Comprehensive car insurance online is a type of coverage that protects your vehicle in the event of damage or theft. It is usually more expensive than 3rd party car insurance, but it offers more comprehensive protection.
If you are currently insured under a third-party policy, it is sometimes possible to upgrade to a comprehensive policy. However, this will depend on the insurer and your current level of cover. You should contact your insurer to find out if it is possible to upgrade and the cost.
Features of comprehensive car insurance
If you are thinking of upgrading to comprehensive car insurance online, here are seven features that you should look for
1. Coverage for damage to your vehicle caused by fire, theft, vandalism, or accidental damage.
2. Coverage for damage to other people’s vehicles and property, up to the limits of your policy.
3. Coverage for towing and roadside assistance in the event of a breakdown.
4. A replacement vehicle if your car is written off or stolen.
5. Protection against Loss of use compensates you for the income you lose if your car is out of action.
6. Coverage for medical and legal costs if you are involved in an accident.
7. Protecting your personal belongings can be valuable if you keep them in your car.
Comprehensive insurance is an excellent option for those who want peace of mind in the event of an accident or theft. In addition, it can provide coverage for damage to your vehicle, other people’s vehicles and property, and several other expenses.
Reasons to choose Bajaj Finance for comprehensive car insurance
Bajaj Finance offers a range of comprehensive car insurance online policies that provide you with the protection you need in the event of damage or theft. Their policies offer a high level of cover and are designed to meet the needs of Indian motorists.
- Comprehensive cover for both new and used cars
- Cover for personal accident and third party liability
- Instant policy issuance
- 24/7 customer support
Steps to convert your existing third-party insurance into comprehensive
1. Contact your insurer and find out if it is possible to upgrade to a comprehensive policy.
2. Get a quote for the cost of upgrading to comprehensive cover.
3. Compare the cost of upgrading to comprehensive with buying a new comprehensive policy.
4. Decide whether it is worth upgrading to comprehensive cover or cheaper to buy a new policy.
5. Contact your insurer to upgrade to comprehensive cover if it is the cheaper option.
Things to take care of while converting your existing third-party insurance into comprehensive
1. Check your existing cover
Before upgrading to comprehensive car insurance online policy, it is essential to check your current level of cover. Ensure that the new policy will provide the same level of protection, or more, than your existing policy.
2. Consider your options
Other types of insurance coverage may be available that could better meet your needs. Therefore, it is essential to compare the different public policies and choose the right one for you.
3. Check the cost
Upgrading to a comprehensive policy can be expensive, so shopping around and comparing prices is essential. Make sure you are getting good value for your money.
4. Read the small print
Before signing up, it is essential to read the small print of any insurance policy. This will help you understand the cover that is being offer and the exclusions that may apply.
5. Be aware of your excess
You will need to pay a lot when making a claim. This is the amount you will have to pay towards each claim before the insurer contributes. So make sure you know the excess amount before signing up for a policy.
6. Get advice
If you are unsure which policy is right for you or have any other questions, it is best to speak to an insurance advisor. They will help you find the right policy and answer any questions you may have.
7. Check the renewal date
Make sure you check the renewal date of your policy. If you do not renew your policy before it expires, you may not be covered in the event of an accident or theft.
How comprehensive insurance is better than third-party insurance?
Comprehensive insurance typically offers a broader range of protection than 3rd party car insurance. For example, it can provide coverage for damage to your vehicle caused by accidents, theft, fire, vandalism, and other risks. It can also protect your personal belongings, often not covered by third-party policies.
If you are already insured under a comprehensive policy, there is no need to upgrade. However, if your policy does not offer all the cover you need, it may be worth considering upgrading to a more comprehensive policy.
Summary
Comprehensive car insurance online is typically more costly than 3rd party car insurance, but it provides more coverage. Therefore, it is generally possible to upgrade from a third-party policy to comprehensive insurance if you are already covered under third-party insurance. This, however, will be determined by the insurer and the present amount of coverage.
