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Operating a four-wheeler involves a number of risks, but insurance may protect you from them. Third-party liability insurance is mandated for all car owners in India by legislation. You cannot operate the desired vehicle if third-party insurance is not in place to safeguard it. Additionally, the insurance company must be contacted as soon as possible after a mishap.
If the claim is legitimate and the accompanying documentation is reviewed, the insurance company pays for the car’s damages.
The claim-handling process for personal property insurance will be covered in this blog. So, if you’re wondering about the procedure for filing a claim for your damage under your car insurance and you’re thinking about how to do it, keep reading.
Understanding Own Damage Car Insurance
There are several extra expenses associated with buying a vehicle. If the car is damaged by a natural disaster, such as a storm, earthquake, flood, etc., own damage auto insurance can be useful.
Along with providing compensation for natural disasters, it also covers man-made disasters, vandalism, rioting, and terrorism attacks. You can also extend the scope of coverage by adding riders to the insurance with an Own Damage Cover.
Learning How To Claim Car Insurance For Own Damage Step-By-Step
Do not worry if you are unsure of the procedure to follow to file a claim for your vehicle harm it is a fairly organized procedure. An in-depth understanding of the procedure is necessary to submit a claim after a mishap to your auto insurance company.
Following is a list of the procedures for filing an insurance claim for auto damage.
1)Notify Your Insurance Company
Call your insurance company to let them know what happened and what damage was done to the vehicle. Make sure you don’t withhold any information from your insurance because doing so might make it more challenging to settle disagreements.
2)Report An FIR To the Police
After the accident has been reported to the police, an FIR should, if required, be filed as soon as is practical. On the other hand, if the damage consists only of minor scrapes and dents, you might not need to submit an FIR. You’ll require it if a third party is engaged in the incident as well.
3)Use Photographic Proof
Take as many pictures of the crash scene and the damage as you can. Make sure that the images are clear and the injuries are visible to allow the own damage insurance provider to determine the extent of the material damages and properly settle the claim.
4)Provide The Insurance Company With The Necessary Documents
To process the claim, the insurance company requires specific paperwork, such as a printout of the insurance policy, the FIR, the owner’s license, the driver’s copy of the car registration certificate, and all other necessary documents.
5)Fix Your Car
You could bring your vehicle to a store to get fixed. You could, however, ask your insurance company to cover the cost of fixing the vehicle. If the underwriter approves your claim, you will either receive compensation for your loss or be made whole.
6)Claim Settlement Process
When a claim is settled without the use of cash, the repair costs are placed with the network garage as soon as the surveyor’s final report is received. If you opt for the reimbursement settlement claim technique, claims are settled after you offer your insurance the repair cost receipts.
You should be aware that even though your damage insurance provider will contribute a crucial part of the cost of repairing the car, you will still be responsible for paying a necessary deductible.
Documents Required To Claim Car Insurance For Own Damage
To settle the reimbursement and file a claim for the damaged cars, specific paperwork is required. These are the records you’ll need to submit a vehicle insurance claim for your damage.
- a copy of the insurance contract on paper.
- a printout of the FIR Record from the police department.
- Document of Claim Completely Filled Out and Signed.
- a duplicate of the registration certificate for the vehicle.
- a copy of the driver’s license currently in effect.
- information on the estimated repair costs.
- In cases of bodily injury, original copies of the medical receipts are necessary.
- a duplicate of any original receipts for additional expenses.
Points To Remember While Raising Own Damage Car Insurance Claims
- Inform your insurance company right away and without delay. The time typically starts no later than 24 hours following the event. If there is a wait, there is a possibility that the claim won’t be approved.
- Inform the police if required. If necessary, make sure the FIR is submitted to the local police office.
- Establish the facts and submit the proper claim. For instance, you can use the No Claim Bonus (NCB) rather than claiming if the dent is minor and inconsequential.
- Make sure you have the right details before submitting the claim form. Don’t, for instance, give fake contact or identifying information that could undermine your claim.
- In the case of an accident, follow legal requirements and law department procedures. Additionally, compile all the paperwork needed to submit a claim.
- Try to delay coming to an immediate settlement with the third party to avoid unanticipated issues. Avoid getting into a fight with the third person as well. Try to come to a mutually acceptable conclusion to minimize any needless misunderstanding.
You have the option of filing your damage claim if an accident results in loss or harm to your insured vehicle. You must demonstrate the occurrence of the accident-related loss or damage before your insurance provider will pay for the repairs and medical expenses associated with the mishap.
Last but not least, compared to a typical auto insurer, personal auto damage insurance is more expensive. The rate is based on the vehicle’s IDV.
You should pay close attention when updating your auto insurance because it’s crucial to take the age of the vehicle into account. It’s also essential to renew comprehensive insurance on time to avoid having to pay for pricey car repairs.