Hyundai Next Gen Verna Car Insurance

• Protect yourself with third party or comprehensive cover
• Use bumper to bumper policies to reduce your liability
• Enjoy facilities like zero depreciation and roadside assistance covers

Hyundai’s Verna is definitely a next-generation sedan with its advanced technology, new features, dynamic performance and futuristic design. Hyundai, known to be one of the favourites among Indian consumers for producing innovative products with spectacular designs has captured the hearts of their Indian consumers with yet another show stopper, Verna. Launched recently, the sedan comes with some hi-tech features and sophisticated interiors. The ultra-modern car looks classic due to the elegant and intelligent design. The car comes with advanced safety features, making it super-safe and a primary choice for people with family and kids. This next-generation Verna covers all the consumer aspects in terms of space, technology, safety, etc., making it an excellent match for the Indian terrain. The new Verna is the brain-child of Hyundai Motor India Limited (HMIL) which is the Indian subsidiary of the world-renowned car manufacturer Hyundai Motor Company (HMC). HMIL completed its 21 years in May 2017. HMIL has a massive, integrated, state-of-the-art production plant and R&D centre in India. The production plant situated in Chennai is the core hub for all the HMIL operation in India.

Insurance Providers for Hyundai Verna

The following insurers provide car insurance for Hyundai Verna:

• Bharti AXA General Insurance
• Royal Sundaram General Insurance
• Acko General Insurance
• Reliance General Insurance
• Bajaj Allianz General Insurance
• HDFC ERGO

Apart from the above listed, there are other insurers in the market that offer car insurance policy for Verna. When you buy Verna, it is of vital importance that you research and compare various insurance plans offered at present.

Price range of Hyundai Verna

*Please note that the above prices are exclusively for Bangalore, the prices will vary with respect to the geographical location.

Mileage of Hyundai Verna

Engine Specifications of New Hyundai Verna

Inclusions and Exclusions of Hyundai Next Gen Verna

Car insurance comes with certain inclusion and exclusions that you as the car owner and policyholder should be aware of when buying the insurance policy.

• Inclusions:
  • Third-party Liability Cover:
    • Liabilities toward accidental injury to the third-party involved in the accident
    • Liabilities from external property damage
    • Liabilities toward vehicle damage of the third-party involved in the accident
  • Comprehensive Cover:
    • Liabilities toward own accidental injuries
    • Liabilities toward own vehicle damage
    • Third-party liabilities toward own accidental injury
    • Third-party liabilities from external property damage
    • Third-party liabilities toward vehicle damage
• Exclusions:
  • Third-party Liability Cover:
    • Doesn’t cover own accidental injuries
    • Doesn’t cover own vehicle damage
  • Permanent Exclusions:
    • You can't raise a claim if you car insurance policy expires
    • If you were driving under the influence of alcohol when the accident took place, your claim will be denied
    • Driving without valid license or breaking traffic rules will result in claim denial
    • You cannot use a commercial vehicle as a private vehicle and vice-versa. In such cases, the insurer will deny your claim.
    • Your claim will be denied if you stage accidents or try fraudulent means to avail the claim amount
    • If your vehicle isn’t in good condition and needs fixing but you choose to ignore it and drive your car until it completely breaks down. Under such circumstances, your claim will be denied
    • Raising the claim for regular wear and tear of the vehicle will be denied

Types of Car Insurance Policies Available for Verna

Car Insurance policies available for the New Gen Verna are of two kinds:

• Third-party liability cover

  This insurance coverage provides a limited financial assurance to the policyholder. The insurance policy covers the following:

  • Liabilities toward accidental injuries of the third-party involved in the accident
  • Liabilities toward damages of the third-party vehicle involved in the accident
  • Liabilities toward external damages due to the accident
• Comprehensive cover

  This insurance coverage, unlike the third-party liability cover, provides an extensive financial assurance to the policyholder. The following are covered by this insurance policy:

  • Third-party liabilities towards accidental injuries
  • Third-party liabilities towards vehicle damage
  • Third-party liabilities toward external damages
  • Liabilities toward own accidental injuries
  • Liabilities toward own vehicle damages

Factors that affect Hyundai Next Gen Verna Car Insurance Premium:

Your car insurance premium is calculated based on a number of factors such as:

• Your geographical area
• Your car’s age
• Your driving experience
• Your car’s Insured Declared Value (IDV)
• Your driving record
• Whether your vehicle is used for private or commercial purpose
• Your demographics
• Details of your previous car insurance policy if any
• Record of your previous car insurance claim if any
• The manufacturer, model and make of your car

Easy Steps To Apply for Hyundai Next Gen Verna

You can buy car insurance for your Next Gen Verna either online or offline depending on your comfort.

• Online:

Due to the technological advancement and market demand for technology-oriented products, the insurers have built their own official websites and launched apps for buying insurance online. Most of the consumers nowadays depend on online for most of their work like shopping, learning, etc. So the insurers introducing apps and websites for insurance policies is a boon. You can shop for a good insurance policy from the comfort of your home or any place you choose. The key benefit is that this process is not at all time consuming and you get to compare a number of insurance products before you choose one that suits your needs. The process involves paperless documentation and with the help of their built-in premium calculator, you can confirm your premiums with just a few clicks away. The only thing you need to be aware of while buying insurance from online websites/app is whether the website/app is genuine. There are a number of phishing websites that may take advantage of you being an online consumer, therefore double-check the website and ensure that the website is genuine and not fake before you buy the insurance.

• Offline:

But there is also a part of the Indian population who depends on the old-school method of buying insurance offline. If you are comfortable shopping offline for a good insurance, you need to do the following:

• Get information on various car insurance policies available in the market by visiting the insurer’s branch offices or insurance agents/dealers.
• Once you collate all the data, you have to compare the insurance policies based on the information you collected and check whether they meet your insurance needs.
• Once you have decided on one, visit the nearest branch office of the insurer or meet with the insurance agent/dealer to buy the insurance policy.
• Before you visit the branch office or meet with the insurance agent/dealer, ensure that they are certified and genuine with a valid license.
• Once your confirm that they are certified and hold valid license, you can go ahead and buy the insurance plan.
• You will have to provide original and copy of all the documents necessary to process your car insurance.

Add-on covers for Hyundai Next Gen Verna

Most of the car insurers in India provide similar rider options to increase the insurance coverage in a way that benefits the policyholder. Below are the optional riders/add-ons provided along with your car insurance:

• Accident cover for car passengers
• Engine Protect cover
• Return to Invoice cover
• Consumables cover
• No Claim Bonus (NCB) protect
• Roadside assistance 24X7
• Daily allowance cover
• Key replacement cover
• Zero depreciation cover

Trim your Hyundai Next Gen Verna Car Insurance Premium:

Yourcar insurance premium can vary depending on a number of factors such as geographical location, the age of your car, etc. You can use the below to avail premium discounts that ensure your car insurance premium stays on the budget.

• Provide accurate details when buying/renewing your car insurance policy
• Accumulating No Claim Bonuses (NCB)
• Don’t buy extensive coverage for old cars
• Applying for loyalty discount
• Being a member of Automobile Association of India (AAI)
• Opting for voluntary high deductibles
• Don’t raise claims for small expenses
• Buy traditional cars rather than going for high-end vintage and sports cars
• Renew policy on time
• Installing safety and navigation devices in/to your car

Insured Declared Value for Hyundai Next Gen Verna Car Insurance:

Insured Declared Value (IDV) is nothing but the market price of your car depending on the car model and make, the age of your car, etc. The IDV varies from car to car, the higher the IDV of your car, higher will be the car insurance premium.

Claim Process for Next Gen Verna Car Insurance

Raising claim post the accident or other calamities involves two steps basically:

1. Soon after the accident takes place, get in touch with your insurer and inform the police officials about the accident. File an FIR report as this is mandatory for claim settlement.
2. Once you inform the insurer about the accident, raise a claim request and provide all the necessary documents to support your claim.

Depending on your situation at the time of the accident you can opt for one of the two claim processes available; cashless claim or reimbursement claim.

Cashless Claim Process

This is one of the perks of availing a comprehensive car insurance policy. Here, the policyholder can get his car repaired at authorised garages without spending for the repairs from his own pocket. The authorised garages are nothing but garages that have tie-ups with the insurer. These authorised garages are called cashless garages. When you take your car to these garages, you need to inform the insurer and request a cashless claim. Once the insurer agrees, you can take your car to the garage, inform the head-in charge there and hand over the car for repair work. Once the repairs are done, you can take back your car and all your bills at the garage will be settled by the insurer. This claim process brings down the stress on the insured when his/her car needs big repair work.

Reimbursement Claim Process

This claim process is requested when you cannot find any cashless garage nearby. The process of raising the claim is as same as that of the cashless claim process. The only thing different here is that instead of insurer settling the bills at the garage, you will have to settle the cost of repair from your own pocket. Once you receive the car post repairs and have paid completely for the repairs at the garage, you need to submit the bills to the insurer. The insurer will review your bills and reimburse the amount you spent on car repair.

Hyundai Next Gen Verna Car Insurance FAQs

1. What if I provided incorrect information while buying the car insurance?

   In case you provide the wrong information, you can easily change the information through an endorsement. An endorsement is a letter containing all the changes made to the policy. You submit this letter to the insurer with the relevant documents and the insurer after document verification will process your request.

2. How long does it take to get an insurance quote?

   If you are applying online, you can get the quote via the premium calculator, otherwise, you need to get in touch with the insurer/insurance agent to get the quote.

3. What happens if I lie about my driving history?

   In case you lie about your driving history, the Department of Motor Vehicles (DMV) inform that you are committing a soft fraud and the insurer will deny their services and cancel your insurance plan.

4. Can I put anyone on my policy?

   While applying for car insurance, you can give names of your family members who are likely to use your car. You can also add the name of your car driver in case you have any.

5. Can I change my coverage whenever I want?

   Yes, you can change the policy whenever you want. You will be charged a cancellation fee if you change the coverage before the insurance policy expires. To change the coverage free of cost wait until your insurance policy expires.