Cholamandalam MS Own Damage Car Insurance

The standalone own-damage car insurance policy provides a layer of protection to the insured car and policyholders against uncertainties of the road. Cholamandalam MS General Insurance offers standalone own-damage insurance which is not mandatory to hold but it is quite beneficial as it covers a wide variety of situations such as accident, theft, fire, explosion, burglary, man-made disasters like riots, vandalism, etc., and natural calamities like earthquakes, floods, landslides, etc. Owning this plan while driving provides a sense of security to policyholders at the time of crisis.

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

What Is Covered Under Cholamandalam MS Standalone Own-Damage Policy?

Cholamandalam MS standalone own-damage car insurance covers the given below aspects:

• Damage caused to the insured car due to an accident.
• Damage beyond repair or in cases of theft of the car.
• Damage incurred by your car due to fire or explosion.
• Damage or loss sustained by the car during transportation.
• Damage occurred due to a natural disaster or man-made calamity.

What Is Not Covered Under Cholamandalam MS Standalone Own-Damage Policy?

Cholamandalam MS standalone own-damage car insurance does not cover the following aspects:

• Depreciation value due to wear and tear of the car.
• Damages due to war, invasion, terror attacks, and so on.
• Breakdown of the car due to a mechanical or electrical fault.
• Theft or loss due to negligence like forgetting to lock the car
• Accidental damage that occurs outside the geographical location.

Cholamandalam MS’s standalone own-damage car insurance comes with the following benefits:

• Provides financial assistance in case of an accident or a mishap that damages the car.
• Several add-on covers are offered with the standalone own-damage car insurance.
• No Claim Bonus benefit for every claim-free year is provided with the insurance plan.
• Special discounts will be offered with the policy to reduce the insurance policy premium.
• You can make multiple car insurance claims for your damages until the IDV is exhausted.

How To Purchase Cholamandalam MS Standalone Own-Damage Policy?

Cholamandalam MS standalone own-damage car insurance can be bought by following the below steps:

Step 1: Visit the website InsuranceDekho and click on the ‘Car’ tab.

Step 2: Enter the registration number of your car. You can also enter other details like the car’s make, model and year of registration, etc. if you do not have the registration number.

Step 3: Fill up your personal details such as name, phone number, etc., and click on the ‘Submit and Get Quotes’ to move further.

Step 4: Various policy quotes for standalone own-damage car insurance plans offered by different insurance companies will be displayed on the screen. Select Cholamandalam MS Policy from those plans along with an add-on cover, if you like to buy them to extend your policy coverage.

Step 5: Make payment for the Cholamandalam MS standalone own-damage car insurance policy. Once the payment is completed, the car insurance policy document will be sent directly to your registered email ID.