BMW has a large customer base of over 23,67,603 and an employee base of 1,24,729 as of 2016. BMW has around 31 production and assembly units in 14 countries across the globe.
As per the Motor Vehicles Act, it is mandatory for every car owner to avail a car insurance. Aside from the rule, availing car insurance protects you from unforeseen liabilities due to road mishaps, natural calamities, etc.
A number of insurers provide BMW insurance in India, a few of them are listed below:
BMW houses the following vehicles:
There are two kinds of car insurance available for BMW:
A comprehensive car insurance plan provides an overall coverage to you by covering own damage liabilities as well as third-party liabilities at the time of a mishap.
A third-party car insurance covers third-party liabilities at the time of a mishap.
You can purchase or renew your car insurance online or offline depending on your convenience
You can purchase the car insurance online or renew the existing one online via third-party insurance websites or the insurer’s official website.
You can meet with an insurance agent or visit the nearest branch office of the insurer to buy or renew a car insurance policy.
The claim process for BMW car insurance involves the following steps:
BMW Car Insurance comes with a number of inclusions and exclusions, a few of them are listed below:
There are a number of add-ons available in the market for BMW Car Insurance, a few of them are listed below:
The insurers offer a number of discounts to BMW car owners, a few of them are listed below:
A car insurance is an agreement between the insurer and the insured where the insurer promises to financially protect the insured against the liabilities that he/she may incur at the time of a mishap.
An excess is a part of the insured amount that the policyholder has to pay at the time of claim settlement.
A letter of endorsement is a letter that you submit to the insurer when you want to make certain changes to your insurance policy document.
A cover letter is a temporary document that the insurer gives the insured until the insurer can issue the original insurance policy document.
When a car is damaged beyond repair as a result of a mishap, the car is considered as total loss by the insurer.