Maruti Ertiga Insurance

The car insurance policy that is best suited for your car depends on your requirements. However, a good way to find the right policy and insurance provider is to compare 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 way to decide on which one to select. Here are some of the insurance providers with the highest claim settlement ratio:

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

The car insurance policy you have purchased must be either a standalone own-damage cover or comprehensive cover. However, in case the damage occurred due to some form of illegal driving the insurance provider will not compensate for the cost of the damage.

Yes, your second-hand Ertiga and every other car driving on Indian roads are all required to have at least a third party insurance policy. The policy covers third party liabilities including bodily injuries, death and property damage. The punishment for being caught without it is a fine of Rs. 2,000 and/or imprisonment for up to 3 months.

The insurance premium amount of a car is dependent on a number of factors but most prominently the Insured Declared Value of the car. The IDV is the maximum compensation the insurance company will pay the policyholder and is affected by the depreciation rate of 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 of 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 No Claim Bonus is a reward given to the policyholder by the insurance provider for a claim-free year. The NCB is cumulative in nature and goes up to 50% in the fifth year. The reward is only available with own-damage covers.

A Zero Depreciation Cover is an add-on that can be purchased with standalone own-damage insurance or a comprehensive plan. It negates the depreciation rate of the car at the time of claim settlement. The add-on is only available for cars that are less than 5 years old and can only be used a limited number of times in a year.

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

The easiest way to renew your Ertiga’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.