Having announced the vehicle a few years back, Strom Motors is all set to launch its R3 for consumer purchase in the near future. With this upcoming launch, if you are considering purchasing the Storm Motors R3, you might also be interested in the car insurance option on offer for the vehicle as well. Let’s take a look.
While getting car insurance for vehicles is mandatory by law, it has a number of benefits.
You are shielded from some of the financial risks if an accident takes place, and with comprehensive car insurance for your R3, you and your passenger will be covered for any medical bills if required.
If your car is stolen, your Strom Motors R3 insurance will take care of that as well. These are but a few of the reasons why we should get car insurance.
There are primarily two kinds of car insurance you can get for your R3. The first being Comprehensive Car Insurance that includes all the possible bells and whistles and the second, Third-party Car Insurance that offers limited facilities for a lower price.
As part of this insurance plan for your Strom Motors R3, you receive effective coverage against the instances mentioned below in the ‘inclusions’ section. As part of this Strom Motors R3 insurance plan you receive coverage against accidents, coverage for your passengers in the event of an accident and even coverage against theft and own damage to your R3.
The more affordable of the two, Third-party car insurance offers you all the basic coverage you require for your car such as coverage against injury/death, third-party damage to the vehicle and personal accident cover, some features such as coverage against own damage to your R3 cannot be found as part of this insurance type.
Finserv MARKETS has a wide selection of car insurance policies that you can browse to choose the best for your needs.
Given that R3 is a more affordable car, you would want to pick a car insurance plan that is in line with this, and preferably not too exorbitant on the price.
With the various product details and features on the Finserv MARKETS website, you can easily narrow down your options to get a car insurance policy that best suits the needs of you and your R3.
Damage caused by natural disasters
Damage to third party/passengers.
Damage due to falling objects e.g. trees.
Damage caused by riots/other forms of civil disobedience
Personal accident cover
Damage due to natural disasters such as earthquakes, floods etc.
Damage sustained due to an accident
Personal injury caused by an accident
Damage incurred by the car, the reason for which is not driver’s negligence is also covered under the Storm Motors R3 insurance.
This ensures that you do not have to pay claim bonuses every year, and offers a discounted premium.
This add-on for your Strom Motors R3 ensures that you get the price of your vehicle that is mentioned on your bill/invoice, and not the market value, which is likely to be lower than the invoice amount.
If your engine experiences failure due to water damage etc that you did not explicitly cause, this add on will take care of that.
If your car breaks down, has a puncture or requires assistance, this will ensure you are provided with it.
In case you misplace the original keys of your Strom Motors R3, this will ensure you receive a spare.
Visit your website of choice from where you would like to purchase your car insurance.
Input your car details, such as your licence plate number, and the model of the car.
You now will be required to provide some additional information about your Strom Motors R3 such as the condition, age etc.
This will bring up a list of available car insurance policies for your Strom Motors R3.
Select the car insurance plan that is best suited to your needs.
Notify your insurer as soon as possible if an accident has taken place.
The company will send someone to inspect the damage and assess their exposure.
You can now go ahead and give your car to your garage for repair.
If the garage has a cashless facility, you can simply sit back and relax till your Strom Motors R3 is ready.
If you need to make a reimbursement claim, proceed to provide all your receipts to the insurance company.
Upon approval, you will receive the repair amount you spent back as a refund from your car insurance company.
Having car insurance is mandatory for everyone, and offers a number of benefits as well. If you plan to own a brand new Strom Motors R3 in the future, you will need to make sure that you are financially protected in case of any sort of accident. You find a number of car insurance policies available on the Finserv MARKETS website. So, get yourself your electric car insurance through Finserv MARKETS, today!
Technically, you cannot fill out a form to reduce premium payments. However, working around the factors that contribute most to premiums such as the age, condition and engine of the car you could potentially get lower premiums.
Yes. It is by law, mandatory to insure your vehicle.
If you are caught operating a vehicle without an appropriate insurance, then this can be grounds for your driver’s licence and vehicle’s registration to be cancelled.
Yes. Depending on the type of insurance you have, you can claim your insurance if your car has been stolen.
Yes. Even if you have a car insurance policy that has already expired, you can still renew it and should do so as soon as possible.