We buy car insurance policies for our safety and to retain peace of mind wherever we go. Also, we carry some personal things with us, call it personal belongings. Bad instances may sometimes result in loss of personal belongings from your car. Personal belongings such as phones, electronic gadgets, and more. They can be stolen or damaged from you if not pay proper attention. Therefore, you should opt for personal belongings as an add-on cover with motor insurance. This is called the ‘loss of personal belongings’ in car insurance. It is important to ask your insurer whether they cover theft of items in the car. If you only buy third party insurance then damage to your personal belongings would not be covered. Therefore, you have given this option of add-on so that you can cover little things when in risk. And, for this, you just have to pay a little extra premium. Even if you have the comprehensive coverage you should buy a personal belongings cover. Let’s see how personal belongings cover works for your safety.
What is a personal belongings add-on cover?
Personal belongings is an add-on cover you can avail with car insurance by paying extra premium. The losses arising due to loss or theft to your personal belongings would be covered by the insurance company as per the terms and condition of the policy. It covers the loss of personal belongings including the car accessories, laptop, or electronic equipment from the locked car. Some insurers may offer the policy as a bundle and adopt a mix and match approach. Some might not offer as an add-on. Therefore, it is important to get things clear before you buy a car insurance policy. As it has a lengthy list of exclusions. The details are mentioned in the policy wording and in case of any doubt get straight to customer support for the solution. Some insurers may offer the policy as a bundle and adopt a mix and match approach. Some might not offer as an add-on. Therefore, it is important to get things clear before you buy a car insurance policy. As it has a lengthy list of exclusions. The details are mentioned in the policy the details will be mentioned in the respective policy’s Policy Wordings. If you have any doubts whatsoever, get them resolved from the insurer’s customer support team before purchasing the add-on.
Know the exclusions of personal belongings cover –
Every policy type has some exclusions and the same criteria follows with personal belongings cover also. Therefore, when you buy this cover don’t forget to read everything carefully specially exclusions. As these are the situations where insurance companies will not cover you. Though, different insurers may have different parameters in exclusions. Here you see some common exclusions in personal belongings cover.
- You are not liable to be covered if you inform your company after 2 or 3 days.
- If any loss is caused due to your negligence then you are not covered by the insurance company.
- In case, your car doors or windows are not locked then also you are not liable to be covered.
- If the loss of personal belongings is not personal but in relations to business and trade.
- If there’s any loss of data stored in an electrical device.
- Unavailability of important documentation can lead to no coverage from the insurer.
Follow the below claim process for personal belongings cover –
- To get the claim hassle-free you should inform your insurer in the first place within 24 hours. Delaying the intimation process can put you in more trouble.
- Must submit urgent documents like name of the policyholder, contact details of the policyholder, car insurance policy copy.
- Tell the correct time and location where the incident took place so that it can register genuinely.
- File the FIR-First Information Report to the nearest police station as it is important for the written proof of the incident.
Final Words, well now your confusion must have fuse as you got all the possible information regarding personal belongings cover in reference to the car insurance. Therefore, always remember to have complete information about the insurance cover you are using. In case of any confusion feel free to ask your insurer without any hesitation.
