There are a number of insurers in India offering motor insurance for SUVs, a few of them are listed below:
Car insurance for SUVs offers a number of benefits in terms of financial support as well as vehicle assistance during an emergency. Also, as per the Motor Vehicles Act, it is mandatory in India for every vehicle owner to insure his/her vehicle with a third-party liability cover at least. Car insurance protects the car owner from third-party liabilities as well as own damage liabilities arising due to a mishap.
There are two types of car insurance plans for SUVs:
This car insurance plan offers limited insurance coverage by covering only third-party liabilities arising due to a mishap.
This car insurance plan offers extensive insurance coverage by covering third-party liabilities as well as own damage liabilities arising due to a mishap.
Car insurance for SUVs comes with certain inclusions and exclusions:
Car insurance for SUVs come with add-on options that can increase your insurance coverage such as:
You can purchase or renew car insurance either online or offline depending on your convenience:
You can visit a third-party insurance website or an insurer’s official website to purchase a car insurance or renew your existing insurance policy.
You can also opt to purchase or renew car insurance offline by visiting the nearest branch office of the insurer or meeting with an insurance agent.
Claim process for SUV car insurance can vary with the type of claim you have raised, cashless or reimbursement claim, the kind of incident occurred and liabilities incurred. The following are the general steps in the claim process:
IDV or Insured Declared Value is the maximum market value of your car at any given point in time with respect to its age.
No Claim Bonus is the discount on insurance premium offered by the insurer to the insured for every claim-free year.
There are two types of deductibles in car insurance, voluntary deductible and compulsory excess. A voluntary deductible is a part of the insured premium that you volunteer to pay at the time of claim settlement. A compulsory Excess is the part of the insured amount fixed by the insurer that you agree to pay during the claim settlement.
A car insurance policy is valid for 12 months.
Depreciation in car insurance is the loss in the market value of your car and is one of the factors that determine the IDV of your vehicle.
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