Maruti Omni Insurance

When looking for a good car insurance policy it is crucial to understand that there is no one best car insurance policy out there. The best car insurance for you is one that best suits your needs. To find an effective and affordable car insurance policy it is best to have the basic car insurance knowledge and then compare different policies online to find one that suits you best.

Car insurance will only pay for the cost of your shattered windshield only if you have purchased an own-damage cover. You can purchase this cover either as a standalone cover or as part of a comprehensive plan. Keep in mind that if the mishap occurred due to some form of illegal driving the insurance provider will not compensate for the costs.

Yes, every car driving on Indian roads along with those which are second hand are required to have at least a third party insurance. If caught without it you can be punished with a fine of Rs. 2,000 and/or be imprisoned for up to 3 months. The third party insurance will cover third party liabilities including bodily injury, death and property damage.

The premium of your car’s insurance policy is dependent most importantly on the Insured Declared Value of the Car. The IDV is the maximum amount that the insurance provider will compensate in case of a mishap and is affected by the depreciation rate of the car. The older your car the lower the IDV and the premium amount for the car.

Following are the steps that will help you in filing a car insurance claim:

• Step 1: File an FIR at the nearest police station in case of a theft, road accident or case of vandalism.
• Step 2: Inform the insurance provider about the situation and confirm the list of documents you need to provide.
• Step 3: Submit the claim form duly filled along with the required documents to the insurance provider.
• Step 4: If the car needs to be repaired, the insurance provider will first send a surveyor to check the damage. After this, your claim will go through a verification process before it can be approved.
• Step 5: You can take your car to a network garage and get the repairs done in a cashless manner. Or you can go to a non-network garage and receive reimbursement for the repairs later. In cases of total damage or theft, the insurance provider will compensate the IDV of the car after you hand keys, documents or any other items related to the car.

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 going up to 50% in the fifth year and is only available with own damage covers.

Zero Depreciation Cover is an add-on that can be purchased with standalone own damage covers or comprehensive plans. They mitigate the depreciation rate of the car at the time of claim settlement. The add-on is only available for cars less than 5 years old and can be used a limited number of times within a year.

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

To Renew your car insurance online first visit our website InsuranceDekho. Select car insurance and the renewal tab from the drop-down menu. In the given section enter your car’s registration number, fuel type and variant. Next, enter your previous policy’s expiry date, time period, insurance provider and details of claims if any. Also, enter your policy details. Click on ‘Proceed’. The policies in your category will be visible on the screen. Select the one that best suits your needs with any add-ons of your choice. Pay for the policy and the insurance document will be sent to your registered email ID.