PACKAGE POLICY WORDINGS FOR PRIVATE CAR AND COMMERCIAL VEHICLE
Whereas the insured by a proposal and declaration dated as stated in the Schedule which shall be the basis of this contract and is deemed to be incorporated herein has applied to the Company for the insurance hereinafter contained and has paid the premium mentioned in the schedule as consideration for such insurance in respect of accidental loss or damage occurring during the period of insurance.
NOW THIS POLICY WITNESSETH
That subject to the Terms Exceptions and Conditions contained herein or endorsed or expressed hereon;
SECTION I. LOSS OF OR DAMAGE TO THE VEHICLE INSURED
The Company will indemnify the insured against loss or damage to the vehicle insured hereunder and / or its accessories whilst thereon
An insurance endorsement refers to any change/correction made to your existing motor insurance policy.
It is required in instances such as changes in car ownership, addition of a CNG / LPG kit, increase in coverage, taking on optional covers, changes in geographical area, addition or removal of electrical accessories, and so on. There are no alterations made to the original policy, instead an Endorsement Certificate is provided.
To get an endorsement done, please call our 24x7 Customer Support number at 1800-2666-2666.
They will assist you with the procedures:
The endorsement is made to correct the ex-showroom price of the vehicle if it is incorrectly mentioned in the original policy.
An endorsement is required if you add or remove a bi-fuel (viz. CNG / LPG) kit to your car.
The endorsement helps to include or exclude electrical accessories that are installed or removed after you purchase the vehicle.
The endorsement is essential to cover or remove from coverage non-electrical accessories that are installed or removed after you purchase the car.
The endorsement is essential for changes in the geographical area where the car will be regularly used. The geographical area can be extended to include Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.
An endorsement is required to correct the registration number if it is wrongly mentioned in the policy document.
The endorsement is required for any correction in customer type mentioned in the original policy document. For instance, change of customer type from individual to firm.
An endorsement that helps to correct the prefix, customer name or corporate name wrongly mentioned in the policy document.
This endorsement is required to correct any mistakes in the gender, address or city mentioned in the original policy document.
These endorsements help to include any addition, changes or cancellation in the hire purchase agreement, lease agreement, or hypothecation agreement.
We understand the urgency of the situation when you file a claim. And we help you at every step of the way to ensure your claim is handled with utmost priority and given the attention it deserves.
We offer a host of benefits and ensure your claim is taken care of within the allotted time. For instance, our near-cashless repair services let you pay only for the compulsory excess and applicable depreciation as per the Indian Motor Tariff, while the insurance company settles the remaining amount directly with the authorized workshop. With us, your needs will be placed first and foremost. From proactive follow-ups with the authorized workshop and insurers to making sure all repairs are done within the allotted time, we ensure you get the very best of claims experience that you truly deserve.
To file a claim please
Our experienced team will assist you with the claim process and will help you to file the claim in the prescribed manner.
As per the Motor Vehicle Act 1988, Third Party Liability cover is mandatory for all vehicles plying on public roads in India. However, it is advisable to have a comprehensive motor insurance as it covers loss or damages to your vehicle including any damages suffered by the third party and/or occupants.
The owner of the car is primarily responsible in the event of an accident. He is liable to the third party for all damages suffered by the said third party and also for any damages suffered by the occupants.
A comprehensive car insurance policy has various exclusions and limitations that will affect your claim to get all expenses reimbursed. You must read the policy document properly and ensure your claim is not affected by these exclusions and limitations.
Newer car models are often fitted with security systems or anti-theft devices, thus making car theft a more difficult scenario. If no new technology such as engine immobilizers and GPS locators are installed, then old cars are more likely to be stolen than new ones.
Your car insurance only covers for accessories such as music systems, GPS navigation units, etc. and CNG or LPG kits that are insured under the policy. It does not protect against your personal belongings in the car including any cash or jewellery.
Cars equipped with CNG or LPG kits are classified as high-usage vehicles and as such, chances of them being involved in an accident are also much more. Their insurance premium is therefore higher to cover the additional risk.
Your insurance premium does not depend upon the color of your car. It is actually dependent on other factors such as the cubic capacity, the make and model, the year of manufacture, and the place of registration, among others.
Quite a few insurance companies offer cashless repairs. This means that you only pay for what is not covered under your policy. The rest is paid directly by the insurer to the dealer without you having to bear any costs.
Yes. As per Motor Vehicle Act, No person shall use (except as a passenger), or cause or allow any other person to use a motor vehicle in a public space in India without a Third Party Insurance (Liability Insurance). Therefore, customer needs to insure the car at least with Liability Only cover.
There are two types of Motor Insurance:
Honda Assure as a broking firm caters to insurance requirements.
This is as per the tariff. In the past, even after the loss of the vehicle on the second day of purchase, insurance company never settled the claim for full ex showroom price of the vehicle. They reason for the same was that the claim should be settled according to the market value of the vehicle. Now government has made it a rule that the value of the vehicle will be taken according to a fixed structure as per the age of the vehicle and insurance company should take the premium as well as settle the claim on the same value termed as IDV (Insured Declared Value). In this structure, the IDV of the new vehicle is at 95%. As the vehicle gets older every year, the IDV keeps going down. Full IDV is payable for all total loss / theft cases. Why pay the premium on 100% price of the vehicle when the claim is going to be paid on 95% price.
Factors affecting Premium are:
No, this is non-compliance of section 64VB of the Insurance Act of 1938. Cheque date has to be the same / prior to the date of policy issuance.
Yes, those accessories which don't come as a part of the car and have been fitted separately will be insured separately on payment of additional premium. The premium will be 4% of the value of the electronic accessories, plus service tax on it.
No Claim Bonus is a reward for filing no claim in the previous year. It can be accumulated over the periods of insurance. NCB starts with 20% and goes up to 50%
Customer simply needs to inform at the customer helpdesk (Toll Free No: 1800 2666 2666) or any authorized workshop, rest will be taken care by the workshop.
The following documents are required:
Contact Honda Assure at our dedicated customer support desk at 1800-2666-2666 .
Incidents such as “Third Party Property Damage”, “Bodily Injury to Self or Third Party” or “Theft” should be reported to the nearest police station, under whose jurisdiction the incident has occurred.