✓Save 80% on Premium ✓Zero Depreciation & Accessories Cover ✓Lock & Key Replacement Cover| Buy a Car Insurance Now!

About Strom Motors R3 Car Insurance

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.

Why is it important to buy Strom Motors R3 Car Insurance?

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.

Types of Insurance Plans offered for Storm Motors R3 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.

  • Comprehensive Insurance

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.

  • Third-Party Car Insurance

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.

Why choose Finserv MARKETS for Storm Motors R3 Car Insurance?

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.

Inclusions in Storm Motors R3 Car Insurance

  1. Damage caused by natural disasters

  2. Vandalism

  3. Fire

  4. Theft

  5. Damage to third party/passengers.

  6. Damage due to falling objects e.g. trees.

  7. Damage caused by riots/other forms of civil disobedience

  8. Personal accident cover

  9. Man-made calamities/hazards

Exclusions in Storm Motors R3 Car Insurance

  1. Damage due to natural disasters such as earthquakes, floods etc.

  2. Damage sustained due to an accident

  3. Personal injury caused by an accident

  4. Theft

  5. Damage incurred by the car, the reason for which is not driver’s negligence is also covered under the Storm Motors R3 insurance.

Add-ons to Strom Motors R3 Car Insurance

  • NCB Protection

This ensures that you do not have to pay claim bonuses every year, and offers a discounted premium.

  • Invoice Cover

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.

  • Engine Protection

If your engine experiences failure due to water damage etc that you did not explicitly cause, this add on will take care of that.

  • Roadside Assistance -

If your car breaks down, has a puncture or requires assistance, this will ensure you are provided with it.

  • Loss of Keys -

In case you misplace the original keys of your Strom Motors R3, this will ensure you receive a spare.

How to Apply for Storm Motors R3 Car Insurance

  1. Visit your website of choice from where you would like to purchase your car insurance.

  2. Input your car details, such as your licence plate number, and the model of the car.

  3. You now will be required to provide some additional information about your Strom Motors R3 such as the condition, age etc.

  4. This will bring up a list of available car insurance policies for your Strom Motors R3.

  5. Select the car insurance plan that is best suited to your needs.

Claim Process

  1. Notify your insurer as soon as possible if an accident has taken place.

  2. The company will send someone to inspect the damage and assess their exposure.

  3. You can now go ahead and give your car to your garage for repair.

  4. If the garage has a cashless facility, you can simply sit back and relax till your Strom Motors R3 is ready.

  5. If you need to make a reimbursement claim, proceed to provide all your receipts to the insurance company.

  6. Upon approval, you will receive the repair amount you spent back as a refund from your car insurance company.

Wrapping it Up!

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!

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs about Strom Motors R3 Car Insurance

  • ✔️Can I get lower premiums?

    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.

  • ✔️Do I have to get car insurance?

    Yes. It is by law, mandatory to insure your vehicle.

  • ✔️What happens if I do not renew my policy?

    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.

  • ✔️Can I make a claim if my car is stolen?

    Yes. Depending on the type of insurance you have, you can claim your insurance if your car has been stolen.

  • ✔️Can I renew an already expired car insurance policy?

    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.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!