Does Your Car Insurance Policy Cover against Vandalism?
Car insurance is a legal requirement as well as providing financial protection. This is due to the mandate of the Motor Vehicles Act of 1988. While you are buying a policy to fulfill the requirement of at least third-party insurance coverage, you should also consider the various additional benefits it can offer through comprehensive coverage. The sum total of benefits you receive from your insurance coverage is determined by the type of policy purchased, the inclusions and exemptions of the plan, and other factors.
While a car may be subject to a number of risks such as accidents, natural disasters and other man-made damages, vandalism has always been a subject of doubt in the minds of policyholders. More precisely, they wonder whether vandalism will be covered when they buy car insurance online. The answer to this question lies in the insurance coverage you purchase. Before that, you need to understand what vandalism is and how it can be related to car insurance coverage. *
What is vandalism?
Vandalism is described as the purposeful destruction of a property that belongs to someone else. In the case of your car, it means damage to your car intentionally inflicted by another individual. This is a common sight during civil unrest, especially during riots. At such time,not only cars, but other personal property of the person is also at the risk of being damaged like houses, shops, etc. *
Is vandalism covered by car insurance?
Now that you know what vandalism is, perhaps the only question you might have is ‘if it is covered under car insurance?’ As mentioned above, the coverage status of damage due to vandalism depends on the type of policy you buy. *
There are two types of car insurance policies. These can be called third-party car insurance and comprehensive car insurance. Third-party policy protects you, the policyholder, from potential liability. These liabilities may arise as a result of an accident or collision where you end up causing damage to the property of a third party. In addition, the insurance policy covers compensation for the injuries or death of such a third party in the event of an accident. As a result, third-party plans cover only legal and financial liabilities. However, you can change the type of policy you have during car insurance renewal. *
Comprehensive policy is another type of insurance plan that can be purchased. This policy includes third-party coverage as well as own damage protection, which is a useful alternative to a third-party insurance plan. *
Since this type of own damage policy covers both natural disasters and human-caused activities, it also covers vandalism. With a comprehensive policy, you can reduce your pocket expenses while getting many more benefits under your insurance coverage. However, keep in mind that comprehensive insurance coverage can also affect car insurance prices. To compare how different the two types of policies can be in terms of price, you can use a car insurance premium calculator. *
Since when your car would be vandalized is impossible to predict, having insurance and being prepared for a catastrophic event such as social unrest or destruction is the best option. If you suspect that something is going to happen, you can avoid such damage by parking your car in a safe place away from the main road. *
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.