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ICICI Lombard Standalone Own Damage Car Insurance
This type of insurance specifically covers damage to your car from things like accidents, theft, fire, or natural disasters. For instance, if you hit your neighbor's car, the mandatory third-party insurance will pay for your neighbor's repairs, but not for your car. Standalone own damage insurance helps you by paying for repairs to your car, saving you money on these costs.
Standalone Car Insurance v/s Third-Party Car Insurance v/s Comprehensive Car Insurance.
| Features | Own Damage Insurance | Third-Party Insurance | Comprehensive Insurance |
|---|---|---|---|
| Cover your own car | Covers damages to your car only | Not covered | Covers damages to both your car and third-party liabilities |
| Third-party liability coverage | Not covered | Covers third-party property damage and injuries | Covers both third-party liabilities and own car damage |
| Coverage for theft | Yes, car theft is covered | Not covered | Yes, car theft is covered |
| Coverage for natural disasters | Yes, covers natural disasters like floods | Not covered | Yes, covers natural disasters |
| Coverage for man-made events | Yes, covers vandalism and riots | Not covered | Yes, covers man-made events |
| Personal accident cover | Optional (through add-ons) | Not included | Available as an add-on |
| Premium cost | Moderate | Lower, as it only covers third-party liabilities | Higher due to broader coverage |
| Add-on covers available | Available (e.g., zero depreciation) | Not available | Available (e.g., engine protection, zero depreciation) |
| Legal requirement | Not required | Mandatory by law | Optional but highly recommended |
| Best for | Those wanting protection for their own car | Those seeking basic, mandatory protection | Those seeking full coverage for car, third-party, and theft |
Motor Insurance Plans By ICICI Lombard
What's Covered and Not Covered Under ICICI Lombard Standalone Own Damage Car Insurance
This insurance combines coverage for your car and for damages to other people's property. Here is a simple breakdown:
What it Covers
Accidents
Damage to your car due to accidents.
Natural Calamities
Damage from events like floods or earthquakes.
Theft
If your car is stolen.
Fire
Damage due to fire.
Personal Belongings Accident Cover
If personal items in your car are damaged in an accident.
What Does it not Cover
Intentional Damage
If you purposely damage your car or someone else’s property.
Criminal Use
Damages won’t be covered if your car is used for committing a crime.
Driving Under the Influence
No coverage for damages if driving under the influence of drugs or alcohol.
Racing or High-risk Activities
Damages from racing or other similar activities are not covered.
Commercial Use
Using your car for business purposes like deliveries or transporting passengers for a fee may not be covered.
Wear and Tear
Regular wear, mechanical breakdowns, or routine maintenance are not covered.
Negligence by Minor
Accidents caused by a minor driving the car without proper oversight might not be covered.
How to Buy ICICI Lombard Own Damage Car Insurance from Square Insurance
Step 1 Go to the Square Insurance website at "https://www.squareinsurance.in/".Step 2 Click on "Car Insurance" under the "Insurance Products" menu.Step 3 If you have a new car, click on "Got a New Car".Step 4 If you have an old car, enter the car's registration number and then click on "View Plans".Step 5 Fill in the required details such as RTO, make, model, variant, and registration year.Step 6 You'll see different plans on your screen. Look through them and pick the one from ICICI Lombard.Step 7 Pay for the selected plan. You'll receive the policy document in your email shortly from the insurance provider.
Add-On Features Available with ICICI Lombard Own Damage Car Insurance
You can add extra features to your ICICI Lombard own-damage car insurance to get more coverage. These extras include zero depreciation, engine protection, key replacement, roadside assistance, and more.Roadside Assistance Cover Registration number, delivery date (for new car), manufacturer, model, fuel type, engine, and chassis number.Zero Depreciation Cover Name, date of birth, address, mobile number, and PIN code.Engine Protect Cover Name and relationship (for Personal Accident Cover).Garage Cash Cover PAN card, Aadhaar card, or passport.Consumables Protect Cover Aadhaar card or voter ID.Personal Belongings Cover Required for registered cars; delivery date for new ones.