Renault Kwid Insurance

There is no single car insurance policy out there that can be deemed the best. The best policy for your Kwid is one that fits your needs and price point. The easiest way to find such a policy is to purchase your car insurance online. With just a few clicks you can compare the different car insurance companies, the quotes they offer and their network of cashless garages. Make sure to also check out our articles on car insurance in case you have any doubts. It is important that you make an informed decision when purchasing your car insurance policy.

Car Insurance will cover the cost of your shattered windshield only if you have an own damage cover. This type of cover compensates the policyholder for their car’s damage in a variety of situations including road accidents, theft, vandalism, and calamities. However, keep in mind that if the mishap occurred due to some form of illegal driving the insurance company will not be expected to compensate for the damages.

Every car driving on Indian roads including your second hand Kwid is required to have at least a third party insurance according to the Indian Motor Tariff. This cover takes care of third party liabilities in case of a mishap including bodily injuries, death and property damage. If caught without third party insurance you will be punished with a fine of Rs. 2,000 and/or imprisonment for up to 3 months.

The premium amount of your Kwid is determined largely by the Insured Declared Value of the car. It takes into account the depreciation rate of the car. Hence, the older the car, the lower its IDV, the claim amounts and the insurance premium.

The below-mentioned steps will guide you in filing a car insurance claim for your Kwid:

• Step 1: File an FIR at the nearest police station, a copy of the document will be required for the claim process.
• Step 2: Contact the insurance provider as soon as possible and inform them about the situation. Also, remember to confirm the list of documents you need to provide.
• Step 3: Submit the necessary documents along with the claim form duly filled.
• Step 4: If the car needs to be repaired, the insurance company will first send a surveyor to assess the damage. After this, the claim will go through a verification process before it can be approved.
• Step 5: Once approved you can take your car to the nearest garage and get it repaired. If you select a network garage the bill will be settled by the insurance provider in a cashless manner.

The No Claim Bonus is a reward that is given to the policyholder for every claim-free year by the insurance provider. The NCB is cumulative in nature and goes up to 50 per cent in the fifth year.

The Zero Depreciation Cover is an add-on cover that you can purchase along with any own-damage cover. The add-on mitigates the depreciation rate of the car during claim settlement. However, this add-on can only be purchased by cars that are less than five years old and can be used a limited number of times within a year.

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

The easiest way to renew your car insurance is to do it online. Simply visit the InsuranceDekho website and select the renewal tab under the car insurance option. Enter the required details of your car, the previous insurance provider and enter your personal details. Click on ‘Submit and Get Quotes’. The insurance quotes in your category will be visible on the screen. Select the policy that best suits your needs. Make the payment and the policy document will be sent to your registered email ID.