What Does Comprehensive Car Insurance Mean?
1 Answers
Comprehensive car insurance includes traffic insurance, vehicle damage insurance, third-party liability insurance, non-deductible insurance, and passenger insurance. Comprehensive car insurance covers: 1. Traffic Insurance: Officially known as Compulsory Traffic Accident Liability Insurance, this is a mandatory liability insurance where the insurer compensates for personal injuries, deaths, and property losses of victims (excluding cyclists and the insured) in road accidents involving the insured vehicle, within the liability limits. 2. Third-Party Liability Insurance (TPL): Officially known as Commercial Third-Party Liability Insurance, it covers compensation amounts the insured is legally liable to pay for accidental injuries, deaths, or direct property losses to third parties caused by an authorized driver using the insured vehicle, as per the insurance contract. 3. Vehicle Damage Insurance: This commercial insurance covers damage to the insured vehicle caused by accidents while driven by the insured or an authorized driver, with the insurer compensating within reasonable limits. Vehicle damage insurance and TPL are basic vehicle insurances, primarily covering losses to the insured vehicle and third-party damages caused by its use. 4. Non-Deductible Insurance: Officially known as the No-Claim Discount Clause, it is an add-on to commercial insurance (vehicle damage or TPL). As an add-on, it requires the main insurance as a prerequisite and cannot be purchased separately. Its coverage typically involves special agreements.
