The features and the benefits of the temporary car insurance is same as that of general car insurance, except in the case of duration. Temporary car insurance is new in India, but it is quite popular in developed countries like USA and UK. Any individuals can purchase the temporary car insurance for the duration of one to 28 days. It is necessary to get permission from car owner in order to purchase temporary car insurance.
People who are having luxury or vintage car as their second car, can purchase this short-term insurance, when they are using the car for a short time. Temporary car insurance is also suitable for the individuals who are learning to drive. It is always advisable for them to have temporary car insurance as the chances of them, meeting accidents is quite high.
For any individual who just purchased a new car and confused about which policy to purchase, temporary car insurance is a good thing to opt, till they got a clear idea. If a driver is young and is using his/her friend or some other person’s car for a while, they can purchase this kind of policies.
The temporary car insurance usually covers any legal liability for third party damages, (It includes physical injury or death of another individual). Some polices offers cover for dent, scratches, alloy wheels and misfuelling. Personal accident cover is also a part of most policies. Any damages to the car caused by theft, vandalism, fire or natural calamities will also be covered in most of the policies.
Different types of Temporary car insurance are there and the policyholder can opt, what is best for them. Some of them are given below
Non-owner’s insurance
As the name suggests, this policy is exclusively for those individuals who don’t own a car. While these individuals borrow a car from their friends or relatives, they can purchase this insurance so they do not fear of the damages that may happen, because of accidents.
Rental Car Insurance.
This policy is also for those who don’t own a car. In this type of insurance, the rental companies offer insurance for damages like personal accident, liability, loss-damage waiver.
GAP insurance.
GAP insurance is also known as guaranteed auto protection. GAP insurance covers the difference between the depreciated value of the vehicle and what an individual owes on the auto loan in the case the repairing cost of a car is worth more than the worth of the car.
