Nowadays, purchasing car insurance is simple and quick. After paying the insurance premium, you must anticipate that your claim will be approved during the policy period.
However, sometimes your claims are denied due to your negligence. Learn how to ensure that your car insurance claim is granted in accordance with your policy.
Claiming is the process of requesting your insurer to compensate you for the cost of damage to your covered car caused by a misfortune such as an accident, theft, explosion, or natural disaster.
In accordance with your car insurance policy, the insurance company will evaluate the paperwork and commence the claim settlement procedure.
How to Ensure Your Car Insurance Claim Is Accepted
Claims for car insurance can be addressed effectively if the policy’s criteria are adhered to. Here are some recommendations to make the process of settling your car insurance claim more effective and efficient:
1. Identify the Claim Type
If your car is involved in a collision with a third party, you can either choose for the third party’s insurance coverage or file a claim under your own policy. If the collision was not your fault, you could file a claim under the third party’s auto insurance.
This will allow you to receive a discount on your car insurance renewal premium. If you are liable for the collision, you must surely file a claim under your car insurance policy.
2. Notify Your Insurer
The first step following an accident involving an insured car is to notify the insurance. Your claim may be denied if you fail to notify your insurance of the car accident within the required time frame. Every overlooked element can delay the claims settlement process. Consequently, it is recommended to notify your insurer of the incident as soon as possible.
3. File a FIR
As soon as your insured car is involved in an accident with a third party, you must file a police report at the nearest police station. A copy of the FIR must be presented to the insurance company in order to file a claim.
4. Acquisition of Relevant Data
For a successful claim, you must document how, when, and where the incident occurred. In addition, you must describe the damage to the car and the injuries to the driver and passengers. Having supporting documentation or evidence will facilitate the claims procedure.
5. Police Certificate of No Trace
In the event of theft or vandalism, you may be required to get a No-Trace Certificate as well as a copy of the FIR. The police authorities provide this certificate to indicate that the car is stolen and cannot be located. The No-Trace Certificate is a crucial document in theft claim settlement.
6. Developing the Claim
The final step involves filing a claim for compensation for the insured car. Once you have gathered the necessary documents to provide, you can file a compensation claim.
The documents consist of your car’s registration certificate, a copy of the FIR, a copy of your insurance policy, your driver’s license, a No-trace certificate (if the car has been stolen), and repair bills and receipts, among others. After your insurance verifies the paperwork, your claim will be settled accordingly.
Forms of Claims
There are two sorts of settlement alternatives for car insurance claims:
1. Cashless Claim
In the cashless claim settlement form of car insurance, your insurer will allow you to have your car fixed at a network garage that has a relationship with your insurer.
However, you are responsible for the deductible, which is determined when your premium and IDV are calculated. Your insurance will immediately pay the network garage for the cost of repairs.
2. Reimbursement Claim
Through the reimbursement claim, you are able to fix your insured car in your favorite garage by paying the repair bill and being reimbursed by the insurance company afterwards. After checking all documentation, the insurer will either approve or deny the claim.
If you adhere to the aforementioned instructions, your online car insurance claim will be properly processed. Some individuals choose an offline claim settlement, which can be a laborious and lengthy process.
Choosing online car insurance, on the other hand, simplifies the process of claim settlement. Online resource for car insurance information.