Car insurance is not just a legal requirement; it also safeguards your investment and well-being. A Mahindra Scorpio car insurance policy provides financial protection against any loss or damage caused to the vehicle due to accidents, theft, or natural calamities.
In this article, we will look at different aspects of Mahindra Scorpio car insurance. This includes the types of car insurance plans, inclusions, exclusions, and the ease and benefits of buying car insurance online.
Why do you need a Mahindra Scorpio car insurance policy?
A Mahindra Scorpio car insurance policy is essential for various reasons. It provides financial protection against unforeseen events or accidents. Additionally, it also fulfills legal requirements, ensuring compliance with mandatory vehicle insurance laws. Moreover, a comprehensive policy may also offer coverage for third-party liabilities, safeguarding against potential legal claims.
Furthermore, insurance companies often provide additional benefits like roadside assistance and coverage for personal belongings, enhancing the overall value of the policy.
How to buy car insurance for Mahindra Scorpio?
You can easily buy car insurance policies online through various portals. One such platform is the Bajaj Finance Insurance Mall. You can easily apply online through a digital process with zero documentation. Given below are the easy steps to buy a car insurance policy for Mahindra Scorpio through Bajaj Finance:
Step 1: Click here to visit the online application form.
Step 2: Enter the vehicle type, registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.
Step 3: Choose the IDV, NCB value, optional add-on covers, and plan type to get a list of relevant car insurance policies. You need to update the expiry date of your current car insurance policy here.
Step 4: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.
Step 5: Confirm the vehicle registration date and the previous policy type (Comprehensive/third-party). Click on ‘Proceed’ to buy car insurance online.
Step 6: Enter the vehicle owner’s name, date of birth, residential address, and contact number. Also, enter the vehicle engine and chassis number (as per the RC) and previous four-wheeler insurance policy details.
Step 7: Review your previously filled details and make the payment through your preferred online payment mode – Net banking, UPI, or credit/debit card to buy the policy.
Benefits of buying car insurance online
One of the most significant advantages of purchasing car insurance online is the convenience that it offers. You can compare quotes from different insurers, customise your policy, and make the purchase. Here are some key benefits of buying car insurance online:
- Competitive pricing: Online insurance providers often offer competitive prices, and you can easily compare quotes to find the best deal.
- Customisation: Online platforms allow you to tailor your insurance policy to meet your specific needs and budget.
- Instant policy issuance: No more waiting for paperwork; you can get your policy instantly, saving you time, and hassle.
- Easy renewals: Online platforms make it simple to renew your insurance policy when it is due.
- Access to information: You can easily access all the information you need to make an informed decision about your car insurance.
Types of car insurance plans for Mahindra Scorpio
When insuring your Mahindra Scorpio, you have several options to choose from. The type of insurance you select will determine the coverage you receive. Here are the main types of car insurance plans available for your Scorpio:
· Third-party liability insurance
This is the most basic and mandatory form of car insurance. It covers damages and injuries caused to a third party in an accident involving your Scorpio. However, it does not cover damage to your own vehicle.
· Comprehensive insurance
Comprehensive insurance is the most extensive coverage available. It not only covers third-party liability but also provides protection for your own vehicle. This type of policy is highly recommended, especially for expensive vehicles like the Scorpio.
Factors to consider when buying car insurance for Mahindra Scorpio
When purchasing car insurance for your Mahindra Scorpio, consider these factors:
- Coverage type: Decide between third-party liability or comprehensive coverage.
- Vehicle value: Choose coverage limits that match your car's value.
- Deductible: Decide on an affordable deductible amount.
- Add-ons: Evaluate optional extras like roadside assistance or zero depreciation.
- Premium costs: Compare quotes from multiple insurers for cost-effective options.
- Insurer reputation: Select a reputable insurance company with good customer service.
- Policy terms: Understand policy terms, exclusions, and claim procedures.
- No claim bonus: Check for NCB benefits to reduce premiums.
- Discounts: Inquire about available discounts, such as anti-theft devices or safe driving.
- Policy renewal: Consider policy renewal terms and premium adjustments.
Key inclusions of car insurance policy for Mahindra Scorpio
Given below are the key inclusions for a car insurance policy for Mahindra Scorpio:
- Own damage: Comprehensive car insurance covers damages to your Scorpio caused by accidents, natural calamities, or theft. Whether your vehicle has a minor dent or requires major repairs, the insurance company will foot the bill.
- Third-party liability: In case of an accident, if you are found responsible for causing injury to a third party or damage to their property, your insurance policy will cover their medical expenses and property damage.
- Personal accident cover: Your policy includes personal accident insurance, providing compensation in the unfortunate event of an accident leading to death or disability.
- No claim bonus: As mentioned earlier, a comprehensive policy can help you accumulate NCB if you do not make any claims during the policy period. This bonus can lead to substantial savings on your premium during renewals.
- Engine protection: If your Scorpio's engine is damaged due to reasons covered by your policy, the insurance company will pay for the repairs.
- Roadside assistance: With this add-on, you can enjoy the convenience of roadside assistance in case of breakdowns, flat tires, or empty fuel tanks.
- Zero depreciation: If you opt for zero depreciation cover, you will not have to worry about depreciation affecting your claim amount. The insurance company will reimburse the entire cost of repairs or replacement without factoring in depreciation.
Key exclusions under a Mahindra Scorpio car insurance policy
Here are some common exclusions in a Scorpio car insurance policy:
- Regular wear and tear: Car insurance does not cover damages that occur due to regular wear and tear of the vehicle. This includes issues related to ageing parts, such as brake pads, tires, and oil changes.
- Mechanical failures: If your Scorpio experiences mechanical failures that are not caused by an accident or a covered peril, the insurance policy will not cover the cost of repairs.
- Driving under the influence of alcohol or drugs: If an accident occurs while the driver is under the influence of alcohol or drugs, the insurance company may refuse to honour the claim.
- Unauthorised drivers: If an unauthorised person is driving your Scorpio at the time of the accident, your claim may be rejected.
- Certain accidents: Most insurance policies do not cover accidents that occur when your Scorpio is being driven off-road, in unauthorised areas, or in racing events.
- Cancellation of policy: If your policy lapses or is cancelled, any claims made after the policy's expiration or cancellation date.
Additional coverage options
In addition to the common inclusions and exclusions, there are a few more coverage options you can consider while enhancing your Scorpio car insurance:
- Key replacement: This add-on covers the cost of replacing lost or stolen keys, including the cost of reprogramming key fobs.
- Consumables cover: It covers the cost of consumable items such as engine oil, coolant, and brake oil, which are used during repairs.
- Invoice protection: This add-on ensures that you receive the full ex-showroom price of your Scorpio in case of theft or total loss, helping you avoid depreciation-related losses.
- NCB protector: This add-on allows you to make one claim without losing your accumulated NCB.
Protecting your Scorpio with adequate car insurance is important, as it offers financial protection against any unforeseen events. The comprehensive policy is the best option for maximum coverage, while a third-party liability policy is mandatory as per Indian law.
However, before buying a policy, it is important to read the policy document carefully to understand the exclusions and inclusions. Buying car insurance online offers several benefits like convenience, cost-effectiveness, and easy comparison.
