In a car, airbags are cushions that inflate in the event of a collision. A minimum of 6 airbags must be installed in a vehicle to protect the driver and passengers, according to new laws being implemented due to the thousands of lives that airbags have saved over the last few years.
Airbags shield the passenger from interior-related injuries, reducing the risk of accidents. To give the driver and passengers the ideal protection, airbags are now standard equipment on even the most economical vehicles operating on Indian roads.
A car has airbags installed in several locations, including the front airbags deployed near the steering wheel, the side airbags mounted on the backseat, and the knee airbags below the dashboard. Once inflated, airbags need to be replaced. Continue reading to find out about car insurance coverage for airbags.
Does A Car Insurance Policy cover Airbags?
As you know, two types of car insurance are available in India: third-party and comprehensive. Third-party insurance protects people or property from losses. Contrarily, a comprehensive insurance policy protects your vehicle from harm by third parties. It is essential to know what is covered in car insurance.
A comprehensive car policy will protect you from damages to your car brought on by theft or natural disasters like fire, flood, cyclones, and earthquakes. Most modern vehicles have 10 airbags to provide the driver and passengers with the highest level of protection.*
The price of replacing the airbags may be very high. Additionally, replacing the airbags can be a significant out-of-pocket expense for inexpensive car owners. So it is important to know that a third-party insurance policy does not cover airbags.
However, a typical comprehensive policy does cover airbags, albeit to a limited degree. This is because a comprehensive car policy does not cover the cost of the car’s normal wear and tear, also known as depreciation. As a result, you must add additional riders to your car insurance policy, such as zero depreciation, to receive airbag coverage. A car insurance calculator is a convenient tool you may utilise online to check the amount of coverage needed based on your requirements. Claims are subject to terms and conditions set forth under the car insurance policy. *
How Does Depreciation Affect Your Claim For Car Insurance?
Generally speaking, airbags are covered by comprehensive goblueshield17 car insurance. This is because of how quickly they depreciate. Conversely, depreciation refers to the vehicle’s value declining due to its parts deteriorating over time.
When you file a claim under a car insurance policy, the amount paid is always less than the vehicle’s market value because of the depreciation factor. The depreciation is higher for older cars. Depreciation is valued based on the age and components of the vehicle. Claims are subject to terms and conditions set forth under the car insurance policy.
The age of the vehicle will also affect the amount of depreciation. When this happens, a zero-depreciation add-on can save the day by providing comprehensive coverage without considering depreciation. *##
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.