People also take vehicle insurance. However, many times after taking motor insurance, one has to face a lot of problems in the claim when needed. In such a situation, some things should be kept in mind so that the motor insurance claim can be done quickly and without any hindrance.
Vehicle Insurance Claim: The number of vehicles on the roads is increasing day by day. Meanwhile, people also take Motor Insurance. However, many times after taking motor insurance, one has to face a lot of problems in the claim when needed. In such a situation, some things should be kept in mind so that the motor insurance claim can be done quickly and without any hindrance.
A policyholder should understand the exclusions on coverage and follow all necessary compliance procedures. Insurers may reject a claim for a number of reasons, including driving without a valid driving license, delay in filing the claim, violation of traffic rules, participating in a car rally, etc.
It is important to inform the insurance company immediately to avoid delay in claim. In case the vehicle is stolen or meets with an accident, the policyholder has to lodge an FIR at the nearest police station and submit a copy to the insurer. A surveyor from the insurance company will see the extent of damage, estimate and inform the repair cost to the insurance company.
In case you fit the CNG kit in the car, inform the insurer at the time of renewal of the policy. The insurer will then add this to the cover and update the premium. If the insurer is not told about it, the claim will be rejected. If the insured vehicle is declared as personal and used for commercial purposes, the insurance company will reject the claim.
On the other hand, if the accident occurs outside the geographical area defined by the company, then the insurers will reject the claims. Driving under the influence of alcohol or drugs can lead to claim rejection. Read the terms and conditions of the insurance policy carefully to avoid rejection of any claim.
