Own Damage (OD) Cover (Physical Damage)

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OWN DAMAGE (OD) COVER This is a part of the motor insurance policy coverage Insurance is a motor insurance policy that is intended to safeguard your car against unforeseen own damages. This policy offers car insurance coverage for own damages sustained by your car due to road accidents, fire, natural calamities, or any other mishap. This part of the motor insurance coverage does not include the liabilities for third-party injuries, death, or property damage. The third party liability is covered by the liability plan not the own damage cover. So, for instance, if your car meets with an accident that causes damages to the vehicle itself, the expenses incurred for the damage repair will be borne by the insurance company. While an Own Damage cover is great for your vehicle’s protection, here are few exceptions. -Third-Party Liabilities, Drunk driving, Driving without a Licence, Add-Ons Not Bought, Consequential Damages, Contributory Negligence. If you love your car, ensure that you keep it protected. Some car owners are still unaware of the importance of standalone own damage insurance and skip it as it is not a compulsion. What they need to understand is spending a little extra on OD insurance may potentially help protect them against the financial burden. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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