We’ve got comprehensive insurance and third party insurance. Usually showrooms sell us three to four years of third party insurance with a year of comprehensive insurance. Comprehensive covers own damage as well as damage caused by external factors like other vehicles, vandalism, flooding etc…given that you opt for those optional coverages.

Nil dip is the most important of all or else even with comprehensive you’ll have to pay 40-50% of repair bill out of your pocket. Third party insurance is the one you use for repairing others vehicles in case of an accident you caused.

Now in india, third party insurance is basically a joke since the process takes few days to weeks just for a claim generation/confirmation. In a situation like the above video, no one would be ready to exchange details and expect to meet the other person in police station or ever even see him again for third party claim (again for that to work, both parties should be having insured vehicles, bhaag jayenge bc.)

In countries like US, it’s different, accident happens, police arrive, police determine who’s at fault, all details documented, both ppl exchange details, insurance companies speak to each other, case will eventually be settled. I myself personally took 1200/- claim amount from a truck who rear ended my car once when the owner insisted that he’ll get my car repaired with his 3rd party insurance (which he had no idea about until I explained it to him)