SBI General Stand-Alone Motor Own Damage Cover for Private Car

SBI General Stand-Alone Motor Own Damage Cover for Private Car is designed to protect the insured vehicle against eligible physical loss or damage. The official policy prospectus describes covered events such as accidental external damage, fire, explosion, lightning, specified natural calamities, burglary, theft, riots and malicious acts, subject to policy wording. The sum insured is generally based on the Insured Declared Value (IDV) set at policy inception. This policy does not replace mandatory third-party liability insurance, which must be maintained separately. Optional add-ons may be available for an additional premium, depending on the policy and vehicle.

This plan can suit private car owners who already maintain valid third-party liability insurance and want additional protection for their own vehicle. Before buying, check the IDV, compulsory deductible, depreciation applied to replaced parts, exclusions and claim requirements. Premium depends on the car model, age, location, IDV, claim history and selected add-ons. Mechanical breakdown, ordinary wear and tear, and damage arising under excluded circumstances are generally not covered. Confirm the current quotation and policy wording before purchase.