Hyundai Verna Insurance

The car insurance policy that is best for your car and you is one that fits your requirements and price point. With car insurance available for purchase online it is easier than ever before to compare and decide on a policy. With a few clicks, you can compare the different car insurance companies, the quotes they offer and their network of cashless garages. The claim settlement ratio of the insurance provider is also a good tool to check the insurance provider’s reputation. Here are some that have the highest scores:

• Acko Car Insurance
• Bajaj Allianz Car Insurance
• Bharti AXA Car Insurance
• Chola MS Car Insurance
• IFFCO Tokio Car Insurance

Your car insurance provider will only cover the cost of a shattered windshield if you have a standalone own damage cover or a comprehensive plan. They cover a wide range of scenarios such as theft, road accidents, vandalism and calamities both natural or manmade. However, keep in mind, if there was any kind of illegal driving involved in the mishap the insurance company will not cover the cost of the damage.

Your second hand Verna and every other car driving on Indian roads are all required to have at least a third party insurance according to the Indian Motor Tariff. The cover will compensate the third-party in case of a mishap including bodily injury, death and property damage. You can be punished for driving without it with a fine of Rs. 2,000 and/or be imprisoned for up to 3 months.

The insurance premium of your Verna depends on the Insured Declared Value of the car. This is the maximum compensation the insurance provider will give a policyholder in case of a mishap. The IDV depends on the age of the car. The older the car the lower the IDV, the claim amounts and the insurance premium for the car.

In case of a mishap, such as a road accident, vandalism or theft first file an FIR at the nearest police station. Inform the insurance provider about the situation as soon as possible and confirm the list of documents you need to provide. Submit the claim form duly filled along with the required documents. If the car is damaged and needs to be repaired the insurance provider will first send a surveyor. They will check the damage to the car, draw up a report after which your claim will go through a verification process before it can be approved. Once approved you can take it to the garage to be repaired.

The NCB or No Claim Bonus is the reward given by the insurance company to the policyholder for a claim-free year. The reward is cumulative in nature and goes up to 50% in the fifth year. NCB is available with all own-damage covers.

A Zero Depreciation Cover for your Verna will negate the depreciation rate of the cat at the time of claim settlement. It is available for purchase along with standalone own damage covers and comprehensive covers. However, the add-on is only available for cars that are less than five years old and can be used a limited number of times within a year.

The IDV of a car is calculated by deducting the car’s depreciation rate from its manufacturer’s selling price.

The easiest way to renew your Verna’s insurance policy is to do it online. Simply visit the InsuranceDekho website. Select the renewal tab under the car insurance drop-down menu. Enter the required details. The insurance policies in your category will be visible on the screen. Select the one that best fits your needs and make the payment for your policy. The policy document will be sent to your registered email ID. Make sure to renew your car insurance on time to keep the NCB intact and avoid the risk of driving without one on the road.