If you’re an owner of a luxury car, you must be well versed with the importance of a car’s brand logo. Usually installed on the bonnet of a car, it speaks volume about the reputation of a particular car and its owner. Just by looking at a car’s logo, a person can identify whether it’s a luxury car, sports car, or so on.
However, cars’ brand logos are as susceptible to damages as cars are. It can get stolen, destroyed, or distorted and can entirely ruin the visual appearance of your precious car. Car Brand Logo Insurance is a very unique type of insurance plan which is meant to cover you against the financial losses arising due to theft or burglary of your car’s brand logo.
With this policy, you will get a high coverage in the range of Rs. 1000 to Rs. 10,000 for your car’s brand logo by paying a nominal one-time premium starting at just Rs. 19. The coverage options and the corresponding premiums are as follows:
Buying this policy involves a very simple and hassle-free process. All you need to do is fill the online application form and pay the premium amount via your preferred payment method including net banking, credit card, debit card, mobile wallet, or UPI.
Car Brand Logo Insurance plan will cover your car’s brand logo against the risks of burglary and theft. In case of occurrence of such an instance, you will be compensated with the invoice value of the new logo or the sum insured, whichever is lower.
This policy can be purchased for new cars having a registration certificate (RC) or cars which are up to 5 years old, as per their date of purchase.
This policy will be valid for a period of 1 year from the date of its purchase. In case your car’s brand logo gets stolen or destroyed during this period, you will be able to file a claim on this policy and get a reimbursement for your financial loss.
You need to have a valid Registration Certificate (RC) of your car to avail the benefits of this policy. In case your car is not registered yet, it will not come under the coverage of the policy.
In case your car is more than 5 years old from the original date of its purchase, it will be excluded from the policy coverage.
Used or second-hand cars are not covered by this policy. Additionally, imported or modified cars are also excluded from the coverage of this policy.
In case of theft of your car’s logo, you’ll have to file an FIR at a local police station and present it at the time of filing the claim. If you’re unable to furnish the FIR copy, your claim will not be approved.
Any loss or damage to your car’s logo due to reckless or inappropriate driving will not be covered by the policy, unless specified in the policy schedule.
Any losses or damages arising out of regular wear and tear of your car do not come under the policy coverage.
For each and every claim raised by you, you will be required to pay an excess amount, i.e. first 10% of the claim amount, towards your insurance claim.
The process to buy or apply for Car Brand Logo Insurance is simple and hassle-free. Here is the step-by-step process to complete your purchase of this insurance policy:
To raise a claim request, you need to contact our customer experience team within 24 hours of the incident through any of the following ways:
In case you have any queries or concerns regarding the policy coverage, application procedure, or claim-settlement, you can write to us at firstname.lastname@example.org.
Disclaimer - Bajaj Finance Ltd. (BFL) is merely a distributor of above Products, owned by CPP Assistance Services Private Ltd.(CPP). Issuance of these products is at sole discretion of CPP. This product shall be governed by CPP product T&C’s and BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This is not an insurance product and CPP Assistance Services Private Ltd. is not an insurance company. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”