Car Insurance

• Wear and tear, mechanical or electrical breakdown, failure or breakage
• Damage by a person driving with invalid driving license or under the influence of alcohol/drugs
• Depreciation, any consequential loss
• Claims arising out of contractual liability
• Loss/damage due to war, civil war, mutiny, nuclear perils, etc.
• Damage to tyres and tubes unless the vehicle is damaged during an accident
• Use of vehicle otherwise than in accordance with the ‘limitations as to use’ (e.g., private car being used as a taxi)
• Loss/damage outside India

a) Depreciation Cover

It covers Depreciation amount deducted on the value of parts replaced as a result of admissible claim under Own Damage Section of policy.

Conditions

Insured vehicle should be repaired at any of Company’s authorized Garage.

Exclusions

It does not cover the claims in which vehicle is not repaired at any of the Company’s authorized Garage.

b) Consumables Cover

It covers expenses incurred towards “those items or substances of specific use which at the time of loss are either totally consumed or rendered unfit for further consumption” arising out of damage to the vehicle insured and/or to its accessories.

Consumables shall mean those items or substances which have specific use and when applied to their respective uses are deemed to be consumed completely and/or are deemed to be unfit for future use. These items include grease, lubricants clip, air conditioner’s gas, bearings, engine oil, oil filter, break oil, nut and bolt, screw, washers and the like.

Special conditions applicable:

• For any claim to become payable under this add-on, it should be admissible under “Own Damage Section” of the Policy
• All such costs to be supported with proper bills/invoices only from Garages authorized by the company
• Such repairs to be undertaken within three (3) days of the date of loss

Exclusions

• Expenses under this add on in an event of a Total/Constructive Total Loss
• Labour Cost plus Service Tax in respect to such consumables
• Repairs/Labour bills from Local Garages against insured items.

c) Gap Value Cover

Company agrees to pay the “difference amount” between the amount received under Own Damage Section i.e. Insured Declared less deductibles under the policy AND price as per purchase invoice OR the current replacement value of vehicle if the same make model is available, whichever is less in the event of a Total Theft or Total Loss/Constructive Total Loss of the vehicle.

It also covers the Road Tax and first time registration charges if specifically declared and additional premium is paid.

Maximum liability to the company is limited to the sum insured mentioned in the policy schedule.

Special Conditions applicable to this benefit

• The vehicle is not more than 3 years old on the date of commencement of the policy period
• The Total Loss/Constructive Total Loss (CTL) or Total Theft of the vehicle should be admissible under the Own Damage Section of the policy
• Insured should be the first registered owner of the vehicle
• Vehicle insured should be indigenous

Exclusions

• It covers only First registered owner vehicles
• It does not cover imported vehicles

d) Roadside Assistance Cover

In case of breakdown of the insured vehicle, LGI will provide roadside assistance through the authorized vendor unlike cheap car insurance in India which doesn’t cover the same.

• Vehicle relocation to the nearest garage in case of Major Breakdown
• Repair services for Minor Breakdown
• Assistance in case of Lockout/Lost Keys
• Changing of Flat tyre
• Arrangement of emergency fuel in case the vehicle runs out of fuel
• Alternative transport assistance to the nearest safe location for the passengers of the vehicle

Special conditions

All additional expenses regarding replacement of a part, additional Fuel and any other service which does not form a part of the standard services mentioned above would be on chargeable basis to the insured.

Exclusions

• Roadside Assistance other than authorized vendor
• It does not cover the expenses towards replacement of any parts and fuel cost

e) Passenger Assistance Cover

It is a comprehensive cover to secure the passengers travelling in the insured vehicle. The cover includes-

• Hospital Allowance
• Medical Expenses
• Medical Transport Assistance

Special Conditions applicable to Medical Expenses Coverage

The Company stands to cover medical expenses for treatment taken from only registered medical practitioners under respective medical councils.

f) Key Loss Cover

In consideration of extra premium paid by the insured as mentioned in the policy schedule it is hereby understood and agreed subject to the terms, conditions, exclusions and limitations that the Company will reimburse insured towards-

• The cost of replacing vehicle keys in case of irrecoverable occurrences of lost or broken or damaged keys
• The cost of replacing locks and keys in case of theft of keys and/or if the vehicle is broken into along with damage to the locks/keys of the insured vehicle resulting in security threat to the vehicle.

Special Condition

Insured s required to provide police report confirming the incident details occurring during the mentioned Policy Period.

g) Engine Safe Cover

Company undertakes to provide cover to the engine of the insured vehicle including its block and child parts along with the gear box, transmission or differential assembly provided the loss or damage is due to-

• a) Ingression of water in the engine or
• b) Leakage of lubricating oil from the engine/assembly arising out of accidental damage

Special Conditions

• Water ingression cover will commence only when there is an evidence of vehicle being submerged or having stopped in a water logged area
• Vehicle is taken to the garage within 24 hours of water receding from the water logged area and the intimation to the Company be given not later than three days from the receding of water
• Insured shall take reasonable care to avoid further damage to engine/gear box post water ingression or leakage of lubricating oil. Insured should not try to crank or push start the engine post undercarriage damage or post insured vehicle stopping due to water ingression

Special Exclusions

• Loss or damage covered under manufacturer’s warranty or part of manufacturer’s recall
• Loss or damage to the engine and/or gear box due to delay in intimation to the insurer or delay in retrieval of insured vehicle from water clogged area