New Delhi, Aug. 11 -- India's parking crunch is increasingly becoming a financial risk for vehicle owners. From scratches and broken mirrors to theft, flooding and falling trees, parked vehicles can suffer significant damage even when they are off the road.

"One of the biggest challenges of owning a vehicle in Indian cities today begins even before you start the engine: finding a safe place to park it," said Bikash Choudhary, CEO, FatakSecure.

He shared his views on parking-related risks, their impact on motor insurance claims, what comprehensive policies cover, and whether parking affects premiums.

According to the VAHAN Dashboard, India has more than 24 crore registered motor vehicles. As vehicle ownership rises, parking infrastructu...