Car Insurance Claim Procedure

Car Insurance Claim Procedure
Car Insurance Claim Procedure

Car Insurance Claim Procedure

Car Insurance Claim Procedure, Motor vehicle insurance is mandatory in India under the Motor Vehicle Act 1988. Motor vehicle insurance is the insurance coverage of the risk to third parties arising from the use of motor vehicles and also covers the risk of damage to the vehicle.

Indians do not care about the life insurance plan or the medical insurance plan, but they are more concerned about motor insurance, whether they are driving a scooter or a bicycle or a car or a truck. It is mandatory otherwise, if anyone gets injured without an insurance vehicle, it will be treated as a crime.

Nowadays, everyone has their own vehicle, the roads are jam-packed with vehicles, the risk is high, as a result, car insurance companies are growing day by day and demands have also increased. But many times, policyholders do not know exactly what they can do to get their car insurance claims. Car Insurance Claim Procedure.

Here we explain the procedure how to claim your car insurance. This will help you a lot.

How to claim your car insurance

Car Insurance Claim Procedure, We will understand this procedure in some scenarios step by step so it will be very easy for us.

Car Insurance Claim Procedure
Car Insurance Claim Procedure

Property damage claim: If your car is involved in an accident, follow these steps to claim compensation:

Inform the insurance provider – First of all, you should inform the insurance company as early as possible and you should submit a duly completed claim form along with the necessary documents to the insurance company before sending the car to the workshop for repair. The forms are available on the insurance providers’ websites. Most insurance companies follow strict guidelines and this is mentioned in the policy documentation.

Lodge FIR – In some cases, the First Information Report (FIR) is required, so submit the FIR to the nearest police station for the safe side. Although it may not be mandatory for claims, it is advisable to file an FIR. It depends on the condition. Car Insurance Claim Procedure.

Assess the damage – When you inform the insurance provider, they will appoint a land surveyor who will assess/evaluate the damage to your vehicle. He will prepare a report and pass it on to the insurance company. You will also receive a copy and then you can move your car to the nearest network repair shop. Note: If the damage is serious, the land inspector will arrive at the accident site for investigation at the earliest.

Claims settlement – As soon as the insurance company receives the investigation report, they will analyze the claim and send approval to the workshop. The garage must provide an estimated price for the repair of the vehicle and deadlines for the same. The insurance company will contact the network site to get an overall overview of the extent of the damage and the way the repair work is going. Car Insurance Claim Procedure.

Car Insurance Best Rates

When the work is completed, take the duly signed bills and documents from the workshop and submit them to the land surveyor. Surveyor sends it to the insurance company.
If all documents are completed, the insurance provider will refund your bills. Please note that there will be some mandatory deductible and variable deductible components as set out in the policy document. Once your damage is settled and your car is in order, you can drive again.

Car Insurance Claim Procedure, Car insurance claim process for a third party claim: -If you are responsible for an accident in which a third party suffers damage or property damage, here is what you need to do:

Inform the insurance provider – First and foremost, you need to inform your provider as soon as possible. Also, remember not to take on financial obligations to third parties.
Lodge FIR – Log FIR at the nearest police station and also save a copy of FIR for future reference.

Car Insurance Claim Procedure, Share policy document – You should mandatory share a copy of your car insurance with the third party so they can raise a claim on it.
Requirements by the Motor Tribunal – Pursuant to the Motor Vehicles Act 1988, third-party liability claims are raised by the Motor Accident Claims Tribunal (MACT). The claim can be raised by a third party at the board closest to his / her residence or yours.

Car Insurance Claim Procedure, After receiving all the documents, the insurance provider will verify the documents and assess the accident and if it is found satisfactory, you will have a lawyer appointed by them.

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