Car Own Damage Insurance

Own Damage (OD) helps you stay covered against damage caused to your vehicle due to accidents like fire, theft, etc. In case of an accident, an own damage cover compensates you for expense to repair or replace parts of your car damaged in the accident.

What are the Benefits of Car Own Damage Insurance?



What Does Car Own Damage Insurance Policy Cover?
This policy covers the cost of damages to your car due to-

Natural calamities like floods, earthquake, fire and more
Man-made calamities like vandalism, riots and terror attacks
Damage to your car or the belongings in the car in case of an accident
Theft or malicious acts

It also covers

Explosion
Hailstorm
Terrorism
Frost
Inundation
Self Ignition
Lightening
Cyclone
Tempest
Riot & Strikes
Hurricane
Landslide
Rockslide
Typhoon
Transit by Rail, Road, Air & Elevator

What does Car Own Damage Insurance Policy not cover?
When opting for an own damage car insurance policy, you must be aware of what benefits you're missing out on. Let's take a look at what this policy does not cover:

Damages to a third party vehicle
Damage caused to a third party property
Injuries caused to other people in an accident
General wear-and-tear of the car
Cars being used other than in accordance with the limitations as to use. For example, if you use a private car for remuneration purpose.
Mechanical and electrical breakdown
Damage to/by person driving without a valid driving license
Loss or damage caused while driving under the influence of alcohol or any other intoxicating substance
Loss or damage due to depreciation of the car's value
Loss or damage due to war or nuclear risks
Consequential loss - if the original damage causes subsequent damage/loss, only the original damage will be covered under our motor insurance

Add-On Covers for Car Own Damage Insurance
At Reliance General Insurance, we want to make sure our car insurance holders can secure the best possible protection for themselves. So choose wisely and secure your car with our assortment of add-on covers for car insurance.

Motor Secure Plus Cover
For superior risk coverage, we have compiled a mix of add-on covers in a single package. The Motor Secure Plus Cover includes-
Nil Depreciation Cover
Consumables Cover
Engine Protector Cover
Note that automobile insurance coverage is available only for the claims intimated within 7 days of the loss or damage.

Motor Secure Premium Cover
The Motor Secure Premium Cover encapsulates all of the crucial risk factors to offer a comprehensive coverage in a single package. The Motor Secure Premium Cover includes-

Nil Depreciation Cover
Engine Protector Cover
Consumables Cover
Key Protect Cover Private Cars

Nil Depreciation
Depreciation reduces the value of your cover drastically. This add-on cover compensates for the depreciating value of your car. opt for this and you will not have to bear the losses occurred due to depreciation on all parts except the tyres and tubes. This add-on cover is applicable to the following conditions-

This add-on covers private cars, with a maximum of two claims in one vehicle insurance policy period
In case of partial loss, we will settle a claim made for the insured car only if it is repaired by at one of our authorized dealers or workshops
Compulsory Excess will be applicable as per normal practice and Voluntary Deductible will be applicable if you have opted for it Nil Depreciation

NCB retention on cover
No claim bonus (NCB) is a discount, given by an insurer to a policyholder for making no claims during the policy term. NCB can be accumulated over the years and the discount ranges from 20% to 50% on its own damage premium. This is simply a general insurance company's way to reward the customer's good driving behavior.

NCB retention cover is a great way to assure that your safe driving and hard-earned bonus stay protected even if you make a claim. Let's understand it with an example-

Suppose at the end of 12 months of the policy, the insured did not make any own damage claim. In this case, the insurance company provides the insured with an NCB-based discount on their premium. All the same, if the insured was enjoying an NCB bonus of 45 %, and he/she makes a claim that year, the NCB will be impacted and will be reduced to 0% in the coming year. To safeguard such a scenario, an NCB Retention Cover comes handy. This add-on cover protects the NCB discounts in case the insured makes an Own Damage claim.

Below mentioned are the features of the NCB Retention Cover-

Applicable for 1 OD claim
Renewal of policy with RGI 25% of IDV as mentioned in the policy schedule.
Subject otherwise to the terms, exceptions, conditions, and limitations of the Policy.

Consumables Cover
Sometimes, a bunch of seemingly insignificant expenses can create a big dent in your pocket. All expenses incurred on consumable items are covered in case they are damaged due to perils covered our policy. Consumable items such as nuts and bolts, screws, washers, grease, lubricants, clips, AC gas, bearings, distilled water, engine oil, oil filter, fuel filter and break oil are covered. This add-on cover is applicable to the following conditions

This add-on covers private cars, with a maximum of two claims in one motor policy period.
In case of partial loss, we will settle a claim made for the insured vehicle only if it is repaired at one of our authorized dealers or workshops.

Engine Protector Cover
An engine is the heart and soul of your car. The Engine add-on cover offers compensation for expenses incurred while fixing the indirect damage done by water ingression or leakage of lubricating oil leading to loss or damage to-

Engine Parts
Differential Parts
Gear Box Parts

Key Protect Cover
Let's be honest, we have all misplaced or lost our home/vehicle keys at some point in our lives. While we cannot find your keys for you, we can certainly cover the expenses you incur while repairing or replacing your car keys and/or locks and/or lockset. Here are some more details about the Key Protect Cover-

The coverage will be available only for a maximum of two claims during your motor insurance policy period.
A claim resulting from burglary or theft should be supported by a First Information Report (FIR) with the police.
The replaced keys/lock/lockset is of the same nature and kind as the one for which the claim has been made.
The loss or damage to the keys/lock/lockset is reported to us within 7 days of the loss or damage.
Replacement of key(s) will be allowed for broken or damaged keys only.
In case of theft or misplacement of key(s), the entire set comprising of key, lock and lockset will be replaced, subject to the handing over the other key(s) to us.

Daily Allowance Benefit
We can't deny the fact that accidents happen! In this condition, we have to leave our vehicles in the garages and travel by our own. This add-on cover compensates for your daily travel allowance when your vehicle is in the insurer's authorized network garage for more than 3 days for repairs. This add-on cover is applicable to the following conditions-

Triggered if 3days vehicle under repairs due to perils/OD
Option to choose days & amount
Allowance Limit Rs.5000/- per day (For Pvt car limit can be increased further)
Lumpsum theft benefit, if vehicle is not recovered 30 days
Applicable only for partial claims

Make Your Car Insurance Premium More Affordable with Our Special Discounts

No Claim Bonus
The No Claim Bonus is your rightful reward for being a responsible driver. As our responsible customer, you can enjoy No Claim Bonus which increases progressively on a yearly basis, until the discount reaches a whopping 50%. Here's how it is accumulated on a yearly basis-



Voluntary Deductible
You can avail discounts on your car insurance premium in case you have opted for a voluntary deductible while buying the policy. A Voluntary deductible is a minimum amount that you choose to pay from the claim amount. The higher the Deductible amount, the lower is your auto insurance premium. Please refer to the below table for the applicable Voluntary Deductible-



Additional Discounts
Besides the attractive discounts offered by NCB, you can avail additional discounts on auto insurance in case
You are a member of any recognized automobile association
You have installed an anti-theft device in your car
You have covered the vehicle for specific location usage