Car Brand Logo Insurance

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.

• Car Brand Logo Insurance - Features & Benefits

• 

  High Coverage

  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:
  
  

  Sum Insured	Premium
  1,000	Rs. 19
  2,500	Rs. 49
  5,000	Rs. 99
  7,500	Rs. 149
  10,000	Rs. 199

• 

  Easy application process

  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.

• What is covered by the policy?

• 

  Burglary and theft

  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.

• 

  Up to 5-year old cars

  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.

• 

  Tenure of the policy is 1 year

  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.

• What is not covered by the policy?

• 

  New cars without registration

  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.

• 

  Cars older than 5 years

  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.

• 

  Second-hand cars

  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.

• 

  Claims without FIR

  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.

• 

  Loss or damage due to inappropriate driving

  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.

• 

  Loss due to wear and tear

  Any losses or damages arising out of regular wear and tear of your car do not come under the policy coverage.

• 

  Deductibles Applicable

  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:

Step 1: Click ‘Apply Now’ button at the top left hand corner of this page. Fill in the online application form with your basic details such as your name, mobile number etc.
Step 2: Authenticate your purchase application by entering the One Time Password (OTP) received on your registered mobile number.
Step 3: Complete the purchase by paying the premium amount using your preferred payment method, including net banking, UPI, mobile wallets, debit/credit cards, etc. Post payment, you’ll receive a confirmation of your policy purchase via SMS and e-mail on your registered contact details.

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:

a. Call 1800-266-7780 (24-hour toll-free helpline number) or 1800-22-9966 (only for senior citizens)
b. SMS ‘Claims’ to 5616181.
c. While raising a claim, you’re required to furnish the following documents:
    i. Duly-filled claim form
    ii. Registration Certificate of your car
    iii. Copy of FIR iv. Repair bills (in case of partial damage)