COCODrive Private Car Package Policy - Navi General Insurance

We protect you and your vehicle from accident and associated consequences. Everyone likes to have his or her own set of wheels whether for work or social reasons. For some, the car is their first love. Owning a car is an expensive investment. Which is why it's necessary to protect yourself, your occupants and most importantly, your precious car against huge losses and legal liabilities if the unforeseen happens.

With Our COCO Drive Private Car Package policy, you get right and complete protection for you and your Vehicle.

Applicability:
Any private registered Private Car is eligible for this insurance.

Benefits:

Third party liability:
Our policy protects you against any legal liability arising out of the use of the vehicle, towards third party bodily injury and any third-party property damage.

Loss or damage to the vehicle:
Our policy covers you against any loss or damage caused to the vehicle or its accessories due to the following risks.

Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rock slide, Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, and any damage in transit by road, rail, inland waterway, lift, elevator or air.

Sum Insured:
Your vehicle is insured at a fixed value called the Insured's Declared Value (IDV). IDV is calculated on the basis of the manufacturer's listed selling price of the vehicle (plus the listed price of any accessories) after deducting the depreciation as per age of your vehicle as per table:



If the price of any non - electrical accessory or electrical / electronic accessory installed in the vehicle is not included in the manufacturer's listed selling price, then the actual value (after depreciation) of this item can be added to the Sum Insured over and above the IDV for extending the cover to these items as well.
Similarly, CNG-LPG bi-fuel kit can also be covered by paying additional premium.

In the unfortunate event of total loss or theft, we pay you the IDV mentioned on the policy without any deduction.
Additional covers at extra cost:

Owner Driver Personal accident cover: Policy provides compulsory personal accident cover of Rs. 15,00,000 to individual owners of the vehicle while driving the insured vehicle or mounting into/dismounting from the vehicle insured or whilst travelling in it as a co-driver provided they have valid driving license to drive the vehicle.

This cover is not applicable for a Company owned vehicle.

Occupants of Vehicle can also be covered for Personal Accident for a maximum Capital Sum Insured of Rs. 2 lakhs per person.

Additional Legal liabilities:
The following legal liabilities may also be opted at an additional premium.
Employed paid driver.
Your employees travelling in/driving your vehicle.

Premium:
Premium will be charged as per rate applicable on the date of insuring the vehicle.

GENERAL EXCEPTIONS:
The company shall not be liable if loss or damage is attributed to the following;

1. If the vehicle insured herein is used otherwise than in accordance with the Limitations as to Use provision which prohibits use of vehicle for
a. Hire & Reward
b. Carriage of goods other than samples or personal luggage
c. Organized racing
d. Pace making
e. Speed testing
f. Reliability trials
g. Use in connection with motor trade

2. If vehicle is driven by any person other than a Driver as stated in the Driver's Clause.

3. In respect of any claim arising out of any contractual liability.

4. Consequential loss, wear & tear, depreciation, mechanical or electrical breakdown.

5. person driving your vehicle is under the influence of intoxicating liquor or drugs.

6. Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;

7. Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising there from or any consequential loss.

8. War, Invasion, the Act of foreign enemies, hostilities or warlike operations (whether before or after declaration of war), Civil War, Mutiny, Rebellion Military or usurped power, nuclear weapons material, liability arising from ionizing radiations or contamination by radioactivity from any nuclear fuel.