BYD Atto 3 Insurance - Buy/Renew BYD Atto 3 Car Insurance

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The futuristic all-electric BYD Atto 3 has captured the imagination of eco-conscious car buyers in India. With its striking design, long range and host of smart features, the Atto 3 seems like an attractive option for those looking to switch to electric mobility.

However, owning this next-gen EV involves more than just driving it out of the showroom. Ensuring adequate insurance coverage is crucial to truly owning the BYD Atto 3. Let's explore the need and options for getting comprehensive car insurance for your prized BYD Atto 3.

Why Should you Buy Car Insurance for BYD Atto 3?

Having a valid car insurance policy is not just legally mandatory but also financially prudent for all car owners. For the BYD Atto 3 specifically, there are several compelling reasons to have insurance:

Covers Liability Towards Others

Car insurance, at the very least, provides third-party liability cover, which is mandatory by law. This covers any injury or damage caused by your Atto 3 to others on the road. Without this basic cover, you face unlimited liability.

Protects from Heavy Financial Losses

The BYD Atto 3 is an expensive EV with lots of technologically advanced features. In case of accidents, theft or damage, repair costs can be very high, putting a dent in your savings. Insurance covers these extensive repairs.

Offers Comprehensive Coverage

Along with third-party cover, own damage and other covers protect your car itself from various kinds of damage. It gives you complete peace of mind.

The Most Common Types of Car Insurance for BYD Atto 3

There are a few common car insurance policies that you can consider for the BYD Atto 3:

Third-Party Liability Only

This basic policy only covers injury or property damage liability towards third parties. There is no cover for damage to your own Atto 3. While it is affordable, this policy has limited utility.

Comprehensive Insurance

It is the most comprehensive and popular policy; it covers third-party liability along with extensive own damage cover. Provides end-to-end protection for your EV.

Standalone Own Damage Cover

If you already have a third-party policy, this add-on policy can be bought to cover only your own damage. Gives additional protection.

What is Covered

What is not Covered

What is Covered in BYD Atto 3 Car Insurance?

The BYD Atto 3 car insurance policy provides coverage against a host of risks subject to policy terms:

Third-party bodily injury and death
Third-party property damage
Damage to own car arising from accidents
Theft of car or its parts
Loss due to natural calamities like floods or lightning
Loss due to man-made disasters like riots, strikes, etc
Additional covers like towing charges or key replacement

What is not Covered by BYD Atto 3 Car Insurance?

While comprehensive, car insurance does come with a few standard exclusions:

Damages to the vehicle caused by driving under the influence of drugs/alcohol
Regular wear and tear of consumable parts
Losses occurring outside specified geographic limits
Mechanical or electrical breakdown of parts
Damage caused to the car by an unnamed or unlicensed driver
Losses occurring during war, nuclear explosion or radiation
Losses arising outside the insured time period

Add-ons for BYD Atto 3 Car Insurance

Some useful add-ons that enhance coverage for the BYD Atto 3 are:

Zero Depreciation Cover

Waives off depreciation to be applied on parts during claims to reduce payouts. Useful for new cars.

Engine Protector

Provides additional protection for critical and expensive EV components like the battery pack and motors.

Key Replacement

This covers the full cost of replacing car keys if they are lost or stolen.

Consumables Cover

Covers cost of oil, filters, etc., that may need to be changed after an accident while claiming settlement.

Roadside Assistance

Provides towing service, on-site repairs, etc., in case the car breaks down on the road.

Invoice Price Cover

Settles claim based on full invoice value instead of depreciated market value.

Benefits of buying ACKO car insurance for your BYD Atto 3

ACKO provides a superior insurance buying experience for the BYD Atto 3 owner:

Lower Premiums - ACKO offers very competitive premium rates compared to traditional insurers.
Digital Process - The entire policy process, from purchase to claims, is digital and hassle-free.
Instant Policy - Get your electronic policy copy instantly upon purchase completion.
Lifetime Support - Dedicated customer support team for any queries or claims assistance.
Flexibility - Customize your cover with optional add-ons as per your needs.

How to Buy/Renew BYD Atto 3 Insurance from ACKO

Below are the steps to buy or renew insurance for your BYD Atto 3 with ACKO:

Step 1) Visit the ACKO website or download the mobile app

Step 2) Enter the registration number and details

Step 3) Choose insurance type, add-ons and customized coverage and make premium payment digitally via cards, UPI, etc., to instantly buy or renew the policy.

4 easy steps to raise a claim

ACKO makes raising and settling claims simple:

Step 1 - Intimate ACKO of claim via the website, app, or call centre.

Step 2 - Take your car to the nearest garage. Inform if availing cashless facility.

Step 3 - The ACKO surveyor will inspect the damage and approve the covered amount.

Step 4 - For cashless, ACKO will directly pay the service centre for the approved amount.

Conclusion

To enjoy your futuristic BYD Atto 3 without worry, it's prudent to buy ample car insurance coverage from a reliable insurer like ACKO. The cashless digital process ensures your prized EV is protected against financial loss. Choose relevant add-ons and drive into the future safely insured!

Frequently Asked Questions on BYD Atto 3 Car Insurance

Frequently Asked Questions

Does the own damage cover for BYD Atto 3 also include coverage for parts like batteries and electric motors?

Yes, the standard own damage cover on comprehensive policies for BYD Atto 3 will include protection for all EV-specific parts like the battery pack, motor, etc.

Is there any limit on how much will be paid out for a claim under own damage cover for BYD Atto 3?

Yes, the max claim amount payable under own damage is restricted to the Insured Declared Value (IDV) of the car, which is based on the manufacturer's listed selling price and depreciation.

Can I get discounts on BYD Atto 3 car insurance premiums for membership in automobile associations?

Yes, most insurers offer a discount of 5-10% on own damage premiums for membership of recognized auto associations.

How does claim settlement work if my BYD Atto 3 is damaged beyond repair?

In case of Total Loss, the insurer will pay the full IDV of the car (subject to policy terms and depreciation), after which the car ownership will be transferred to the insurer.

Can I get BYD Atto 3 insurance if I modify the car with aftermarket fittings like alloy wheels, speakers, etc?

Yes, you can inform your insurer about aftermarket modifications done on the Atto 3 to get appropriate coverage at a slightly higher premium.

If I have to file a claim for my BYD Atto 3, what documents do I need to submit to the insurer?

You'll need to submit your policy copy, FIR or police report in case of theft/third party damage, repair estimates from the garage, RC copy and KYC documents like driver's license as applicable based on the claim type.