Acko Own Damage Car Insurance

Acko is one of the popular digital-based insurance companies in India which offers a wide range of insurance products. Acko’s Standalone Car Insurance provides coverage for damage that happens to your car in an unfortunate event like an accident, vandalism, theft, etc. As India is moving towards digitalisation, Acko is gaining more reliability and trust among customers for its consistent and quality-based services

What is Own Damage Car Insurance?

Own Damage policy, also known as Standalone Own Damage(SAOD) insurance policy provides financial support in case your car is damaged due to an unfortunate event. This insurance policy is not compulsory to have under the law but is strongly recommended as the mandatory third-party car insurance does not cover damages that happen to your vehicle.

Key features

These are the key features of Acko Own Damage insurance policy:

• Wider coverage: Protect your car from the risk of accidents, vandalism, natural disasters, theft, etc. by purchasing Ackos Standalone Own Damage insurance policy.
  
• Financial Backup: The police will continue their investigation but Acko will settle your Own Damage policy claim regardless of whose fault caused an accident.
  
• Variety of Add-ons: Enjoy the opportunity to customise your Acko Own damage policy by adding ‘add-ons’ and expanding the benefits and coverages to your policy.
  
• Save Money: Get the best prices on Acko insurance plans with maximum benefits and affordable prices.

How To Buy Acko Standalone Own Damage Car Policy?

When you are moving ahead to purchase car insurance, make sure you have the following important documents:

1. Your registered mobile number where you can receive OTP
2. A Government-issued photo identification document( Aadhar/PAN/Passport/Voter ID)
3. Registration Certificate of your car.
4. Your Driving Licence

Now, proceed with the following steps to buy your Acko Car Insurance:

Online Process

InsuranceDekho provides a simple and hassle-free process to compare and purchase car insurance policies. Follow the given steps to purchase own damage car insurance policy through InsuranceDekho:

Step 1: Visit InsuranceDekho’s Website

Please visit the official website of InsuranceDekho and go to the homepage for Car Insurance where a form will appear asking for basic information about your car.

Step 2: Enter your vehicle number e.g. JHXXBRXX23

Kindly fill out the forms with the correct details of your car such as vehicle number, make, model, variant, and age.

Step 3: Compare All Car Insurance Plans

Now you will see quotes for you from multiple insurers, to filter the search click on ‘Type’ and select ‘Own Damage’ to obtain all the own damage quotes. Compare them according to your requirements and if Acko seems the right fit, click on it and proceed.

Optional Step: Connect with An InsuranceDekho Advisor

If you need any assistance in the process or have queries related to any policy or process, select the “request a call back” option and you will be contacted by an InsuranceDekho advisor who will address all your concerns.

Step 5: Add add-ons

Moving ahead, you can now select add-ons to add to your policy. You will be shown all the available add-ons on the screen, you can add those which you think will benefit you. After selecting the add-ons continue to the payment.

Step 6: Make Payment

Complete the purchase by making the payment. You can pay online via debit card, credit card, UPI, or QR code.

Offline Process

If you wish to follow a traditional process of buying insurance offline, you can do so with InsuranceDekho by contacting our customer support at 7551196989, or by writing an email to support@insurancedekho.com. You will be asked about a convenient time when our relationship manager can visit you and help you with the process.

Purchase Acko Insurance Policy via Insurer’s Website

You can also purchase Acko Own Damage Car Insurance through Ackos online website or mobile application. Connect with Acko customer support for more information on the buying process.

Benefits of Buying Your Car Insurance from InsuranceDekho

Our customers are top priority and serving them effectively with the best solutions is our main goal. At InsuranceDekho, we serve our customers with quality-based services.

• Certified Broker: Since we are a certified broker by IRDAI and have been in the industry for more than eight years, we are a reliable and trustworthy brand in the insurance industry.
• Reputed Brand: Our association with the famous CarDekho Group which has been in the car and auto technology for more than 15 years speaks for our reputation.
• Comprehensive Offering: InsuranceDekho offers a wide range of insurances varying from car, health, life and term, travel, and so on.
• Quality Services: We answer you instantly as our relationship managers are there to help you 24*7 and we have insured over 50 lakh vehicles till now.
• Quick Assistance: We help you get all of your questions answered faster from the insurers.
• Dedicated Claim Support: One of the perks of buying insurance through us is that you get the help of our claim support team which helps you in filing your claim.

Documents required to buy Acko standalone damage car insurance

You need the following documents to purchase the Acko Standalone Own Damage policy:

• Government-issued photo identification document( Aadhar/PAN Card/Passport/Voter ID)
• Proof of Address (( Aadhar/PAN Card/Passport/Voter ID/Bank Statement)
• Driving Licence
• Registration certificate of your vehicle

You most likely won't be asked to submit all of these documents during policy purchase, but make sure you have these documents as they will be required during the claim settlement process.

How Does Standalone Own Damage Car Insurance Policy Work?

The Standalone Own Damage car insurance policy is different from the mandatory third-party car insurance as it covers damages that happened to your vehicle, which is opposite to the mandatory third-party which pays compensation you are obligated to pay when your car causes damage to a third party.

Acko Own Damage Car Insurance Claim Process

Claim is the service an insurer is obligated to pay as per the contract of the insurance policy in case your car is damaged. Follow the below-mentioned claim settlement process to file your claim:

How to File a Claim

In the claim settlement process, timely intimation is necessary to ensure smooth and quick claim approval. Follow the given steps to file a claim with Acko:

Step 1: Intimate your own damage claim

Go to the Acko website or mobile app and click on ‘File A Claim’. In case of any, You can also call on 1800 266 2256 (Toll-free) or write an email to hello@acko.com.

Step 2: Complete your survey

A survey will be conducted to assess the damages and find out an estimated cost of repair. This can be done at the accident site or at the garage in case of cashless garage repair.

Note that for minor damages like a cracked windscreen, a loose bumper, or a damaged side rear-view mirror, Acko provides instant claims without a survey.

Step 3: Car Repair

If you have chosen a cashless repair, your car will be picked up from your doorstep and delivered to the same after repair.

In case you want to approach a reimbursement claim process, you can get your car repaired at a garage of your choice and submit the invoice to Acko for reimbursement.

Documents Required for Claim

• A copy of the insurance policy certificate
  
• Driving Licence of driver
• Registration Certificate (RC) of the insured vehicle
• Proof of Identification of the policyholder
• First Information Report (FIR) if lodged
• Fire Brigade Report if lodged
• Original purchase invoice (if opted for Return to Invoice add-on cover)
• Any other document as requested by the insurer

Claim Assistance

InsuranceDekho has a claim assistance team that helps you in filing your claim with your insurer, our assistance ensures that you follow the proper process and do not miss out on any paperwork. We prepare your document checklist and ensure they are complete and authenticated. Our help acts as extra help which provides added confidence in the process of your claim settlement.

Acko's Standalone Own Damage Car Insurance Policy provides coverage for damages caused to your own vehicle. However, there are certain scenarios where your claim might get rejected. Given below are the inclusions and exclusions of Acko Standalone Car Insurance policy:

Covered

• Accidental Damages: If your car is involved in an accident, Acko own damage policy will cover the damages caused to your car.
  
• Fire and Explosions: Acko will cover the damages to your car caused due to fire or explosions.
  
• Natural Disasters: Damages that happen due to earthquakes, cyclones, flooding, etc will be covered under the policy.
  
• Man-Made Calamities: If your car is damaged in riots or due to vandalism, Acko will cover any damages sustained by your car.
  
• Vehicle Theft: In case your car is stolen, your Acko policy will cover the loss.
  
• Total Loss: If your car is damaged beyond repair, the Own Damage Insurance Plan will provide appropriate compensation to you.

Not Covered

• Third-party Liabilities: Any damage caused to a third party by your vehicle will not be covered by your own damage policy.
  
• Driving Without a Licence: If you are proven to be driving without a valid Driving Licence when the damage took place, your claim will not be approved.
  
• Drunk Driving: Damages incurred while you were driving under the influence of alcohol or drugs will not be covered.
  
• Consequential Damages: If the vehicle sustains subsequent damages or losses caused by events such as accidents, fire, etc, then Acko will not provide a claim. For example, if there is a fire in a building or the building falls due to an earthquake, and due to it your car gets damaged then no coverage will be given.
  
• Electrical/Mechanical Breakdown: The Acko Own Damage plan does not include damages caused due to electrical or mechanical breakdowns in your car.
  
• Wear and Tear: Acko does not cover normal wear and tear as well as depreciation of parts. You can purchase a plan that safeguards you against depreciation values.
  
• Other Use: If you are using your car for other purposes than the one mentioned in policy documents, then your claim will be rejected. For example, if you are using your personal car for commercial purposes, then your claim will be rejected.
  
• Beyond Policy’s Terms: If any damage is caused that is not mentioned in the policy documents, then you most likely will not get a claim.

Factors that Affect Your Own Damage Car Insurance Premium

The premium is the amount you pay to get the insurance policy. Below mentioned is the list of factors that influence the premium of an Own Damage policy:

• Age of Car: Old Cars have lower premiums as their repair cost and spare parts are much less costly as compared to the latest cars with the latest technology and features.
  
• No Claim Bonus (NCB): If you did not take any claim during your policy period, you will get a No Claim Bonus on renewal of your policy. This bonus promotes safe driving and rewards the policyholder for the same. Longer durations without claim can get you an NCB of up to 50% off on your premium.
  
• Add-ons: There are certain add-ons available that you can add to customise your own damage policy. Premium increases with every added add-on.
  
• Make, Model, Variant: One of the key factors that influence your premium is the make, model, and variety of your vehicle. Premium high-end cars have much higher premiums than a budget-friendly cars.
  
• IDV ( Insured Declared Value): The IDV is the estimated current market price of your car. This value is determined by the insurer and insured before the insurance starts. A higher IDV will have a higher premium and similarly lower IDV will cost less.
  
• Engine Capacity: Since a car with higher power is more prone to damage as compared to less powerful cars, the premium for higher engine capacity ( cc) is more than those that have less engine capacity.