What Is The Application Process For The Maruti Car Insurance?

By Author: Ronak Iyer
Total Articles: 117

With the majority population in the world investing on having an own car, knowing how about the procedure of financing different cars, has become all the more important. Car Insurance can cover losses due to traffic accidents or theft to owner of a vehicle, who is the policy holder.

Reason behind getting Maruti car insurance

No motor vehicle whether two-wheeler or four-wheeler will get legal permission to be driven on road with the valid documentation of its insurance. A comprehensive Maruti car insurance policy will cover your Maruti car against any kind of loss or damage to it or any of its accessories. The loss or damage will include various circumstances.

The common conditions which the car insurances cover can be broadly categorized into Natural calamities and Man-made crisis like burglary or riot or terrorist attack, damage in transit by road, rail, inland waterway, lift, elevator or air, etc. While the natural calamities include circumstances like sudden outbreak of fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Know your Maruti car insurance
Maruti Insurance for the Maruti Suzuki cars involves a special Motor Insurance product from leading Insurance Companies namely National Insurance, Bajaj Allianz, New India Assurance, IffcoTokio General Insurance, ICICI Lombard and Royal Sundaram.

You have two options to get your Maruti car insurance done. Either you complete the Maruti car insurance formalities via the authorized dealership from which you have bought the car, or you simply refer to any of the above mentioned insurance companies and get your Maruti vehicle insured. Maruti Insurance is accessible via Maruti Insurance Broking Private Limited.

You can simply ask for your Maruti car insurance quote by filling up the online application on the available websites of any of the above mentioned financial institutes. Think and decide what extent of coverage you want for your car, as it is often a minor accidents can bring a lot of expenditure.

During the application procedure, applied via any of the previously mentioned options, you get something called Insured's Declared Value (IDV). IDV is the value for which your Maruti vehicle is insured for and is basically a computer generated amount. You can change the computer generated IDV till more or less 5%. Any further changes may affect you during the claim process.

In case you have opted for the insurance formalities via your dealership you can get it renewed instead of switching for any of the insurance companies. As a second option, after the initial time period of the car insurance with the dealership is over, you can switch to any of the insurance companies as mentioned earlier. With so many companies coming up with car insurance policies, it’s better that one makes a comparative study before finalizing anyone in particular.

Any car insurance is bound by a time period, after which one needs to renew his or her car insurance. For example, Maruti car insurance renewal can be done 30 days in advance of the policy expiry date. Always remember that failing to update the Maruti car insurance renewal might put you in legal trouble, in case you are caught driving the concerned car on road. It is advised to carry copy of the insurance papers in your car every time you are travelling.

Author Bio:

Ronak Iyer is an engineering student residing in Delhi. During his spare time, he loved to write about his passion for cars. Through this article, he has written about the Maruti car insurance with the hope others will share his views. Check out his work as he talks about the application process for the Maruti car insurance which can also help you with the Maruti car insurance renewal.