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

How Fixed Deposits Support Small Business Growth

Starting and expanding a small business requires financial support. As an entrepreneur, you may be wondering about the best financing options available to you. One such option that can provide stabili...

KNOW MORE

March 4, 2024

Secure Your Future With Fixed Deposit Investments In Rural & Semi-Urban India

In today’s fast-paced world, financial stability is essential for individuals and communities. For those living in rural and semi-urban areas of India, access to reliable investment options that...

KNOW MORE

February 23, 2024

FAQs Related to Pre-Owned Cars

As the name suggests, a used or pre-owned car loan is a facility offered to people who are looking to buy a used or pre-owned car. Such cars generally come with lower registration fees and insurance c...

KNOW MORE

June 29, 2023