Collision Damage or Own Damage (OD) Cover

Car insurance Genral

Collision Damage or Own Damage (OD) cover is a type of car insurance coverage that protects the insured vehicle against damage caused by collision, overturning, or impact with another vehicle, object, or person. This coverage is usually optional and can be added to a basic car insurance policy.

With Collision Damage or OD cover, the insured vehicle is protected against various types of damage, including:

1. Accidents: Coverage is provided for repair costs if the insured vehicle is damaged in an accident, regardless of fault.
2. Collisions with objects: It covers damage caused by the insured vehicle colliding with objects such as walls, fences, trees, or lampposts.
3. Overturning: If the insured vehicle flips or overturns in an accident, necessary repairs or replacement will be covered.
4. Single-car accidents: This coverage applies to accidents caused by the insured driver’s negligence or loss of control over the vehicle.
5. Vandalism: Damage caused to the insured vehicle by mischief, intentional acts, or vandalism is covered.
6. Theft: If the insured vehicle is stolen and not recovered, the policy may reimburse the vehicle’s value.

It is important to note that Collision Damage or OD cover typically comes with a deductible, which is the amount the insured has to pay out of pocket before the insurance coverage kicks in. The deductible helps to reduce the insurer’s risk exposure and keep premiums more affordable.

The cost of adding Collision Damage or OD cover to a car insurance policy depends on various factors such as the value of the insured vehicle, its age, make and model, the insured driver’s history, and the location where the car is primarily used.

Having Collision Damage or OD cover can provide peace of mind and financial protection against significant repair or replacement costs in case of damage to the insured vehicle. However, it is important to review the terms and conditions of the policy and understand any limitations or exclusions that may apply.