Having a car insurance is a boon for car owners in India as it financially protects the policyholder/car owner from liabilities that he or she may incur from any mishap. There are two kinds of motor insurance available in India, comprehensive car insurance plan and third-party liability cover, and as per the Motor Vehicles Act it is mandatory that every car owner has a third-party liability cover at least. A comprehensive insurance plan covers both own damage liabilities as well as third-party liabilities while a third-party liability insurance plan covers only third-party liabilities that one incurs at the time of mishap. When it comes to filing your car insurance claim, there are a number of steps involved in the process. There are two kinds of claims that you can file; cashless claim and reimbursement claim.
Cashless Claim is when the policyholder can go and get his/her car repaired at any of the insurer authorised network garages without having to pay for the repairs. The process of cashless claim settlement involves the following steps:
Reimbursement Claim is when the policyholder gets his/her car repaired at any garage for which he has to pay and later get the amount reimbursed by the insurer. The process of reimbursement claim settlement involves the following steps:
There are a number of things that you should remember when filing a car insurance claim, a few of them are mentioned below:
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