Know how to buy/renew BMW X7 Car Insurance
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The BMW X7 is the pinnacle of luxury and performance in the BMW lineup. As the proud owner of this magnificent beast, protecting your investment should be a top priority. A comprehensive BMW X7 insurance policy is crucial to safeguard yourself from massive financial losses in case the unexpected occurs. Read on to learn more about BMW X7 car insurance and its benefits.
Owning a luxury vehicle like the BMW X7 comes with its fair share of responsibilities. Given its premium price tag, leaving it uninsured can prove hugely expensive in case of accidents, thefts or natural disasters. Here are some top reasons to buy insurance:
It is legally mandated for all vehicles plying on public roads to have at least basic third-party liability cover. Driving uninsured can attract heavy penalties.
Repairing high-end cars like the BMW X7 requires specialised skills and costs a bomb. Even a small dent or scratch can cost thousands. Insurance protects from paying massive bills.
You may be held liable for injuries or property damage caused to a third party due to an accident involving your car. It can run into lakhs based on the severity. Liability insurance covers such costs.
comprehensive car insurance policies provide extensive coverage against own damage, fire, riots, storms, floods, etc. It ensures your asset is protected against a range of risks.
Additional benefits like zero depreciation cover and NCB protection are available to further boost coverage. It offers peace of mind to BMW X7 owners.
Based on your needs and budget, you can choose from these popular insurance options for your BMW X7:
This basic cover meets legal requirements by covering injury or damage caused to a third party due to an accident. Damages to your own damage cover BMW X7 are not covered.
This is an exhaustive plan covering third-party car insurance along with extensive coverage for the insured BMW X7. It covers repairs, replacement, or total loss due to accidents, vandalism, natural disasters, fire, theft, etc. It is strongly recommended for luxury vehicles.
What is Covered
What is Not Covered
Here are some key inclusions in a BMW X7 comprehensive insurance policy:
Third-party bodily injury covers medical expenses, disability or death of a third party due to an accident.
Third-party property damage covers costs to repair or replace property damaged during the accident.
Own Damage (OD) cover pays for repairs or replacement of the insured BMW X7 along with parts like windscreens, alloys, etc.
Loss due to burglary, housebreaking or theft of the BMW X7.
Liabilities arising due to damage from riots, strikes, floods, storms, earthquakes, etc.
Though comprehensive insurance is extensive, some standard exclusions are:
Normal wear and tear due to the age of the car or parts.
Mechanical failures like engine seizures are not covered.
Damage outside the geographical boundaries of India is excluded.
Driving without a valid license, under the influence of alcohol/drugs.
Loss due to nuclear/chemical/biological weapon materials.
Useful add-ons to enhance coverage for the BMW X7 are:
Zero depreciation waives off deduction towards car parts depreciation during claims. This is useful for luxury cars.
NCB protection cover retains your No Claim Bonus even if you make a claim during the policy tenure. This keeps premiums in check.
Engine protection safeguards the BMW X7's powerful engine against damage.
Key replacement cover pays for replacing lost car keys, remote and locks.
Hydrostatic lock cover provides coverage against engine damage due to water ingress.
Consumables cover pays for items like nuts, bolts, engine oil, brake oil, etc., used during repairs.
Follow these quick steps to buy/renew BMW X7 insurance:
Visit your insurer’s website or download the mobile app.
Enter your BMW X7 registration number and personal details for quotation.
Choose the ideal insurance plan and customise it with needed add-ons.
Verify details carefully and proceed to online payment to instantly purchase the policy.
Renewals can be done via app/website by providing policy details.
Top insurers make the entire claim process smooth and convenient:
Step 1: Log in to your insurer’s app/website
Step 2: Tap on 'Claim Now' to initiate process
Step 3: Answer a few questions and upload photos, bills, repair estimates and other documents.
Step 4: For minor damage claims, payment is credited in real time into your bank account. For major losses, a representative from your insurance company will inspect the damages and guide the further process.
The BMW X7 is a prized possession that deserves the highest level of insurance protection. Buy adequate coverage, including useful add-ons from your insurer, to stay tension-free. Their user-friendly app and website make the policy and claims process super convenient. Invest in comprehensive BMW X7 insurance for complete financial peace of mind!
You will need to provide your car's registration certificate, KYC documents like driver's license, Aadhaar card and previous policy copies (if any).
You can use online insurance portals to compare quotes from leading insurers. Enter your BMW X7 details once to get quotes.
Yes, you can cancel within 30 days of purchase to get a pro-rata refund of the premium. Post 30 days, the refund will be as per the insurer's terms.
Accessories fitted on the BMW X7 by the showroom, like the music system, seat covers, alloy wheels, etc., are covered under comprehensive insurance without additional costs. However, any modifications or accessories installed after purchase, like body kits, turbochargers, etc., must be specifically declared at the time of buying insurance.