An Overview of Standalone Own Damage Car Insurance

What Is Standalone Own Damage Car Insurance?

Standalone Own Damage (OD) Car Insurance is a policy designed to cover the damage to your own vehicle—whether caused by accidents, theft, fire, natural or man-made calamities—without bundling in the third-party liability component.Typically, OD insurance:

• Protects against a wide range of perils: theft, fire, floods, earthquakes, riots, transit-related damage, vandalism, and more.
• Cannot be purchased alone—it must be added to a valid third-party insurance policy, as mandated by Indian law.

This flexibility allows you to customize your coverage based on your needs, without paying for extra features you don’t require.

OD vs. Comprehensive Insurance: What Sets Them Apart?

Though similar in feature, Comprehensive Car Insurance and Standalone OD differ in structure and cost:

• Comprehensive Insurance bundles both third-party liability and own-damage coverage in one package
• Standalone OD deals only with damage to your vehicle. It’s often more economical, particularly if you want a tailored plan independent of a full bundle

If you already hold third-party cover but want protection for your own car, opting for a standalone OD plan lets you expand coverage flexibly and often at lower premium costs.

Why Own Damage Car Insurance Matters

Protects Your Precious Asset

Your car is more than transportation—it’s an investment you count on every day. Whether damaged in an accident, theft, or disaster, OD insurance provides vital financial backup.

Customizable Add-ons

Unlike rigid packages, standalone OD allows add-ons like zero depreciation, engine protection, roadside assistance, NCB protection, and more.

For example, zero depreciation ensures claim payouts without deductions for wear and tear—a critical benefit if you’ve heard pain points like “25% lesser payment due to depreciation”

Cost-Effective Flexibility

You choose exactly what you need. Want only OD coverage plus specific add-ons? You can—and often for a quicker, cheaper route than comprehensive plans

How Premiums Are Calculated?

Understanding how OD premiums are determined helps you make empowered choices:

• Insured Declared Value (IDV): Reflects your car’s current market value. Higher IDV = higher premium; as you drive more, IDV drops, reducing premium.
• Vehicle factors: Make, model, age, engine size, and variant influence premium rates
• Location: Urban areas or high-traffic zones often attract slightly higher premiums due to increased risk
• Add-ons: More coverage = more cost—but also more protection
• No Claim Bonus (NCB): Reward for claim-free years that significantly lowers future premiums.

Tools like online calculators from Jio Insurance Broking simplify this. Enter your car’s make, model, year, fuel type, registration city, and select standalone OD to get instant premium projections and compare plans—all in minutes.

Claiming — What to Do When Disaster Strikes

When your car suffers damage, here’s how to make the claim process smooth:

1. Notify your insurer immediately—prompt reporting kickstarts the claim
2. Inform the police and register an FIR, when required (such as in theft or major accidents).
3. Submit documentation—claim form, registration certificate, driving license, FIR, repair bills, accident photos, etc.
4. Inspection—the insurer assigns a surveyor to assess damage before claim approval.
5. Add-ons come in handy—if you’ve selected zero depreciation or an engine protection rider, those help maximize claim benefits

With Jio Insurance Broking, the claim journey is simplified with expert assistance and digital tools, making the process efficient and less daunting.

Why Choose Jio Insurance Broking for Your OD Cover?

• Seamless Online Experience: Compare, buy, and renew policies with ease. Jio’s platform saves you up to 80%* on premiums, with tools that guide you toward the best fit.
• Expert Support: Benefit from pre- and post-purchase guidance tailored to your needs—ideal if you’re navigating add-ons or claim details.
• Customizable Plans: Whether you want just OD or a comprehensive bundle, Jio offers flexible options across top insurers.
• Trust and Ease: Digital convenience, trust in a recognized brand, and fast claim processing—plus insights on add-ons that protect without overstretching your budget.

Standalone Own Damage Car Insurance equips you with vital protection tailored to your vehicle’s safety—covering theft, accidents, natural or man-made damages, and more. With smart customization, affordability, and the support of Jio Insurance Broking, you can drive with confidence, knowing even the unexpected has backup.

Remember, while third-party insurance is mandatory, safeguarding your own vehicle is just as important. Choose wisely. Choose flexibility. Choose peace of mind—with Car Insurance Own Damage from Jio Insurance Broking.