Benefits of filing motor insurance claims on time

by Kanika Shelatkar Insurance Consultant

It 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.

The next time you meet with a motor accident, inform your insurance company immediately. If tricky then process the claims immediately without further delay. You can call your insurance provider for intimation, and the customer representative assist you on how to file claims. By doing this, you settle the claims sooner. Besides, a single call to your insurance provider can save your time, money, and energy.