Cholamandalam Standalone Own Damage Car Insurance

The Cholamandalam car standalone insurance online coverage adds an extra layer of security to the insured vehicle and policyholders against road hazards. Cholamandalam MS General Insurance provides standalone own-damage insurance, which is not mandatory but is very useful because it covers a broad range of situations such as accidents, theft, fire, explosion, burglary, man-made disasters such as riots, vandalism, and so on, as well as natural calamities such as earthquakes, floods, and landslides. Ownership of this coverage while driving gives car insurance policyholders a sense of assurance during a catastrophe.

How does Cholamandalam Standalone Car Insurance Policy Work?

A standalone car insurance policy is a policy that protects you against damages incurred by you and your vehicle in the event of an accident. It does not cover third-party expenses; but would provide coverage for injuries and physical damages to the vehicle and the driver involved in the collision. 

A standalone on Cholamandalam car insurance can be claimed right after a mishappening. When you fall into an accident, you must inform the insurance provider regarding the damages suffered by you. The company would access the claim and reimburse all the expenses borne by you in the accident. This would include vehicular as well as personal damages. 

Cholamandalam Standalone Car Insurance Vs. Third Party Car Insurance vs. Comprehensive Car Insurance

What All is Covered Under Cholamandalam Standalone Car Insurance Policy?

The following features are covered by Cholamandalam standalone own-damage vehicle insurance: 

• Damage caused to the insured car as a result of an accident.
• Damage that is beyond repair or theft of the vehicle.
• Damage to the car due to a fire or explosion.
• Car damage or loss incurred during transportation.
• Damage due to a natural disaster or a man-made disaster.

What All is not Included Under Cholamandalam Car Standalone Insurance Policy?

The following features are not covered by Cholamandalam standalone own-damage car insurance:

• Third-party liabilities.
• The car's depreciation value owing to wear and tear.
• Damages resulting from wars, invasions, and other events.
• Car breakdown due to a mechanical or electrical problem.
• Theft or loss as a result of carelessness, such as forgetting to lock the automobile.
• Damage caused by an accident that occurs outside of the geographical place.
• Damages caused due to driving without a valid driving licence/policy.

Cholamandalam Car Insurance Standalone Benefits

The following are a few of the advantages of Cholamandalam standalone car insurance online:

• Provides financial assistance in the event of an automobile accident or other misfortune
• With standalone own-damage car insurance, you can choose from various optional coverages.
• The insurance policy includes a no claim bonus for each year without a claim.
• Special discounts will be supplied with the policy to lower the insurance policy premium.
• You can file repeated claims for your damages with your car insurance company until the IDV is depleted.

Cholamandalam Standalone Car Insurance Policy Review

The Cholamandalam standalone car insurance is an ideal choice if you are looking for additional cover. You can buy this policy on top of your third-party insurance and make sure to safeguard your own interest in a challenging situation. You can buy the Cholamandalam car insurance policy online with minimum effort. 

The company deals with claims with promptness and resolves any issues raised by the policyholders. It also offers 24/7 customer service for policyholders. Annual policy renewals are also made easy with the option of completing the process online. You can also use the android Cholamandalam app so manage your policy and gather important information regarding the same.