Insurance is like a safety blanket that we have for different parts of our lives. It helps protect us if something bad happens.
The pandemic has taught us the importance of being ready for surprises and how insurance helps protect us and our things, like our cars. It’s important to understand our car insurance policy so we know what to do if we need to make a claim. Here’s a list of things to remember when making a claim for your car insurance.
What is the Importance of Car Insurance?
Having comprehensive car insurance is very important for your car and your wallet. It’s required by law to have some form of insurance if you want to drive your car in India.
In India, all cars must have insurance by law. It’s a good idea to get comprehensive insurance that covers everything, not just the minimum required. Insurance helps you if something bad happens to your car, like an accident or natural disaster.
- Offering financial benefits to survivors in case the accident causes fatal injuries.
- Offering cover against potential lawsuits, including the legal fees, in case of legal proceedings following an accident.
- Offering coverage on bills pertaining to vehicle repairs following damage caused by accidents.
- Offering coverage in case of any other man-made or natural calamities causing damage to the car.
- Car insurance also permits customers to avail premium discounts for theft.
- Owning multiple policies with the same insurance provider also offers significant premium discounts.
- Comprehensive car insurance policies also enable you to extend coverage to other people driving your car with your permission, thus protecting you even when you are not behind the wheel.
- In case you do not raise any claims at the end of your policy or tenure, you will be eligible for a no claim bonus on renewals, as long as you meet certain predetermined terms and conditions.
What Does the Car Insurance Claims Process Entail?
The reason you buy insurance is so that if something bad happens, the insurance company will give you money to help pay for it. The most important part of insurance is how easily they give you the money when you need it.
If you buy a car and get insurance for it, you might worry about what to do if something bad happens and you need to make a claim. Here’s a guide to help you understand what to do if you ever need to use your car insurance.
An insurance claim is when you ask your insurance company to give you money to help with something bad that happened, like if your car gets damaged or your house gets broken into. The insurance company will check to make sure it’s true, and then they will give you some money to help fix the problem, based on what your insurance policy says they will cover.
Types of Claims
You can ask your insurance company to pay for your car repairs in two different ways. If you go to a garage that works with your insurance company, they will pay the garage directly. This is called the cashless method. It’s a good idea to check with your insurance company to see which garages they work with. This can help you get your claim sorted out faster.
In simple terms, if you go to a garage that works with your insurance company, they will pay for the repairs directly. But if you go to a different garage, you will have to pay for the repairs yourself and then get reimbursed by your insurance company.
After you fix your car, you can ask your insurance company to pay for the repair costs. You can also ask them to pay if someone else is asking you for money because of an accident. If you pay that person, your insurance might give you the money back, depending on what your insurance policy says. Here are some common questions people have when they are asking their insurance company to pay for car repairs.
