Who this cover is for
Private car owners, two-wheeler riders, EV drivers, and enterprise commercial vehicle operators.
Coverage scope
Policy scope is governed by insurer terms, endorsements, and policy schedules. Common provisions include:
Third-Party Liability (Statutory)
Mandatory coverage against bodily injury, accidental death, or third-party property damage caused by the insured vehicle.
Own Damage (OD) Cover
Financial protection against accidental collision, fire, theft, natural calamities, and vandalism.
Zero Depreciation Add-on
Settles claims without deducting statutory depreciation on plastic, rubber, glass, and metal replacement parts.
Engine Protection & Roadside Assistance
Shields against hydrostatic lock water ingress in monsoons, battery jump-starts, and towing assistance.
Key limitations and exclusions
Every insurance contract outlines specific conditions, waiting periods, and deductibles to review before policy inception:
Wear & Tear and Depreciation
Gradual mechanical deterioration, tyre wear, and consumable fluids are excluded unless specific riders apply.
Consequential Damages
Driving vehicle after water ingress or oil leak voids engine coverage under standard policies.
Commercial Use on Private Policy
Using personal registered vehicles for paid commercial transit invalidates policy coverage.
How Sanghvi Consultancy assists you
With 45+ years of insurance experience in Navrangpura, Ahmedabad, Sanghvi Consultancy provides personal policy guidance:
- We compute optimal Insured Declared Value (IDV) to avoid claim undervaluation.
- Assist with No Claim Bonus (NCB) retention and transfer from previous insurers.
- Surveyor coordination and garage documentation support during accident repairs.
Frequently asked questions
What is Insured Declared Value (IDV)?
IDV is the current market value of your vehicle fixed by the insurer based on manufacturer price minus age-based depreciation. It represents the maximum sum payable in case of total loss or theft.
How does No Claim Bonus (NCB) transfer work?
NCB belongs to the vehicle owner, not the vehicle. When selling an old car and buying a new one, you can transfer your accrued NCB discount (up to 50%) to the new policy.
Discuss your policy with an advisor.
Get clear answers on policy terms, insurer waiting periods, and claim support without aggressive sales calls.