What Is The Insurance Coverage? Optional Coverages

Insurance coverage also called guarantees, and benefits are defined and specified in contract policies’ particular and general conditions. With the coverage, the insured is protected, up to the agreed economic limit, from the consequences arising from a claim.

In any insurance, the coverage or guarantees are the most important thing that you should consider when you are going to hire one. Take a good look at the risk you run and the best coverages you choose so that the compensation covers the damages caused. If the type of insurance is complex, you must have the advice of a professional because they will inform and guide you at all times.


By law, the main coverage that car insurance has is Obligatory Civil Liability, which guarantees to cover physical and material damage that the vehicle may cause to a third party. The three common car insurances are third party, extended third party, and comprehensive insurance. From there, the insured can add the coverage they need. Next, I will detail what coverage is in each type of insurance.

Third-party insurance

  • Third-party liabilities can be up to Rs 7.5 lakh in case of property damage.
  • Legal defence and claim for damages.
  • Personal Accident Cover
  • Driver accidents with medical assistance.
  • Human Disasters
  • Property Damage
  • Driver accidents with medical assistance.
  • Travel Assistance

Comprehensive insurance

These include the coverage mentioned in Third Party and Extended Third Party Insurance. But in addition, coverage of own damages caused by the same driver when there is no opposite or due to bad weather is added.

Optional car insurance coverages

  • Extended legal defence
  • Jewellery and valuables coverage
  • Expanded water damage
  • Pet Civil Liability
  • Appliance repair
  • DIY and plumbing services
  • Garden coverage
  • Theft at home
  • Robbery on the street

Check here for tips on choosing the right car insurance.


Home insurance covers the perils to which a house is exposed.

  1. The damages suffered by the house
  2. The damages that were caused to third parties.

Thus, Civil Liability is essential to contract it whenever one wants to be calm and free from an accident that can have repercussions in having to bear large economic expenses.

Basic home insurance covers the most basic of damages you may have. These coverage – mostly very limited – are:

  • Fire
  • Flood
  • Theft (but not theft)
  • Glass breakage
  • Legal defence

The optional coverage of home insurance is:

  • Extended legal defense
  • Jewellery and valuables coverage
  • Expanded water damage
  • Pet Civil Liability
  • Appliance repair
  • DIY and plumbing services
  • Garden coverage
  • Theft at home
  • Robbery on the street

Check here for tips on choosing the right car insurance.


We could classify health insurance into three types:

  • The medical chart with no co-payment
  • The medical chart with a co-payment
  • The reimbursement of expenses

In all these variants, you have access to a list of professionals and health centers. These three modalities differ when you use medical services. In the medical chart without a co-payment, the insured does not pay for any services if they go to the center specified by the company. In the case of the medical chart with a co-payment, the insured pays some of the services required based on rates already established by the insurer. And in the medical chart with reimbursement of expenses, the insured can access the center or professional they want and is not on the pre-established list since the company will return most of the cost of the invoice.

The basic coverage of the medical chart is:

  • Unlimited access to centers and professionals listed by the insurance company.
  • Hospitalization
  • Nursing
  • Emergencies
  • Special treatments
  • Preventive medicine
  • Family planning

Some optional warranties are added to a basic medical chart.

  • Dental coverage
  • Plastic surgery
  • Health coverage against risky activities
  • Second medical opinion service
  • Homeopathy

Check here for tips on choosing the right car insurance.


Life insurance carries mandatory coverage when hiring; it is coverage for death. Thus, if the insured dies, the company will pay the compensation to the beneficiary. The main coverage of life insurance. 

But different options added:

  • Permanent physical disability due to accident or illness.
  • Permanent professional disability due to accident or illness.
  • Serious diseases such as myocardial infarction, cancer, kidney failure, transplantation of vital organs, stroke.
  • Double compensation capital in the event of an accident.

See here for tips on choosing the right life insurance.

Remember that in Life Gaurd, you will find more tips to choose your insurance. Check in the search engine or the sections of the web.

Souce: https://blog.lifegaurd.in/what-is-the-insurance-coverage-optional-coverages/

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