Many policy holders know that car insurance provides cover against third-party liabilities and own damage cover. If you intend to earn some extra money on the side with your private car to deliver goods or providing a private hire service. It is important to understand that your standard policy is not sufficient. Instead, you need to ask you broker to include phv insurance. However, a lot of them might not know that a car insurance plan also offers a few other crucial benefits. Cover against natural calamities is one of them.
Read on to know more about this cover.
Natural disasters can occur at any time and can have a huge impact on our assets. One of the assets that can be extremely vulnerable to a natural disaster is our cars. A natural calamity can severely damage them. However, a car insurance policy can be of great help in such a situation.
A car insurance policy can be extremely beneficial in case a policyholder’s vehicle gets damaged due to a natural disaster. It provides cover against damages and losses that may arise due to various natural calamities. A car insurance plan covers disasters such as earthquakes, cyclones, storms, etc.
Apart from covering third-party liabilities and damages to own car, cover against natural calamities is another main advantage that car insurance offers. Therefore, every car owner should consider purchasing a car insurance policy. However, a policyholder needs to keep in mind that this benefit is offered in comprehensive car insurance.
There are mainly two types of car insurance- third-party car insurance and comprehensive car insurance. Third-party car insurance provides financial assistance to pay for the expenses that arise due to damage or loss caused to a third-party person or property. Whereas, comprehensive car insurance provides extensive coverage. If a policyholder has comprehensive car insurance, then he/she will receive cover against third-party liabilities as well as damages to his/her own car and the rider.
The premium of third-party car insurance is lower compared to comprehensive car insurance. However, a comprehensive plan provides more benefits. Furthermore, a comprehensive car insurance policy provides cover against natural calamities. Therefore, it is of utmost importance that car owners who live in a disaster-prone area consider comprehensive car insurance.
Car Insurance Claim Process for Cover Against Natural Calamities
- Collect Evidence
The impact of a natural disaster can be substantial. Therefore, it is crucial that the policyholder collects evidence that explains the damages caused to the vehicle due to a disaster. The insured person should take pictures of the car’s interior and exterior. Also, click pictures of the vehicle’s trunk and the engine compartment.
- Estimate the Damages
It is recommended that the policyholder estimates the repair cost in advance. This way, he/she will know if the insurer is providing accurate compensation. A policyholder can take help from a local mechanic to find a rough estimate amount that will be required to repair the car.
- Inform the Insurer
The policyholder needs to inform the insurance company at the earliest.
- Claim Settlement
If the claim settlement amount is low, then the policyholder can discuss it with the insurer.
In conclusion, car insurance can make your car more secure. It can protect you from huge repair expenses. Furthermore, it can be beneficial to you in case a natural disaster damages your car.
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