Certain losses are not covered by auto insurance coverage. For additional information on typical auto insurance policy exclusions, continue to read.
A car owner might use auto insurance coverage as a means of safeguarding their financial interests from any damage or loss to their automobiles. However, there are some accidents for which the auto insurance company does not offer coverage. The terms and conditions of the insurance policy frequently list these exclusions. It’s also important to understand what an insurance policy does not cover because knowing this will be useful when filing claims.
Wear & Tear: To ensure that you have safe and comfortable travel, the car needs regular maintenance inspections. However, any damage to your car brought on by natural wear and tear is not covered by your auto insurance policy.
Driving While Inebriated: In India, it is illegal to operate a vehicle while intoxicated. As a result, insurance companies won’t cover the damage that arises from driving while intoxicated or using any other intoxicant.
Intentional Property Damages: The insurance company is not liable for paying damages if the insured willfully hurts another person or property. In addition, the insurance will not submit any claims for the property damage.
Using a Private Vehicle for Business Use: If it is proven that you are using a personal vehicle for work, your insurance company will not pay any damages if your car is damaged.
Driving on Indian Roads Without the Necessary Documentation: According to the Indian Motors Act, you must always have the necessary documentation on you when driving on Indian roadways. If you are traveling without proper papers when you have an accident, your insurance will not pay for any damage expenses.
Consumables: The vehicle’s other parts, including consumables like oils and lubricants, nuts, and bolts, are not eligible for damage claims. Throughout the claim settlement procedure, the policyholder will be responsible for these expenses.
Even though these are standard exclusions, different insurers may offer varying degrees of protection. To make an informed decision, it is essential to carefully read through all of the terms and conditions contained in the policy document before purchasing it.
