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BMW X3 M40i

BMW X3 M40i Car Insurance

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BMW X3 M40i

Home / Car Insurance / BMW Car Insurance / BMW X3 M40i Car Insurance

Highly efficient, silently bold, dynamically balanced, and extremely comfortable – the BMW X3 M40i is in a class of its own. The luxury this SUV carries as it glides down the roads it travels through is only matched by its performance. Being reckless about its financial protection is a big no. An insurance policy for this powerful and glorious machine is an absolute must. 

Read on to learn about the basics of car insurance policies and their criticality.

Why you should buy car insurance for BMW X3 M40i
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Compliance
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 In India, it is illegal to drive a car without adequate insurance. A valid insurance policy is mandated by the government if you want to drive your BMW X3 M40i on Indian roads.

Security
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Repairs and replacements for damaged parts of your car due to unfortunate and unforeseen circumstances can cost you a lot. You can minimise these risk-related costs with an Insurance policy.

Car theft
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Another unfortunate and common risk against which financial protection is highly recommended. An insurance policy will reimburse you in case your car gets stolen.

Add-on benefits
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Insurance policies allow an exhaustive list of intelligent add-ons that you can opt for based on your needs.

The most common types of car insurance for BMW X3 M40i
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Third-Party Liability Coverage
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Insures against costs that arise due to damage or injury to a third-party vehicle, individual, or property because of your car.

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Comprehensive Insurance Coverage
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This kind of insurance covers more than just third-party car insurance. It also covers damages to your car in various cases and allows for add-ons to your insurance policy.

What is Covered

What is Not Covered

What is covered in BMW X3 M40i car insurance?
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comprehensive car insurance policy for your BMW X3 M40i would typically cover costs for:

  1. Damage caused by your BMW X3 M40i to a Third Party (in the form of payments & legal costs).

  2. Damages to your own BMW X3 M40i car (repairs, replacements, etc.).

  3. Man-made disasters that damage your car (riots, terrorist attacks, civil unrest, vandalism, etc.).

  4. Damages to your car due to natural disasters like earthquakes, landslides, floods, lightning, etc.

  5. Fire damages. Includes total unit replacement if your BMW X3 M40i car is burnt beyond repair.

  6. In-transit damage while your car is being transported via air, rail or road.

What is not covered by BMW X3 M40i car insurance?
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A Comprehensive Car Insurance policy for your BMW X3 M40i would typically exclude costs for:

  1. Normal wear and tear due to the natural course of time and repeated usage.

  2. Damage caused to the car due to drunk driving.

  3. Damage caused due to failures in mechanical and/or electrical systems.

  4. Any damage incurred while driving without a license.

Add-ons for BMW X3 M40i car insurance
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  1. NCB Protection Cover - Even if you make a claim, your No Claim Bonus will be covered.

  2. Return to Invoice: If your car gets stolen or is damaged beyond repair, this coverage allows you to get compensation equivalent to its original monetary value when you buy it.

  3. Roadside assistance: A mechanic or a tow truck will be sent to aid you in case your vehicle breaks down in the middle of the road

  4. Zero depreciation: Lowers out-of-pocket costs by waiving off any deductions that could count towards the depreciation of car parts in case of repairs.

  5. Outstation Emergency Cover: For costs incurred on damages caused to your vehicle during an outstation trip.

  6. Coverage for accessories: Any damage to the navigation system, music system, etc.

Benefits of buying ACKO car insurance for your BMW X3 M40i 
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Below are some of the reasons why you should get your car insurance from ACKO:

Zero paperwork: Browse and purchase any kind of insurance you want on the website or app, just like online shopping! 

Total transparency: You only pay the insurance premium, and that’s it. No fees, no commissions, no middlemen, and no hidden charges.

Dedicated support: 24x7 assistance by highly trained experts – anytime, anywhere. 

Hassle-free process: Buy or renew your car insurance policy anytime, anywhere, on the ACKO website or app.

Rapid settlements: Without paperwork, online claim settlement processes are quick and easy. 

Expert guidance: Trained specialists will provide you with step-by-step dedicated assistance at every turn.

Network garages: Avail cashless services at any of our large number of partner garages across the country.

How to Buy/Renew BMW X3 M40i Insurance from ACKO
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Easily buy or renew your ACKO BMW X3 M40i Insurance policy

  1. Download the ACKO mobile app or visit our website

  2. Enter the registration number of your BMW X3 M40i and click on ‘Check Prices.’

  3. Enter your previous policy details (if any)

  4. Browse and select your preferred plan and add-ons

  5. Pay the premium online

4 easy steps to raise a claim
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  1. Log in to your ACKO profile on the web/app

  2. Click on ‘Claim Now’

  3. Answer the questions

  4. Upload the necessary documents

In case of minor damages, you will receive an instant car insurance settlement. In case of major damages, a representative will reach out to you.

Conclusion
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Being in a class of its own has its own responsibilities. Hope that we were able to help you with the relevant information you need to make an informed choice about your car’s insurance policy. All the best to you. Feel free to reach out to us for any support you need.

Frequently Asked Questions on BMW X3 M40i Car Insurance
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FAQs

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Can I get discounts on own damage premiums?

Yes, you can get discounts on own damage premiums by opting for voluntary deductibles. A higher deductible means a lower premium outgo.

Can I insure accessories like roof wraps, body kits, etc?

Yes, you have to specifically declare and pay an extra premium for covering aftermarket accessories under motor insurance.

How can I get a No Claim Bonus discount while renewing my BMW car insurance?

If you have made zero claims during the previous policy period, ACKO will automatically apply the No Claim Bonus (NCB) discount on the premium during the renewal process. The discount depends on how many claim-free years you have. The discount goes up to 50% for five consecutive claim-free years.

Do I need to upload any documents while filing a claim on ACKO?

No. Typically, you need not upload any documents while filing a car insurance claim on ACKO. You just need to upload the photographs of the damaged vehicle. But in special cases such as theft, you may have to upload the necessary documents to process the claim.

Is third-party car insurance sufficient for my BMW car?

A third-party car insurance policy may not provide adequate coverage for your vehicle as it only covers third-party losses. Consider purchasing a Comprehensive Car Insurance Policy for all-around coverage, including third-party and Own Damage cover.