What Is a Vehicle Insurance Own-Damage Claim?
You may file a claim for damage done after you buy car insurance for the insured automobile during an accident under your standalone damage cover or comprehensive auto insurance plan. *
To start the own-damage car insurance claim procedure, you must notify the insurer and provide the required paperwork.
- After that, the insurance sends a surveyor to the accident scene to assess the damage.
- You can make a claim for the costs of the damage or loss when the surveyor submits the report for approval.
- Also, you can select “cashless claim settlement” or “reimbursement claim settlement” here.
How Do I File a Vehicle Insurance Own-Damage Claim?
- Tell your insurer
As quickly as possible after the accident you must notify your insurance provider. The claim settlement process moves more quickly the earlier you notify. You must be aware that the coverage can only be invoked within the allotted number of days following the accident.
Beyond that time, any claim is not regarded as valid. To find out the specifics, you must either confirm it with your insurer or study the policy documentation.
- Assessment of damages
The damage or loss appraisal is carried out by the surveyor assigned by the insurance company after you have filed an FIR and informed your insurer.
- File an FIR
As soon as possible, file a First Information Report (FIR) at the local police station. If you want to make a car insurance claim, an accident report is essential. If at all feasible, report the accident as soon as possible after it occurs.
- Claim resolution
In the event of a cashless claim settlement process, the repair expenses are settled with the network garage upon receipt of the surveyor’s final report. However, if you choose the reimbursement settlement claim process, claims are settled after you give your insurer repair amount receipts.
You should be aware that while your insurance provider will contribute a necessary portion to the cost of repairing the car, you will still be responsible for paying a mandatory deductible.
Things to Keep in Mind When Filing Car Insurance Claims for Own-Damage
- Submit a claim within the time frame that your insurance has specified. Any delay could result in the claim being rejected.
- Get the names and phone numbers of any witnesses who were on-site at the time of the accident. When a policy inquiry arises, this might be of further assistance.
- It is advised not to file a claim if the damages are minor dings and scrapes that you may fix on your own dime. Since this could impact your bonus balance (known as NCB). *
- Don’t forget to write down the licence plate of the other vehicle that was involved in the collision.
- Use your smartphone to take pictures or videos of the scene of the event to hasten the approval of claim requests.
- Make sure you renew your car insurance on time so that you are always well covered.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.