Universal Sompo Own Damage Car Insurance
| CASHLESS GARAGES | 3,500 |
| CLAIMS SETTLED | 96% |
| COMPREHENSIVE CLAIMS | UNLIMITED |
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Universal Sompo Own Damage Car Insurance
Universal Sompo own damage car insurance plan offers coverage to the policyholder against damages caused to the insured vehicle due to any accident or mishap. This insurance plan provides the policyholder with the peace of mind as it gives them the much needed financial stability in the event of any accident or mishap. An own damage insurance plan offers protection to the insured in different scenarios like vandalism, car theft, fire, road accident, natural or man made calamity, etc.
Universal Sompo Standalone Own Damage Insurance Plan V/S Universal Sompo Third Party Insurance Plan V/S Universal Sompo Comprehensive Insurance Plan
Basis | Universal Sompo Standalone Own Damage Insurance Plan | Universal Sompo Third Party Insurance Plan | Universal Sompo Comprehensive Insurance Plan |
Coverage Offered | Under this insurance plan, the insured receives insurance coverage against own damage expenses including flood, theft, road accidents, etc. It is not mandatory to buy this cover. | Under this insurance plan, the insured receives insurance coverage against only third party liabilities including death, property damage, injuries, etc. It is not mandatory to buy at least this cover. | Under this insurance plan, the insured receives holistic insurance coverage against both own damages and third party liability under a single insurance plan. |
Add-On | A policyholder is given a wide variety of add-on covers to choose from. | A policyholder does not receive the option to include add-on covers. | Here also, various add-on options are presented before to choose from. |
Cost | It is expensive as compared to a third party insurance plan as it offers protection against own damages. | As only basic coverage is offered under this plan, it is quite affordable. | It is an expensive insurance plan as under a single plan protection against both own damage as well as third party liability is offered. |
What is Covered Under Universal Sompo Standalone Own Damage Insurance Policy?
Universal Sompo Standalone Own Damage Insurance Policy offers coverage for the below-mentioned aspects:
- Damage or loss to the insured car because of an accident.
- Vandalism or theft of the insured car.
- Damage or loss to the car because of an explosion or fire.
- Damage or loss to the car because of manmade or natural disaster.
What is Not Covered Under Universal Sompo Standalone Own Damage Insurance Policy?
Universal Sompo Standalone Own Damage Insurance Policy does not offer coverage for the below-mentioned aspects:
- Accidents happening outside geographical boundaries as stated in the policy document.
- Accidents happening because of illegal driving
- Depreciation of insured car
- Breakdown of the insured car because of electrical or mechanical failure.
Benefits of Universal Sompo Standalone Own Damage Policy
Some of the benefits of buying Universal Sompo Standalone Own Damage Policy are highlighted below:
- This insurance plan offers protection for own damage expenses incurred because of accidents, theft, mishap, etc.
- Various add-on covers are provided to opt from in order to extend the plan coverage.
- No claim bonus benefit is offered to the policyholder for each claim free year.
How to Buy Universal Sompo Standalone Own Damage Policy?
To buy Universal Sompo Standalone Own Damage Policy you can follow the below mentioned simple steps:
Step 1: Go to InsuranceDekho website and select ‘car tab’ from thereon.
Step 2: Next, enter your car’s registration number. If you don’t remember then instead enter the car's make, model and registration year to move ahead.
Step 3: Now, enter your personal details. Then, press the ‘Submit and Get Quotes’ option.
Step 4: Different insurance quotes as per the information entered by you will appear on the screen. Select Universal Sompo own damage insurance plan and if you want you can even include add-ons.
Step 5: Finally, make the payment and the documents would get sent to your email ID instantly.
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Universal Sompo Own Damage Car Insurance FAQs
Who is eligible to purchase Universal Sompo's own damage insurance plan?
Any person, who has bought a third party car insurance plan is eligible to purchase an own damage cover to protect their own car against any damages caused due to accident, theft, etc.
How does premium calculation take place for Universal Sompo Own Damage Insurance Plan?
The premium calculation for Universal Sompo Own Damage Insurance Plan takes place based on factors like vehicle type, car age, engine cc, geographical zone, etc.
Is it mandatory to buy an own damage insurance plan?
No, it is not mandatory to insure your car with an own damage insurance plan in order to legally drive your car on public roads.
What is Universal Sompo's own damage insurance plan?
Universal Sompo own damage car insurance plan offers protection to the policyholder against damage or losses caused to their own car because of any accident, theft, etc.
What are the types of car insurance plans offered by Universal Sompo?
Universal Sompo majorly offers three types of car insurance plans i.e. third party car insurance plan, comprehensive car insurance plan and standalone own damage car insurance plan.
Why to buy from InsuranceDekho?
- Instant policy # within 5 mins
- More than 45 Lac happy customers
- Claim Support available all 7 days of the week
Universal Sompo Car Insurance Contact Details
Universal Sompo Contact Details
1800-22-4030 / 1800-200-403024/7 Toll-Free