Own-damage cover used alongside a valid third-party policy.
What this type of cover does
Covers listed loss or damage to the insured car, without replacing the separate mandatory third-party cover.
Who commonly considers it
Car owners who already hold a long-term or separate third-party policy.
What to check in the policy
Registered name and IRDAI registration details of the insurer or intermediary
Who is insured, when cover starts and when it ends
Sum insured or benefit amount, deductibles, co-payments and sub-limits
Waiting periods, exclusions, claim conditions and cancellation terms
Premium amount, taxes, renewal rules and consequences of missed payment
Claim contact details and the insurer’s grievance-redressal process
Features vary by insurer and product. A generic plan type cannot tell you whether a particular claim will be paid; only the issued policy wording can do that.
