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Car insurance is mandatory if you want to drive a car in India. Not only does it cover legal liabilities, but it also covers accidental damages to your vehicle or financial losses arising from the theft of the vehicle and/or due to natural and man-made calamities. Read ahead to learn more about Ford Aspire Insurance and the benefits of buying car insurance online.
Car insurance is an integral part of owning a car. For a well-designed and premium compact sedan such as the Ford Aspire, it needs a car insurance policy so that you can be protected against financial losses arising due to accidental damages to your vehicle as well as third-party losses. Here are the benefits of insuring your Ford Aspire with the Comprehensive Car Insurance Plan:
Recover any potential repair costs arising due to accidental damages to your vehicle.
The insurer will pay for third-party losses, thereby shielding you against potential financial losses.
Insuring your car with Third-party insurance helps you to adhere to the law.
Option to include add-on covers to add value to the basic plan.
There are two types of car insurance plans for Ford Aspire. Third-party Insurance and Comprehensive Insurance. Below are the coverage details of these plans:
The Comprehensive Car Insurance Plan is a bundled insurance plan which includes both the Third-party Insurance and Own Damage cover. While the Third-party insurance provides financial protection against third-party losses and legal liabilities, the Own Damage component takes care of damages or losses arising due to damages or theft/total loss of your vehicle. This plan also has the option to include several add-ons which enhance the basic plan.
Third-party Car Insurance (also known as Third-party Liability) is mandatory as per The Motor Vehicles Act, 1988 and provides coverage against third-party losses. However, it does not cover damages or losses to your vehicle.
|Inclusions (Coverage)||Comprehensive Car Insurance||Third-Party Car Insurance|
|Third-party injury or damages to their property||✔||✘|
|Accidental damages to the insured Ford Aspire||✔||✘|
|Damages or losses arising due to vandalism, riots or such man-made calamities||✔||✘|
|Damages or losses caused due to floods, storms or such natural calamities||✔||✘|
|Theft of the insured car||✔||✘|
|Personal Accident cover (PA) (To be taken if not opted)||✔||✔|
|Modify Sum Insured amount (Insured Declared Value - IDV)||✔||✘|
The Comprehensive Car Insurance for your Ford Aspire comes bundled with the Third-party Insurance and Own Damage cover. Here are the coverage details of the Ford Aspire car insurance:
Damages to your car due to accidents.
Losses arising due to third-party injuries or damages to their property.
Damages or losses arising due to natural causes (floods, storms).
Damages or losses arising due to man-made calamities (riots, vandalism).
Loss due to theft of the car.
Damages or losses arising due to an explosion or fire.
Car insurance also comes with certain exclusions. Here are the details of the non-coverage details of the Comprehensive Car Insurance Plan:
Driving the car in a rash manner.
Driving the car under the influence of alcohol.
The car breaks down due to mechanical or electrical failure.
Losses or damages caused outside the specified geographical area.
Regular wear and tear of parts.
Driving the insured vehicle without valid documents.
If the policy has expired.
Add-ons are small coverage plans which enhance the scope of the basic plan. You can include add-ons with the Comprehensive Insurance Plan. Here are the add-ons that you can choose from:
During the settlement of claims against your policy, the depreciation of the motor parts being replaced will not be deducted, thereby getting the maximum claim amount.
Get coverage for personal belongings left inside the insured vehicle during an accident. The car insurance add-on will cover the repair or replacement of personal belongings such as laptops, smartphones, etc.
Get assistance during an emergency. Through the add-on, you can avail services such as emergency towing, fuel fill, minor repairs, etc.
Even if you register a claim during the policy period, the No Claim Bonus is protected so that you continue to enjoy the discount for the renewal premium.
Engine oil, nuts and bolts, screws, lubricants and such consumable items are not covered under the basic plan. This add-on provides coverage for the same.
Expenses arising from repair or replacement of internal parts of the engine, gearbox and differential assembly caused due to water ingression or oil leakage shall be covered under this add-on.
In case of theft of the insured vehicle or the insured vehicle is damaged beyond repair, the insurer will pay the difference between the invoice value and the Insured Declared Value (IDV) of the vehicle under this add-on cover.
The insurer will pay the cost of the insured vehicle’s key in case it is lost, stolen or damaged. It also covers the cost of repairing the lockset in case it is damaged.
ACKO is a digital-first insurer providing insurance through the online platform. The entire process is digital, making the experience hassle-free and easy. Here are the advantages of buying car insurance from ACKO for your Ford Aspire:
You can buy car insurance or file a claim online with zero paperwork. Additionally, the car insurance renewal can be done online. You can do this through the website ACKO.com or download the ACKO app to transact online.
ACKO settles claims for minor damages instantly. Damages such as a dent on the bonnet, broken rearview mirror will be settled instantly (within 2 hours) by transferring the claim amount directly to your bank account.
Get pickup and drop facility from your location. Our claims team will get the car repaired at the network garage and drop the vehicle back in three days. This service is available in select cities.
You can transact directly with ACKO without the need for an agent or middlemen to buy, renew the insurance policy or file a claim against the policy. Since there is no commission paid to the middlemen, the savings are passed on to you as low-cost insurance, thereby getting the right Ford Aspire insurance cost.
Get assistance from our insurance experts on matters related to buying, renewal of the insurance policy or filing a claim against the policy.
ACKO offers discounts and offers on special occasions and festivals so that you get the maximum advantage while buying the car insurance plan.
Claim settlement might seem difficult and complicated; however, with ACKO’s digital advantage, you can file a claim within a few minutes without any paperwork. Here are the steps to raise a claim against a car insurance policy:
Step 1: Visit our website ACKO.com or download the ACKO app.
Step 2: Login to your account with your registered mobile number.
Step 3: Under the insurance policy for your Ford Aspire, click on ‘Claim Now’.
Step 4: Upload the pictures of the damages to your vehicle and submit.
Step 5: For minor damages, ACKO will settle the claim instantly by transferring the money to your bank account. For major damages, our insurance team will guide you with the next steps.