Articles
Benefits of filing motor insurance claims on time
by Kanika Shelatkar Insurance ConsultantIt is compulsory to have four-wheeler
insurance before driving it on the Indian roads. So, whether you own a bike or
a car, you have to insure it before you plan to drive one. An insurance policy protects
you from financial liabilities that you can sustain due to third-party in case
of an accident by your car and pays for repairs as well if it gets damaged.
However, the coverage proposed to you by your insurance provider depends upon
the policy type.
There are two kinds of car
insurance plans provided by insurance companies – third-party insurance and
comprehensive plan. Third-party insurance is standard and mandatory plan, a
comprehensive scheme proposes extensive coverage, and you can select it if you
require more customised service from your motor insurance provider.
As the name suggests, a
third-party insurance policy, proposes insurance coverage for third-party
property and person in case of an accident by your vehicle. However, the
comprehensive plan offers protection for your four-wheeler with third-party
coverage. The premium of a third-party liability is less compared to the
premium of the comprehensive plan. But, when you file a claim, you must follow specific
steps as well as claim motor insurance on-time. Here are the reasons to claim car
insurance policy as soon as possible.
Promptly settle
insurance claims:
The insurance provider
starts the process of claim settlement as soon as you notify them. So, if you
want speedy claim settlement, notify the car insurance company as soon as the incident
occurs. Delay in intimidating them further delays the process.
Timely inspection:
The network garage starts
fixing your damaged vehicle only after getting an approval from your insurer.
And the insurer gives consent only after the investor assesses your vehicle. If
you inform the insurance provider on-time, the inspector gets appointed soon,
and the additional steps are taken timely.
Substantial losses:
If you notify your
insurance provider about the loss right after the accident, it may recommend
one of the nearest network garages. Additionally, it may coordinate vehicle’s
towing, depending on damage caused, and save you from subsequent loss. These subsequent
losses are do get covered in any type of four-wheeler insurance
and thus, you need to pay from your pocket for such damages.
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About Kanika Shelatkar 
Insurance Consultant
7 connections, 0 recommendations, 57 honor points.Joined APSense since, March 18th, 2019, From mumbai, India.
Created on Dec 2nd 2019 00:00. Viewed 402 times.
