- 9003179230
- info@neviiminsurance.com
About vehicle insurance
Vehicle insurance or motor insurance is meant for cars, two wheelers and other road vehicles. A motor package policy protects the insured vehicle against the damages caused due to accidents and natural disasters.
In addition to the own vehicle damage, motor vehicle insurance also provides the mandatory coverage for third-party liabilities.
Simply put, a comprehensive vehicle insurance allows for worry-free drives by curbing your vehicle repair expenses and helping you adhere to the law when on road.
Types of vehicle insurance coverage in India
Comprehensive motor insurance
A comprehensive vehicle insurance policy provides coverage against the third-party legal liabilities as well as the losses or damages to the insured vehicle during an accident or mishap. It covers the vehicle against natural and man-made disasters, including road accidents, fire, theft, earthquake, storm, flood etc.
Recommended for: Vehicle owners who want all-rounder protection for their vehicle.
Third-party motor insurance
Third-party motor insurance is mandatory in India as per the law. It protects the policyholder against legal liabilities arising due to an accident involving his/her vehicle. It means that in case an insured vehicle causes bodily injuries, death or property damage to a third-party, the insurer will take care of the legal liability.
Recommended for: As this doesn’t cover the vehicle itself, only third party cover is not recommended for any vehicle. Even if you hardly take your vehicle out on the road, there’s still risk of theft and parking damages. If you choose this type of policy, you’ll have to pay for any damages to your vehicle yourself.
Standalone OD cover
Introduced by the IRDAI, the standalone Own Damage (OD) cover policies allow the vehicle owners to get coverage against the losses or damages caused to their vehicle due to natural or man-made disasters. This type of policy can be purchased by those who already have a third-party cover from a different or the same insurer.
Recommended for: Vehicle owners who want all-rounder protection for their vehicle.
We offer different types of insurance for businesses, including coverage for property damage, legal liability and employee-related risks.
contact us
- Old No. 178, New No.2, 1st Floor Coral Merchant Street, Mannady, Chennai - 600 001.
- info@neviiminsurance.com
- +91 90031 79230
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