covers your car against risks like theft, accident, explosion etc.
Buying motor insurance is an unsaid duty when one buys a car. The different policies must be studied and the best insurance plan must be decided when you decide upon the car. Investment in motor insurance must be a part of your budget allocated for buying a car. Once the best vehicle insurance is identified and the initial investment is made, then the premiums will become a part of our monthly expenses and Claim benefits will become useful returns of our investment.
Third party Liability Cover
Comprehensive Car Insurance
The insurance cover provided by each Policy differs and the buyer must be aware of the cases under which he cannot file a claim:
Before buying vehicle insurance there are certain aspects you need to know that could help you choose better. Vehicle insurance can be customized to meet your requirements if you follow certain criteria. Few of the common selection criteria are:
Your driving habit
Your vehicle make and price
Personal or business purpose
Risks and claim probability
When your vehicle is involved in an accident, before making an insurance claim you need to analyze the damage. It is an unsaid rule of claim procedure. Damage analysis is done to save you upon two things: first is to find out the total repair costs and compare it with your deductible, if Deductible is higher than repair costs, making a claim is unmindful. Secondly if the repair costs are affordable you could spend it from your pocket rather than claiming because a claim free year can fetch you several benefits the following year or the next time you make a claim.
And after the damage analysis has been done and if the decision is to make a claim then you must be well prepared with the details required to make a claim. These include claim form, copy of FIR, copy of policy details and other necessary driver documents. With all these documents you can make a claim and ensure that the documents are accurate enough to please the insurance company to get your claim approved. Once the claim is approved you could either avail cashless servicing or do service from a garage of your choice and claim Reimbursement later.
Maintain a strict record of all your paperwork and expenses to claim reimbursement or for future reference.
Claim documents must be filled carefully and intentional omission of any detail could lead to rejection of claim.
Be aware of all the policy details and exclusions. Making a claim that is clearly mentioned as exclusion could cost you dearly. You wouldn't be eligible for a No Claim Bonus even if you make an ignorant claim.