Insurance companies sometimes do not settle or reject your car insurance claim immediately. In case the claim is not approved, you have to pay out of pocket to get the damaged car repaired. Let us know how you can claim your car.
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If you are planning to buy or have already bought a vehicle, then it is necessary to take a vehicle insurance policy for that. This gives you financial security to cover expenses related to any kind of accident, theft. Many times the claim gets rejected while buying a vehicle insurance policy. It is very important to know the necessary terms and conditions while buying a policy. Many times mistakes happen due to lack of knowledge of the terms of the policy and insurance companies can reject your claim.
Today let us tell you which documents and conditions are necessary under the car insurance policy so that the insurance companies can settle your car insurance claim immediately. Let us tell you that if the claim is not approved, you have to pay out of your own pocket to get the damaged car repaired.
Private car commercial
Under the Motor Vehicle Act, the insurance cover for commercial vehicles and the laws are different. In such a situation, if you use your personal car commercially, then in the event of an accident, the insurance companies can reject your claim.
You can Modify the car
If you have modified or installed accessories in your car during the policy term, then definitely inform the insurer while renewing the policy. Otherwise, you will not get the benefit of car insurance as the insurance company includes the additional accessories in the new policy only after inspecting it and charging the required premium. So take care of this while insuring.
Fake claim can be heavy
While buying an insurance policy, people hide important information related to the car to save money. Or many people also make fake claims. In most of the cases, the claim gets rejected for both these reasons. The insurance company can also take legal action on getting information about the fake claim.
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