Indiana Car Insurance Policy

1. The car insurance policy is essential for the owners of the motor vehicle, individual or corporate parties as well as the financiers who might have an insurable interest in the vehicle. This car insurance policy protects the motor vehicle from loss or damage

• By fire, lightning, self-ignition, explosion, burglary, housebreaking or theft.

• Riot or strike.

• Flood, earthquake, cyclone or inundation.

• Transit by road, air, elevators or lifts.

• Liability for third party's injury or death, third party property and towards the paid driver too.

2.    The car insurance policy will cover own damage

• Amount spent on repairs/ replacement based on actual, sum insured and depreciation.
• Garaging and towing charges.
• Damage to tyres (where vehicle is also damaged)
• Market value or sum insured, whichever is less in case of total loss.

      3.    The car insurance policy will cover Act Liability

• Unlimited liability towards death or bodily injury towards third party.
• Unlimited liability towards death or bodily injury towards any person present inside the vehicle provided they are not employees of the insured nor are being carried for a fee or reward.
• Liability towards the paid driver as per the Workmen's Compensation Act.
• Costs and expenses incurred with the firm's written consent.
• In case of death of the insured/ any person entitled to indemnity or a liability incurred under the policy, his representative will be indemnified as in the case of the insured, if he observes the same conditions as the insured himself.

4. The car insurance policy will never pay any claims arising from

·         Consequential loss, depreciation, wears and tears, mechanical and electrical breakdown, failure or breakage.

• When vehicle is used outside the geographical area; when used contrary to limitation as to use driven by a person other than the driver stated in driver's clause.
• War or nuclear perils and drunken driving.