ODP or Own Damage Premium (ODP) is the premium that you pay for insurance cover on your car. ODP insures your car against any loss caused by events outside your control, such as earthquake, fire, tsunami etc. With Own Damage Premium, you’re secured, but remember that the ODP varies according to the model, cubic capacity and geographic zone of your vehicle. You must ask your insurer about this. Note that in case of Car Insurance, third party cover is mandatory while ODP is optional. However, you will need Own Damage cover to claim damages to your car. In that sense, it is advisable to go in for a comprehensive Car Insurance cover. Want to check out Car Insurance plans? Click here.