Owning a car is a significant investment, and protecting it with the right insurance is essential. While a basic third-party policy is mandatory by law in India, it does not cover damage to your own vehicle. That’s where HDFC ERGO Own Damage Car Insurance comes in—providing robust protection against accidental damage, natural calamities, theft, and more.
With more than 15 years of experience writing
insurance-focused content and 10,000+ blogs in the domain, I’ve seen how
choosing the right own damage car insurance policy can make all the difference
when unexpected events occur. This blog will help you understand what HDFC ERGO
own damage car insurance covers, the benefits it offers, and how you can make
the most of it.
What Is
HDFC ERGO Own Damage Car Insurance?
HDFC ERGO Own Damage Car Insurance is a policy
designed to cover the cost of repair or
replacement of your vehicle if it gets damaged due to accidents,
natural calamities, theft, fire, or other unforeseen events. Unlike third-party
insurance, this policy focuses only on your vehicle’s damage and does not cover liabilities arising from
damage to others.
This is particularly useful if your vehicle is
already covered under third-party insurance but you want additional protection
for your own car.
Coverage
Under Own Damage Insurance
The HDFC ERGO Own Damage policy offers protection
in the following scenarios:
- Accidental Damage
If your car is damaged in an accident or collision, repair costs are covered up to the Insured Declared Value (IDV).
- Theft or Total Loss
If your car is stolen and not recovered, you receive compensation based on the agreed value (IDV) after the deductible.
- Natural Calamities
Covers damages caused by floods, earthquakes, cyclones, storms, landslides, or hailstorms.
- Fire and Explosion
Damage due to fire, explosion, or lightning is covered.
- Man-Made Disasters
Covers damage due to riots, strikes, vandalism, terrorism, or similar incidents.
- Transit Cover
If your car is damaged while being transported by rail, road, or air, repair costs are included.
Add-On
Covers to Enhance Protection
You can enhance your own damage cover with
valuable add-ons:
·
Zero
Depreciation Cover – Full claim without standard depreciation
deduction
·
Engine
Protection Cover – Covers damage to engine due to water ingress or oil
leakage
·
Roadside
Assistance – Assistance for towing, battery jumpstart, fuel delivery
·
Return to
Invoice – Compensation up to the original invoice value
·
Consumables
Cover – Covers cost of consumables used during repair
·
NCB
Protection Cover – Protects your No Claim Bonus even if you make a
claim
These add-ons reduce your financial burden in
the event of a claim.
Benefits
of HDFC ERGO Own Damage Car Insurance
1.
Financial Protection
No matter how minor or major the damage, the
policy helps you cover repair or replacement costs, saving you from significant
out-of-pocket expenses.
2.
Customizable Cover
You can tailor your policy with add-ons that match your life>
3. Wide
Network of Cashless Garages
HDFC ERGO partners with thousands of network
garages across India where you can avail cashless repairs.
4. Fast
Claim Settlement
With a strong claims process and digital
support, you can enjoy quick settlements.
5.
Secure Against All Risks
Covers various risks—natural and man-made—ensuring you drive with confidence.
How
Premium Is Calculated
Premium for own damage Car insurance is
influenced by:
·
Car make and model
·
Insured Declared Value (IDV)
·
Age of vehicle
·
City of registration
·
Claim history
·
Add-ons selected
·
Voluntary deductible options
Higher IDV and more add-ons may increase your
premium, while a good No Claim Bonus (NCB) can reduce it.
How to
Buy HDFC ERGO Own Damage Insurance Online
Buying online is simple and convenient:
1.
Visit HDFC ERGO’s official website
2.
Enter your car and personal details
3.
Select own damage cover
4.
Add optional benefits
5.
Compare premiums
6.
Make secure online payment
7.
Download your policy instantly
Online purchase saves time and often provides
better pricing.
Claim
Process Overview
Here’s how you file a claim:
Step 1:
Inform the Insurer
Report the incident to HDFC ERGO as soon as
possible.
Step 2:
Document Submission
Provide necessary documents such as:
·
Policy copy
·
RC book
·
Driving license
·
FIR (if applicable)
·
Photos of the damage
Step 3:
Vehicle Inspection
A surveyor inspects the car to verify damages.
Step 4:
Repair and Settlement
Choose cashless repair at a network garage or the reimbursement process if repaired outside the network.
Tips to
Maximize Your Insurance Benefits
·
Renew your policy on time to avoid lapse in coverage
·
Use network garages to avoid out-of-pocket
payments
·
Maintain a good claim-free record for higher NCB
·
Select only the add-ons you truly need
·
Keep all vehicle documents up-to-date
Who
Should Choose Own Damage Cover?
HDFC ERGO Own Damage Car Insurance is ideal
for:
- Owners of new vehicles
- Cars with high repair value
- Frequent city or highway riders
- Owners seeking maximum financial protection
Frequently Asked Questions
Q1. Is
own damage car insurance compulsory?
No, third-party insurance is mandatory. Own damage cover is optional but highly
recommended for full protection.
Q2. Can
I file a claim online?
Yes, HDFC ERGO supports online claim submission and tracking.
Q3. Will
my premium increase after a claim?
It may increase depending on the type of claim and insurer’s norms.
Q4. How
long does claim settlement take?
For cashless claims, settlement is usually faster — often within a few days
once documents are complete.
Q5. How
does squareinsurance assist car owners?
squareinsurance helps users
compare own damage policies, check premiums, choose add-ons, and complete the
purchase or renewal with expert guidance.
Conclusion
HDFC ERGO Own Damage Car Insurance offers you
peace of mind and financial security by protecting your vehicle against a wide
range of risks. With customizable options, strong support, and easy online
accessibility, it’s a smart choice for every car owner.
Important Note
You can also manage, buy, and renew your car
insurance through our user-friendly mobile application:
SquareInsurance POS – Apps on Google Play
Download now to simplify your insurance
journey and enjoy hassle-free support anytime, anywhere!
