Worried about Corona virus spreading in India? Buy Health Insurance and get coverage now. View Plans
Take informed decisions with IIFL Insurance:

Which is the best renewal car insurance policy for hyundai?

Hyundai Car Insurance

Hyundai Motor Company is a car manufacturer based in South Korea. The company was founded in 1967 and is headquartered in Seoul. Since then, it has grown to become a multinational automotive manufacturer. The corporation owns and operates the world’s largest integrated vehicle manufacturing facility. Hyundai is now India’s second-largest automobile manufacturer and the country’s largest automobile exporter. Hyundai offers a wide range of vehicles in India, with something to match every budget and need.

If you possess or want to buy a Hyundai vehicle, keep in mind that it will require insurance. Car insurance provides a layer of protection for the owner-driver against the risks that drivers face on the road. The auto insurance will cover any damages to your Hyundai car in the event of a collision, as well as providing financial security to the policyholder in a time of need.

Buying a car is one of the most significant investments we make. Furthermore, they have become an integral part of our daily life. As a result, it’s critical to keep it in good form and protected from the dangers that cars pose. You can protect your Hyundai car from road accidents, vandalism, natural and man-made disasters with an own-damage insurance policy. 

Reasons to Buy Hyundai Car Insurance Policy

  • Hyundai car insurance is simple to purchase online.
  • It covers the insured Hyundai car against loss or damage caused by things like accidents, collisions, and theft.
  • Hyundai car insurance that is comprehensive would cover both personal and third-party liability damages.
  • Injuries, death, and property damage to third parties are also covered.
  • Furthermore, on own damage premiums, a No Claim Discount is available.
  • Personal accident insurance is available for the owner, driver, and passengers.
  • Passengers can also get personal accident insurance.
  • In-network garages, cashless claim settlement is offered.
  • The method for renewing Hyundai insurance is straightforward.
  • The claim settlement process is simple and speedy.

Types of Hyundai Car Insurance 

Comprehensive Insurance.

It pays out in the event of an accident, theft, natural disaster, or other loss or damage to the insured car. Hyundai car insurance is available online and includes third-party liability coverage.

Third-Party Liability Car Insurance.

In the event of third-party personal liabilities, there is no limit to the amount of coverage given. In the event of Third-Party Property Damage, coverage is available up to Rs. 7.5 lakh.

Claim Cashless Car Insurance for Hyundai Cars

It is usually more convenient to make a cashless claim when it comes to car insurance. You must notify your insurance company and take your Hyundai car to an authorized workshop or network garage of your insurer to begin the cashless car insurance claim process. This technique allows you to have your Hyundai car fixed after an accident without having to pay a repair cost because your insurance company will pay it on your behalf.

The cashless car insurance option is advantageous to you since it prevents you from making a large payment for car repair after an accident. When compared to the reimbursement method, you will need to submit less paperwork and go through fewer formalities to obtain a cashless vehicle insurance claim. In a cashless claim, the insurance company sends a surveyor to the location or garage to assess the amount of the damage and determine which insurer will pay the claim. As a result, the process is ramped up while remaining transparent. Only those garages that pass their quality test are authorized by the insurance companies, thus having your Hyundai car fixed at a network garage for a cashless claim will ensure that your car receives the best possible maintenance.

Renew Expired Policy for Hyundai Cars

A car insurance policy is intended to pay you for car damages and losses to a large extent. As a result, every policyholder should renew it without fail, because when it becomes inactive, you may be forced to pay significant financial losses as a result of damages to your car. On that point, it’s usually a good idea to renew your car insurance coverage before it expires. However, if you miss the deadline for renewing your Hyundai vehicle insurance policy, you can still renew it within the grace period, which is usually 90 days but varies from insurer to insurer.

You must provide a Vehicle Inspection Report (VIR) together with other relevant information and documentation to any insurance company to renew an expired vehicle insurance policy. Furthermore, if you want to be eligible for a No Claim Bonus, you must renew your insurance plan on time, or within 90 days of the policy’s expiration date. You must not drive your Hyundai car if your car insurance coverage has expired, as driving without a valid insurance policy is prohibited in India.

FAQs

What are the details that must be entered in to premium calculator to calculate the rate for my Hyundai car insurance?

The necessary details which should be entered on the premium calculator to determine the appropriate Insured Declared Value and the premium amount of the car insurance for your Hyundai car are Car Brand, Model of the Car, Variant of the Car, Car Registration City, Year of Purchase, and so on.

What is the minimum time for which I need to compulsorily buy a third-party car insurance plan for my Hyundai car?

According to the Supreme Court of India's directive, all car owners must obtain a three-year third-party car insurance plan while registering their newly purchased Hyundai car.

Which documents should I always have with me when driving in India?

You must have a few documents with you at all times. The insurance certificate, registration certificate, and pollution control certificate for your Hyundai car.

Buy Insurance - 18002101330