Coverage
Own Damage Cover
Own damage is the section of a motor policy that responds to covered loss of or damage to the insured vehicle itself, subject to policy terms, exclusions, deductibles and applicable limits.
Quick facts
- Layer
- Coverage
- Addresses
- Covered loss or damage to the insured vehicle
- Subject to
- Exclusions, deductibles, applicable limits
- Valuation basis
- Insured Declared Value, per the policy
What this cover generally is
This section responds to accidental loss of or damage to the insured vehicle arising from an insured peril listed in the policy wording. How a claim is settled depends on the policy terms, the applicable deductible and the Insured Declared Value.
Who generally considers it
This section is generally considered where the cost of repairing or replacing the vehicle would matter.
- Owners of newer vehicles where repair costs would be significant
- Owners who want protection against specified perils beyond liability
- Owners comparing an own-damage section against a full comprehensive / package structure
Scope
What this cover generally addresses
What it generally covers
- Covered accidental loss of or damage to the insured vehicle
- Insured perils as listed in the applicable policy wording
- Settlement calculated against the Insured Declared Value and applicable deductions
What it generally does not cover
- Third-party liability, which is a separate section
- Normal wear and tear, depreciation and mechanical or electrical breakdown
- Losses excluded by the applicable policy wording
- Use outside what the registration and the policy permit
Detail
Important terms
Deductible / excess
A policy may carry a compulsory deductible and, where chosen, a voluntary one. The deductible is the part of a claim the policyholder bears.
Depreciation
Depreciation is generally applied to replaced parts when a claim is settled. Some insurers offer an add-on that changes how this is treated, where it is selected and charged.
Insured Declared Value
The value assigned to the vehicle for the purposes of the policy. It is generally used as the basis of settlement in a total-loss or theft claim, subject to the policy terms.
FAQs
Own Damage questions
It is the part of a claim the policyholder bears. A policy may carry a compulsory deductible and, where chosen, a voluntary one. The amounts that apply are stated in the policy.
Depreciation is generally applied to replaced parts when an own-damage claim is settled, as set out in the policy wording. Some insurers offer an add-on that changes how depreciation is applied, where it has been selected and charged.
General Information
Reviewed content- General Information
- Everything explained on this website is general information about how motor insurance normally works in India. It is not advice about a specific policy, vehicle or claim. Official insurer policy wording and applicable law prevail.
- Last reviewed 2026-09-24 · version 1.0
- Decisions rest with the applicable insurer
- Acceptance, premium, the Insured Declared Value, conditions, exclusions, add-on availability and every claim decision are made by the applicable insurer under its own underwriting rules, the policy wording and applicable law. CAREALL does not underwrite, issue, price or settle.
- Last reviewed 2026-09-24 · version 1.0
Official insurer policy wording and applicable law prevail.
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Disclaimer
Information on this website is provided for general guidance. Actual insurance coverage, exclusions, eligibility, premium, deductibles, add-ons, claims and policy conditions depend on the applicable insurer, product, vehicle, use, policy wording and applicable law.
Official insurer policy wording and applicable law prevail.