Car insurance is an important part of owning and driving a vehicle. While third-party insurance is mandatory by law, many car owners also want protection for their own vehicle. A standalone own damage car insurance policy is designed to cover damages to your car without including third-party liability, as that must already be covered under a separate third-party policy. Future Generali Standalone Own Damage Car Insurance is meant for car owners who already have a valid third-party cover and want extra protection for their own vehicle.

This article explains the eligibility, benefits, and key details of this policy in simple and easy words.

What is Standalone Own Damage Car Insurance?

Standalone own damage car insurance covers the cost of repairing or replacing your car if it gets damaged due to an accident, natural disaster, fire, theft, or certain man-made incidents. It focuses only on your vehicle and does not include third-party liability. Because of this, you must have an active third-party car insurance policy alongside it.

This type of policy gives flexibility to car owners who want to manage their own damage cover separately while maintaining mandatory third-party coverage.

Eligibility for the Policy

Not every vehicle may be eligible for standalone own damage insurance. Some basic eligibility points usually include:

· The car must already have a valid third-party insurance policy.

· The vehicle should meet age limits set by the insurer.

· Required documents and vehicle details must be provided correctly.

· The car should be in acceptable condition at the time of purchase or renewal.

If there has been a break in coverage, an inspection of the vehicle may be required before issuing the policy.

Key Benefits

Protection for Your Own Car

The main benefit of this policy is that it covers damages to your own vehicle caused by accidents, theft, fire, natural calamities, and certain external events.

Flexibility

You can keep your third-party policy separate and choose an own damage plan based on your needs. This flexibility allows you to manage coverage and renewal options more easily.

Financial Security

Repairing or replacing a damaged car can be expensive. This policy helps reduce the financial burden by covering repair costs as per policy terms.

Add-On Options

Optional add-ons may be available to enhance protection. Depending on the plan and eligibility, these can include zero depreciation, roadside assistance, or engine protection.

Personal Accident Cover

If not already included in your third-party policy, personal accident cover for the owner-driver may be available as an additional option.

Peace of Mind

Knowing that your car is protected against unexpected events can make driving less stressful and more comfortable.

What is covered?

A standalone own damage car insurance policy generally covers:

· Damage to your car due to road accidents

· Theft of the vehicle

· Fire, explosion, or self-ignition

· Natural disasters such as floods, storms, earthquakes, or landslides

· Man-made incidents like vandalism or riots (as per policy terms)

The policy helps pay for repair or replacement costs based on the insured declared value (IDV) and policy conditions.

What Is Not Covered?

There are certain exclusions you should be aware of:

· Normal wear and tear of the vehicle

· Mechanical or electrical breakdown not caused by an accident

· Driving without a valid license

· Driving under the influence of alcohol or drugs

· Damage outside the coverage area

· Using the car for commercial purposes if it is insured for private use

· Consequential losses or depreciation unless covered by add-ons

Understanding these exclusions helps avoid confusion during claims.

Policy Details to Know

Insured Declared Value (IDV)

IDV is the current market value of your car. It plays an important role in deciding both the premium and the claim amount in case of total loss or theft.

Deductibles

A deductible is the amount you agree to pay from your side during a claim. Choosing a voluntary deductible may reduce the premium.

Add-Ons

You may have the option to add extra covers to enhance the policy. These can increase protection but may also increase the premium.

Policy Duration

Standalone own damage policies are usually issued for one year and need to be renewed on time to maintain continuous coverage.

Premium Factors

The premium for a standalone own damage policy depends on several factors, including:

· Make and model of the car

· Age of the vehicle

· IDV chosen

· Location of registration

· Add-ons selected

· Claim history and no claim bonus

A higher IDV and more add-ons may increase the premium, while a good claim history can help reduce it.

How to Buy the Policy

Buying a standalone own damage policy is usually a simple process:

1. Ensure you already have an active third-party insurance policy.

2. Keep your vehicle details and documents ready.

3. Choose coverage and any add-ons you need.

4. Review policy details carefully.

5. Make payment and receive the policy document.

Always check that the policy information is accurate after purchase.

Renewal and Claims

Renew the policy before the expiry date to avoid a break in coverage. During renewal, you can update details or change add-ons if needed.

In case of damage or theft, inform the insurer promptly and follow the claim process by submitting required documents. Quick reporting helps ensure smoother claim handling.

Conclusion

Future Generali Standalone Own Damage Car Insurance is a useful option for car owners who already have third party insurance and want protection for their own vehicle. It helps manage repair costs and provides financial support in case of accidents, theft, or natural disasters.

Before choosing the policy, it is important to understand its eligibility, coverage, exclusions, and premium factors. A clear understanding helps you select the right protection for your car and drive with confidence.

Frequently Asked Questions (FAQs)

Q1. What is Future Generali Standalone Own Damage Car Insurance?
It is a policy that covers damage to your own car due to accidents, theft, fire, natural disasters, and certain external events. It does not include third-party liability, so you must already have a valid third-party insurance policy.

Q2. Who can buy a standalone own damage policy?
Car owners who already have an active third-party car insurance policy can buy this cover to protect their own vehicle from damage or loss.

Q3. What does this policy cover?
It generally covers accident damage, theft, fire, natural calamities like floods or earthquakes, and certain man-made incidents such as vandalism, as per policy terms.

Q4. Is third-party insurance required with this policy?
Yes, you must have a valid third-party car insurance policy along with a standalone own damage policy. Both together provide complete coverage.

Q5. What is not covered under this policy?
Common exclusions include normal wear and tear, mechanical breakdown, driving without a valid license, driving under the influence of alcohol or drugs, and damage outside the coverage area.

Q6. How is the premium calculated?
The premium depends on factors such as the car’s make and model, age, insured declared value (IDV), location, add-ons selected, and claim history.

Q7. Can I get help with buying or renewing through Square Insurance?
Yes, you can get general guidance and support for purchasing or renewing a standalone own damage policy through squareinsurance, where assistance may be available to help you understand coverage and documentation.

Note

For convenient access to insurance-related information and basic policy support, you can also check the mobile app “Square Insurance POS – Apps on Google” for updates and policy management details.