COCODrive Private Car Own Damage 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 if the unforeseen happens.

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

Applicability:
Any Private Car is eligible for this insurance.

Benefits:

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.

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