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Going the Extra Mile for Your Maruti Suzuki - A Guide to Add-on Covers for Your Car

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Published on March 25, 2021. EST READ TIME: 4 minutes

At the time of purchase, you are handed an owner’s guide or manual to take utmost care of your new Maruti car. However, ownership is beyond the hours you put in to maintain its aesthetics. It is about preparing your ride and yourself for the uncertainty of the road. Thus, be it Swift, Alto, Dzire or Ertiga, it is imperative that you opt for car insurance policy for your Maruti car for an everlasting relation.

At HDFC ERGO, we understand your love for your wheels and thus take you through the various car insurance policies we offer and the add-on covers for all-rounded protection for your Maruti car.

Car Insurance Policies for Maruti Suzuki Car

1. Cover for New Cars: This is a specialized car insurance policy for people who are purchasing a new Maruti car. The policy comes with a mandatory three-year third-party cover as well as one-year coverage against damage.

2. Third-Party Cover: As the name suggests, the third party policy covers bodily injuries, damages or losses caused to any third-party vehicle or property by your insured Maruti car. This is the most basic policy that is mandated by Indian law. Any car caught driving without this policy is liable to cough up a fine worth INR2,000 and/or imprisonment.

3. Standalone Own-Damage Cover: This is the car insurance policy you need for covering your own damages. Any damages to your Maruti car due to accident, theft or natural calamity will be covered under this policy. Thus, if you have a valid third-party cover, the standalone own-damage cover is the missing piece in your car insurance puzzle.

4. Single Year Comprehensive Policy: True to its name, the single-year comprehensive policy is a holistic cover that provides end-to-end protection against damages sustained by you, your car, as well as third party. While this cover has a higher premium, this remains one of the most recommended car insurance plans for Maruti cars. The policy can be enhanced by multiple add-ons as well.

Add-ons available for Maruti Suzuki Cars

To enhance your Maruti car insurance cover, we offer some useful add-ons. You can choose to pay for these add-ons for extra protection of your Maruti Suzuki car.

• Zero Depreciation Cover: Cars are depreciating assets. With each year, the value of your car depreciates due to gradual wear and tear. This impacts the payable amount during claims as insurers deduct depreciation from the original value of the car before they settle the claim. However, the Zero Depreciation Cover helps you get full claim amount without any such deductions. This one of the most recommended add-on cover for your Maruti car.

• Return to Invoice Cover: This is another must-have add-on cover from the HDFC ERGO kitty. This add-on cover proves to be highly beneficial, especially for all those who have purchased a new car. For cases where the car is damaged beyond repair or is stolen, our Return to Invoice Cover ensures that the car owner gets all their money back. The return to invoice cover also includes registration fees and road tax paid when the policy was purchased.

• Emergency Assistance Cover: While Maruti Suzuki cars are generally well-known for their reliability, there is always the risk of being stranded for numerous reasons. In case your Maruti car is immobilised due to an accident or a breakdown, help will always be a call away with our Emergency Assistance cover. With this add-on cover, you will be able to call us for help for issues such as towing the vehicle, tyre changes, lost key assistance, arrangement of a vehicle repair mechanic and even refuelling.

• Engine and Gearbox Protector Cover: One key reason for the success of Maruti Suzuki cars is the exceptional reliability of their engines and transmission systems. Yet, these parts also experience wear and tear over time. Particularly when a car has aged and has run tens of thousands of kilometres, any repair work arising out of mechanical failure or wear and tear of engine or gearbox can be steep on your pocket. Our Engine and Gearbox Protector Cover is a great way to ensure that you are covered in case of damage or failure of either of these critical subsystems of your car.

• Downtime Protection Cover: There may be cases where your car will take longer than usual to repair. This may be for any reason like non-availability of important spare parts or people with specialised skill sets being too busy. During such time you may have to rely on other means of transport. With our Downtime Protection add-on, policyholders are either provided with an alternate means of transport or with adequate financial assistance when the insured vehicle is under repair in a workshop.

• No Claim Bonus Protection: For each year that you do not file a claim, you accumulate No Claim Bonus, which earns you a significant discount on your premium. But in case you need to file an unavoidable claim, not all is lost. With our No Claim Bonus Protection, you can file claims for damages without losing the benefits of the No Claim Bonus.

Conclusion

No matter which Maruti Suzuki car you own, it is advisable to protect it with a car insurance policy. For ultimate protection, consider opting for our add-on covers that offer everything from Zero Depreciation Cover to No Claim Bonus Protection.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to policy wordings and prospectus before concluding the sales.

This blog has been written by:

S. Gopalakrishnan | Motor Insurance Expert | 40+ years of experience in insurance industry

A veteran in insurance industry, S. Gopalakrishnan is a name to reckon with in the field of reinsurance; he has headed the Reinsurance department and has rich experience in other fields of motor insurance. He loves to share his opinion on the latest topics in the insurance industry and how he can help people in safeguarding their assets using insurance products.

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Few Other Articles:

• Benefits of Add-on Covers for Motor Insurance

• How to Decide Which Add-on Cover Do You Need For Your Car

• Opt For These 5 Add-on Covers For Motor Insurance Along With Comprehensive Benefits

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