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Zurich Kotak Own Damage Car Insurance
Standalone own-damage car insurance is one of the main car insurance plans offered by Zurich Kotak General Insurance. It protects you and your car from unexpected problems on the road. It pays for damage to your own car if it gets stolen, damaged by someone, catches fire, explodes, meets with an accident, or is harmed by natural or manmade disasters.
This type of insurance is not mandatory like third-party insurance. But it is still a good idea to buy it because it gives you better protection than having only third-party insurance.
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 Zurich Kotak
What Is Covered Under the Kotak Standalone Own-Damage Policy?
What it Covers
This policy covers damage to your own car in the following cases:
Road accidents
Fire or explosions
Theft or total loss of the car
Natural or man-made disasters (like earthquakes, floods, etc.)
What Does it not Covers
This policy does not cover:
Accidents that happen outside India
Loss in the car’s value over time (depreciation)
Electrical or mechanical breakdown
Any damage caused while driving illegally (without a licence, drunk driving, etc.)
Benefits of Zurich Kotak Standalone Own-Damage Policy
Here are the main benefits of this policy:- You can buy extra add-on covers to make your car insurance stronger.
- It protects your car in many different situations and helps you stay financially safe during tough times.
- You get a No Claim Bonus (NCB) every year you do not make a claim. This bonus keeps increasing each year and can go up to 50% by the fifth year.
FAQs
It is an insurance plan that protects your own car from damage caused by accidents, fire, theft, or natural disasters.
No. Own damage insurance covers only your car. For third-party cover, you need a separate third-party policy.
Yes. You can add useful covers like:Zero DepreciationEngine ProtectRoadside AssistanceReturn to Invoice
Anyone who wants to protect their own car from different types of damage should buy this policy, especially new car owners.
Yes. When you combine both, it becomes comprehensive insurance, which gives complete protection.