser time. Here’s a step by step guide to understand how to switch from a Third-Party Insurance to Comprehensive Insurance.

• Visit your insurance provider’s Car Insurance page.
• Navigate to an insurance purchase page.
• Enter the details like the car number and proceed to the next change.
• You can also customise your Comprehensive Insurance by adding the necessary add-ons like road-side assistance, personal accident and engine protector cover. These add-ons can be availed by paying extra premium and you can purchase it along with your Comprehensive Insurance.
• Before the payment, make sure you read all the terms and conditions and understand the coverage of your policy.
• In case, if the insurance provider requires a car inspection, then you will have to select the date for the inspection. However, during renewals inspection will not be required.
• After the payment is successful, your Comprehensive Insurance will be in effect for your car, and a policy copy will be sent to you by mail.
• Make sure you download it and keep a copy.

 

Conclusion

Car Insurance is mandatory in many countries to ensure people's safety. Third-party insurance only covers third-party liabilities, whereas Comprehensive Insurance covers third-party liabilities, theft, and own damage.

 

Additionally, Comprehensive Insurance can be customised by opting for add-ons like roadside assistance, engine protector covers, key replacement covers and personal accidents. Shriram General Insurance provides Comprehensive Insurance at affordable rates and add-ons that will cater your policy according to every individual requirement.

 

FAQs

1. Why is comprehensive insurance needed?

Comprehensive Insurance is required to provide complete coverage for the insured car. It protects the insured car from third-party liabilities, own damage and natural calamities like earthquakes, floods and earth and man-made calamities like riots and strikes.

 

2. Can a 10-year-old car get Comprehensive Insurance?

Yes, a 10-year-old car can get Comprehensive Insurance and it will help the owner compensate for repairs and replacement of the car parts.

 

3. Which is mandatory, Third Party or Comprehensive Insurance?

Third-Party Insurance is mandatory by law. However, Comprehensive Insurance will provide complete coverage, which includes third-party liabilities, own damage, theft and natural and man-made calamities.