Policy snapshot
A car insurance policy that covers only own damage, to be used along with a separate third-party policy.
What is Standalone Own-Damage Car Insurance?
This policy covers your car against accident, fire, theft and covered calamities but does not include third-party cover.
What can it cover?
- Accidental damage to the car
- Fire, explosion, self-ignition
- Theft or total loss
- Specific calamities and man-made events as per policy
Who should consider it?
- Owners who have an existing long-term third-party policy
- Drivers upgrading from only third-party to wider cover
Key features to understand
- Flexible upgrade path from basic cover
- Protects own vehicle value
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.
Frequently asked questions
No, third-party is mandatory separately.