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The 2020 Hyundai Venue was launched by the Korean car manufacturer in the popular sub-compact Sports Utility Vehicle (SUV) segment in India back in May 2019. The Hyundai Venue is available in both petrol and diesel models with best in class features along with ‘Connected Car’ technology. Read on to learn about the features of the Hyundai Venue car insurance.
All motor vehicles in India should be insured at least with third-party insurance as this is mandated by the Motor Vehicles Act. Failure to insure the vehicle will lead to penalties. Apart from being a mandatory document of the vehicle, third-party car insurance covers third-party liabilities, which includes third-party life and property. However, it does not cover damages to the insured vehicle.
For this, you need to buy the comprehensive car insurance to cover damages to the insured car. Insurance for your Hyundai Venue will certainly offer protection in case of an unforeseen accident that leads to losses or damages to your vehicle as well as those of the third-party. Hence, car insurance for your Hyundai Venue offers peace of mind since it protects you financially in case of any unfortunate accident.
Motor insurance policies are mainly of two types: Third-party and Comprehensive. Each insurance plan offers different benefits and features.
The third-party car insurance plan is mandatory insurance and is the most common plan available in the market. Under this plan, losses or damages caused to third-party life or property are covered. Read: First Party Vs Third Party Car Insurance
Under the comprehensive plan, the insurance company will cover losses or damages to third-party life/property as well as damages to your car. While this may not be mandatory, it is an extensive coverage compared to the Third-Party plan.
|Types of Loss/Damage||Comprehensive Plan||Third-Party Plan|
|Loss or damage to Third-party life or property||✔||✔|
|Loss or damage to the insured car||✔||✘|
|Loss or damage due to man-made or natural calamities||✔||✘|
|Personal accident cover||✔||✔|
|Loss due to theft of the insured car||✔||✘|
|Inclusion of Add-on covers||✔||✘|
|Customization of the sum insured||✔||✘|
Through the car insurance for your Hyundai Venue, the Comprehensive insurance covers several losses and damages to your vehicle. Below is what’s covered in the Hyundai Venue Insurance:
Loss or Damage Due to an Accident
Loss or Damage Caused to Third-Party Life or Property
Theft of the Insured Vehicle
Loss or Damage Due to Natural Disasters
Loss or Damage Due to Man-Made Calamities
Loss or Damage Due to Fire
Loss or Damage Due to Personal Accident
Like all insurance policies, car insurance also comes with exclusions. Read on to find out what is not covered under the Hyundai Venue car insurance:
Regular Wear and Tear
Mechanical and Electrical Breakdown
Driving with Invalid Driving Licence
Driving Under the Influence of Alcohol
A standard or basic comprehensive Hyundai Venue car insurance does not offer exclusive benefits. This can be had with Add-on covers. Below is the list of Add-ons for Hyundai Venue car insurance:
No Claim Bonus (NCB) Cover
Engine Protection Cover
Return to Invoice Cover
With the advent of digital transactions, the experience of buying/renewing vehicle insurance has become faster and easier. Some of the main benefits of buying Acko car insurance for Hyundai Venue are.
You can purchase or renew car insurance online anytime, anywhere and directly from Acko’s website or mobile application.
With most of the transactions being through the digital mode, the claim settlement process is efficient and quicker than the traditional insurance process.
Acko provides unbiased advice to customers related to any queries regarding insurance for your vehicle.
The procedure to raise a claim for your Hyundai Venue is simple and hassle-free if you have purchased it from an online insurance company such as Acko. The process is easy to follow and there is no paperwork. Below is the claim process for your Hyundai Venue:
Visit the insurance company’s website such as www.acko.com
Sign-in with your login and password.
Under your Hyundai Venue car insurance policy, click to raise a claim.
Upload the images of the damaged vehicle.
The insurance company will pick up your vehicle to get it repaired at one of the network garages.
The insurer will deliver the car once the vehicle is repaired.
You can also choose the reimbursement method, but you need to inform the insurance company immediately about the same.
Below are some of the frequently asked questions about Hyundai Venue car insurance.
The insurance cost for a Hyundai Venue depends upon the year of manufacture, the variant and the location where the vehicle was registered. Based on the age and the type of variant and the location, the insurance price for the Venue will differ. You can visit Acko’s website to get the Hyundai Venue insurance price.
While the traditional method requires a physical copy of documents such as previous policy documents, identity proof, address proof and photographs of the owner-driver of the vehicle, the new-age process through online is a lot easier and does not require physical copies. Through the online process, you need to enter details such as your full name, address, car model details, registration number of the car, previous policy number, details of the previous policy details such as No Claim Bonus (NCB) percentage and confirm if the previous policy has expired or not.
Buying car insurance has become a lot faster and more efficient with the advent of digital insurance companies who offer online modes of buying the insurance. You can visit the insurance company’s website or their mobile app to buy car insurance for your Hyundai Venue.
The yearly insurance cost for your Hyundai Venue depends on the manufacturing year of the model, the type of variant and the location of the vehicle. Also, it can differ between insurance companies. You need to research more about the insurance price offered by various insurers before you can select the right car insurance for your vehicle.
Yes, you can switch to a new insurance company when your current insurance policy is due for renewal. All you need is the existing policy number, the registration number of your car, the percentage of NCB, your name and address to renew Hyundai Venue car insurance.
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