Car insurance is important for every car owner. While third-party insurance is required by law, it does not cover damage to your own car. To protect your vehicle from accidents and other risks, you need an own damage cover. Future Generali Standalone Own Damage Car Insurance is designed for this exact purpose.

In this blog, we will explain what Future Generali Standalone Own Damage Car Insurance is, how it works, what it covers, what it does not cover, available add-ons, benefits, and who should buy it. The language is kept simple and clear so that it is easy to understand for everyone.

What Is Future Generali Standalone Own Damage Car Insurance?

Future Generali Standalone Own Damage Car Insurance is a policy that covers damage to your own car. It is offered by Future Generali India Insurance Company. This policy can be purchased separately if you already have a valid third-party car insurance policy.

The main purpose of this policy is to protect you from repair costs and financial losses related to your own vehicle. It does not cover third-party liabilities, which must be bought separately.

Why Is Standalone Own Damage Insurance Important?

Third-party insurance only covers damage or injury caused to others. It does not pay for repairs to your own car. Even a small accident can lead to high repair bills.

Future Generali Standalone Own Damage Car Insurance helps you handle these expenses by covering damages to your car caused by accidents, theft, fire, and natural events. It gives you financial support when you need it the most.

How Does Future Generali Standalone Own Damage Car Insurance Work?

The working of this policy is simple:

  1. You buy a standalone own damage policy along with a valid third-party insurance
  2. You pay the premium based on your car details and selected coverage
  3. In case of damage, you inform Future Generali
  4. The insurer checks the damage through inspection
  5. Repair costs are covered as per policy terms

This way, you do not have to worry about paying large repair bills on your own.

What Does Future Generali Standalone Own Damage Car Insurance Cover?

Let us look at the coverage in detail.

1. Damage Due to Accidents

If your car is damaged due to an accident, collision, or overturning, the repair costs are covered under the policy.

2. Theft or Burglary

If your car is stolen or damaged due to theft or burglary, the policy provides financial compensation based on the Insured Declared Value (IDV).

3. Fire and Explosion

Damage caused by fire, explosion, or self-ignition is covered. This also includes damage due to electrical short circuits.

4. Natural Disasters

The policy covers damage caused by natural events such as:

  • Floods
  • Earthquakes
  • Cyclones
  • Storms
  • Landslides

5. Man-Made Disasters

Damage caused by riots, strikes, vandalism, or malicious acts is also covered under the policy.

6. Transit Damage

If your car is damaged while being transported by road, rail, air, or water, the loss is covered as per policy terms.

What Is Not Covered Under the Policy?

It is equally important to understand the exclusions.

Future Generali Standalone Own Damage Car Insurance does not cover:

  • Normal wear and tear
  • Mechanical or electrical breakdown
  • Damage caused while driving without a valid license
  • Driving under the influence of alcohol or drugs
  • Damage caused due to war or nuclear risks
  • Tyre damage unless the car is damaged at the same time

Knowing these exclusions helps avoid confusion during claims.

Add-On Covers Available with the Policy

Add-ons are optional covers that provide extra protection. You can choose them by paying an additional premium.

Zero Depreciation Cover

This add-on ensures that depreciation is not deducted during claims, resulting in higher claim payouts.

Engine Protection Cover

Covers engine damage caused by waterlogging or oil leakage, which is not included in the standard policy.

Return to Invoice Cover

In case of total loss or theft, this add-on helps you get the original invoice value of your car.

Roadside Assistance

· Provides help during breakdowns, towing, battery issues, or flat tires.

· Selecting the right add-ons makes Future Generali Standalone Own Damage Car Insurance more useful.

How Is the Premium Calculated?

The premium of this policy depends on several factors:

  • Car model and age
  • Insured Declared Value (IDV)
  • Location of registration
  • Add-ons selected
  • Claim history

A good claim record can help you get a No Claim Bonus, which reduces the premium.

Who Should Buy Future Generali Standalone Own Damage Car Insurance?

This policy is suitable for:

  • Car owners with an active third-party insurance policy
  • Owners of new or high-value cars
  • People living in areas prone to floods or accidents
  • Those who want financial protection for their own vehicle

If you want flexible coverage focused only on your car, this policy is a good choice.

Benefits of Future Generali Standalone Own Damage Car Insurance

Here are some key benefits:

  • Financial protection against repair costs
  • Flexible add-on options
  • Simple and clear policy structure
  • Helps reduce out-of-pocket expenses
  • Suitable for both new and old cars

These benefits make the policy helpful for many car owners.

How to File a Claim Under the Policy?

The claim process is designed to be simple:

  1. Inform Future Generali immediately after the incident
  2. Share policy and vehicle details
  3. Submit required documents such as RC, driving license, and photos
  4. Get the car inspected
  5. Repair the car at a network garage or claim reimbursement

Following the correct steps helps in smooth claim settlement.

Things to Keep in Mind Before Buying the Policy

Before purchasing Future Generali Standalone Own Damage Car Insurance, consider the following:

  • Ensure your third-party policy is valid
  • Choose the correct IDV
  • Select add-ons based on your driving conditions
  • Read policy terms and exclusions carefully

Making the right choices ensures better coverage.

Conclusion

Future Generali Standalone Own Damage Car Insurance is a useful policy for car owners who want to protect their own vehicle from unexpected damage and high repair costs. It covers accidents, theft, fire, and natural disasters, giving you peace of mind while driving.

By understanding what the policy covers and how it works, you can make an informed decision. A good own damage policy is not just an extra expense, but an important step toward safe and stress-free car ownership.

Frequently Asked Questions (FAQs)

Q1. Is Future Generali Standalone Own Damage Car Insurance mandatory?

No, this policy is not mandatory by law. However, it is very important if you want protection for your own car, as third-party insurance does not cover damage to your vehicle.

Q2. Can I buy this policy without third-party insurance?

No, you must have a valid third-party car insurance policy to buy Future Generali Standalone Own Damage Car Insurance.

Q3. Does this policy cover damage caused by floods or accidents?

Yes, the policy covers damage caused by accidents, floods, earthquakes, and other natural or man-made disasters, as per policy terms.

Q4. How can squareinsurance help me with Future Generali Standalone Own Damage Car Insurance?

squareinsurance helps you understand Future Generali Standalone Own Damage Car Insurance clearly, compare it with other own damage policies, and choose the right coverage for your car. It also assists with policy purchase, renewal, and claim guidance, making the entire process simple and hassle-free.

Note

Choosing the right standalone own damage car insurance is important to protect your vehicle from unexpected expenses. Always check coverage details, exclusions, and add-ons before buying a policy to ensure it suits your needs.

To make car insurance management easier and more convenient, you can use our mobile application:
Square Insurance POS – Apps on Google Play
The app helps you explore car insurance plans, compare policies, manage renewals, and access important documents anytime from your mobile phone.