Driving a car is a thrilling experience that comes with its fair share of risks. From fender benders to major accidents, the road is full of unexpected events that can leave you overwhelmed and vulnerable. That is why car insurance is not just a legal requirement but also a crucial investment for your peace of mind.
Maruti car insurance policies offer a range of coverage options that cater to your individual needs, ensuring you have the protection you need to hit the road confidently. Whether you are a new car owner or an experienced driver, understanding the coverage options available in Maruti car insurance policies is essential.
Car insurance policies are a crucial aspect of owning a vehicle. They protect against unexpected events, such as accidents and theft, that can result in significant financial losses.
What does the Maruti Car Insurance Policy cover?
Maruti is one of the leading car manufacturers in India, and their insurance policies offer a range of coverage options that cater to the needs of their customers.
1. Third-party liability coverage: This coverage is mandatory by law and covers damages or injuries caused by your car to a third party. It covers legal liabilities arising from an accident that results in bodily injury, death or property damage to a third party.
2. Comprehensive coverage: This all-inclusive coverage option protects your car from various damages or losses caused to the insured vehicle due to natural calamities such as floods, earthquakes, landslides, storms, and other weather-related events. It also covers damages caused by man-made disasters such as riots, strikes, terrorist attacks, and accidents caused by other vehicles.
In addition to these risks, comprehensive coverage also provides protection against theft or damage caused to the vehicle due to attempted theft or vandalism. This includes damage caused by thieves trying to break into the car or stealing car parts such as the stereo system, GPS devices, or any other valuable items.
3. Personal Accident Cover: The Personal Accident Cover provides financial assistance to you and your co-passengers in case of accidental death or disability and provides compensation to both.
Add-on covers under the Maruti Car insurance Policy
However, there might be some specific situations where the standard policy might not provide adequate coverage. This is where add-on covers come in handy. Add-on covers are optional options that can be added to a car insurance policy for an additional premium. They provide additional protection and coverage beyond what is included in the base policy.
Types of add-on covers available in Maruti car insurance policies
The types of add-on covers available in Maruti car insurance policies include:
1. Zero depreciation cover: This option benefits if you own a new car. It provides full reimbursement for the cost of car parts damaged due to an accident without taking depreciation into account.
2. Engine protection cover: This option protects your car's engine from damage due to natural calamities like floods or waterlogging, oil leaks, gearbox damage, or engine failure.
3. Roadside Assistance: This coverage option provides emergency roadside assistance in case of a breakdown or an accident. It includes services like towing, fuel delivery, flat tire assistance, battery jump-start, etc.
4. No-Claim Bonus (NCB) Protection: This coverage option allows you to maintain your NCB even if you make a claim. This means you can continue to enjoy discounts on your insurance premium.
5. Downtime protection: Downtime protection compensates for the loss of income during downtime caused by an accident or any other event that requires the car to be out of commission. This cover is particularly beneficial if you rely on your car for your livelihood, being a business owner or a self-employed individual. The cover provides daily compensation for the loss of income until the car is repaired and back in working condition.
6. Return to Invoice: The return to invoice is a protection that provides reimbursement for the entire amount of the car's invoice value in case of theft or total loss due to an accident. In other words, if your car is stolen or severely damaged beyond repair, the insurance company will reimburse you the full invoice value of your car as mentioned in your policy document. This means that you will receive the complete amount you paid for your car when you bought it, not just the depreciated value of the car at the time of the incident.
What is not covered by Maruti car insurance?
Like any other insurance policy, Maruti car insurance has certain exclusions that are not covered. These exclusions vary from policy to policy, and it's important for policyholders to carefully read the policy document and understand the terms and conditions of the policy to avoid any confusion later on.
Some of the common exclusions under Maruti insurance coverage are:
1. Regular wear and tear: Maruti insurance cover does not cover damages caused due to regular wear and tear of the vehicle or its parts. This includes damages caused due to ageing, deterioration, or normal vehicle use.
2. Electrical or mechanical breakdown: Any damages or losses caused due to mechanical or electrical breakdown of the vehicle are not covered under Maruti insurance cover. This includes damages caused due to a malfunctioning engine or transmission system.
3. Depreciation: The policy does not cover the vehicle's or its parts' depreciation. This means that the insurance company will not cover the full value of the vehicle or its parts at the time of claim settlement.
4. Driving under the influence: Any damages or losses that occurred because of driving under the influence of alcohol or drugs are not covered under the policy.
5. Illegal activities: The policy does not cover damages caused while the vehicle is used for illegal activities such as racing, smuggling, or other criminal activities.
Choosing the right Maruti car insurance policy coverage is crucial to ensure adequate protection and peace of mind. Consider your driving habits, the age and value of your car, and your budget when selecting coverage options. With the right coverage, you can enjoy your Maruti car without worrying about unexpected expenses in case of an accident or damage.
Disclaimer - The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.