Does car insurance cover damages due to firecrackers? If so, what's the process
Does car insurance cover damages due to firecrackers? If so, what's the process 18th October 2022
Diwali is a time for festivity and celebration. Everyone celebrates it differently; some will enjoy barfis and ladoos, some play cards, and others set off fireworks. While bursting firecrackers is often frowned upon due to the damage caused to the environment, it is still prevalent among a part of the population.
In addition to contributing to pollution, fireworks can be a nuisance to the general population. Imagine the days when you thought a rocket would invade your home.
When you feel frightened in your residence, how do you feel about your parked car in the building or on the road? In a space-constrained city, it is not uncommon for individuals to park their vehicles on the street. Therefore, disregarding the danger of stray crackers inflicting damage on your vehicle during Diwali is impossible.
If your car catches fire by the crackers, will you get insurance? To file a claim, you must first determine whether the risk is covered by your car insurer, as only policyholders with comprehensive car insurance may be eligible to do so. Let's examine the process your car insurance provider might take in this situation.
Does car insurance cover firecrackers damage?
The answer to whether or not comprehensive car insurance covers damage caused by fire is "yes." This feature is subject to a few specific criteria.
For instance, if you have standard car insurance coverage that covers liability toward third parties, it will not cover the damage. However, if you have paid more and opted for comprehensive insurance, the policy will cover incidents of such nature.
You may get all the information concerning the terms and conditions of the plan from your insurance provider. If you prefer, you may look through the insurer's website, call them, or email them to express your interest in learning more about their car insurance policies.
Comprehensive car insurance coverage:
To address this question, it is necessary to take a step back and examine the concept of automobile insurance in India. According to India's Motor Vehicles Act, all vehicles must be insured to be legally driven on Indian roads. Vehicle owners must insure their vehicles with a third-party plan, which covers the owner's obligation towards third parties or properties harmed due to the covered vehicle.
With comprehensive cover, vehicle owners have access to the additional feature. This plan meets the necessary coverage standards (it contains liability coverage) and provides damage coverage. The insurance provider will cover damage to the insured vehicle, which is not the case with a liability-only policy. Comprehensive car insurance covers fire, theft, and natural disasters.
However, for a comprehensive plan, you must pay a higher premium. The compensation for such a plan varies depending on the insurer.
Therefore, it is essential to conduct research and compare plans before purchasing car insurance. The luxury of the internet and smartphones have simplified this process considerably. A few minutes are required for research, followed by quick steps to buy and review the policy's information, and that's it. It is so simple and convenient!
If you have a comprehensive car insurance policy, then you are eligible to claim on your policy. Your claim will be successful if your car catches fire due to firecrackers and the vehicle is damaged beyond repair. It will reimburse you for the total value of the vehicle.
It is vital to note that you may not have a valid claim if your car catches fire, and you can repair it for less than what would be covered by the comprehensive policy. So, this Diwali season, let's invite happiness with the joy of festivity and reliable insurance coverage.
Click HERE to buy comprehensive car insurance to protect your valuable asset.
Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.