login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Motor Insurance – Courtesy/hire car

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

2 mins read

We will arrange for the Courtesy/Hire car to reduce your inconvenience if insured Vehicle is damaged by a covered peril mentioned in section 1 (Own damage) of the policy.

A Courtesy/Hire car is not intended to be an exact replacement of vehicle in terms of its size, segment, type, value or status.

Courtesy/Hire car will be made available within 24 hours of Vehicle reaching the garage or the time of intimation of claim to us, whichever is later excluding weekends/national holidays, provided time required for repair of vehicle is greater than 24 hrs or it is a claim for total loss/theft of entire vehicle.

Company will pay for the Courtesy/Hire car for a maximum period of 10 days in case of repair claim and 15 days in case of theft/total loss claim during the period of Insurance. In case of theft, if the vehicle is recovered earlier, then our liability to pay under this cover ends on the day police authority informs You to take delivery of the vehicle plus 2 days.

Courtesy/Hire car will be provided for 8 hrs or 80 Km per day whichever is less.

The terms and conditions of the Hire Car Company will apply.

You will be given a copy of the Hire Car Company’s terms and conditions when the hire car is delivered to you.

Entitlement of Courtesy/Hire car, in case of repair claim, will be for the duration Your vehicle is in garage for repair and shall end on the day garage intimates completion of repair and readiness of the Vehicle for delivery irrespective of claim settlement.

Related articles

Corrugation Machines and How to get a loan for Corrugation Machinery | Mahindra Finance

The unassuming cardboard box might seem simple, but its journey from tree to shelf involves a complex hero: the corrugation machine. This industrial marvel transforms flat sheets of paper into the stu...

KNOW MORE

February 14, 2024

The Rise Of Online FDs: A Guide To Investing In Fixed Deposits Online

In today’s digital age, convenience is key. From shopping to banking, everything is just a click away. And now, even investing in fixed deposits (FDs) has become easier with the advent of online...

KNOW MORE

February 23, 2024

How to Apply for a Tractor Loan

Financial institutions provide loans to farmers to purchase new or used tractors. The tractor may be used either for agriculture or for commercial purposes. Such loans have several beneficial features...

KNOW MORE

June 29, 2023