When you should not file your Car Insurance Claim

• Protect yourself with third party or comprehensive cover
• Use bumper to bumper policies to reduce your liability
• Enjoy facilities like zero depreciation and roadside assistance covers

As per the Motor Vehicles Act it is mandatory for every car owner in India to insure his or her vehicle with at least a third-party liability cover. There are two kinds of insurance policies available in India, third-party liability cover and comprehensive car insurance policy. A third-party liability car insurance plan covers third-party liabilities alone while a comprehensive car insurance covers third-party liabilities as well as own damage liabilities incurred posta mishap. Having a car insurance will protect you against unforeseen liabilities at the time of a mishap and relieve you of unnecessary financial stress at the time.

There will be times, when raising a claim will be unnecessary.it is necessary that you know when to raise a claim and when you shouldn’t. If you raise claim only for the right situation, you can actually save on your car insurance. Analyse the situation you are in before going ahead and raising a claim. Given below are circumstances that you should avoid raising a claim for:

• For small damages that can be fixed easily

Small damages such as scratches, minor paint jobs, boken headlights, etc. can be fixed easily and tend to be inexpensive. In such cases, raising a claim will be futile for you financially and otherwise. When you raise a claim, you will have to pay the value of depreciation on car parts and deductibles which would be more than the cost of minor repairs. Also if you keep raising claims, it will affect your driving record and the insurers might hesitate to insurer your vehicle.

• Save the No Claim Bonus (NCB)

Not raising a claim for minor damages such as scratches, minor paint jobs, boken headlights, etc. will ensure that you don’t lose your No Claim Bonuses. No Claim Bonus is a discount on the insurance premium awarded by the insurer to the insured for every claim-free year. If you raise a claim, you will lose all your accumulated No Claim Bonuses.

• Let the Third Party Pay if at fault
• In case your vehicle is involved in an accident, and the accident was your fault, you will have to raise a claim or pay for the damages on your own. But, if a third party was involved in the accident and the mishap was his/her fault, you can file for a third-party insurance claim and allow the third party to pay for the vehicle damages or your injuries, etc. This will cover your liabilities that resulted from the mishap and will not falter your good driving record.

Therefore, not just having a car insurance policy but also knowing how and when to raise a claim will help save on your car insurance nd offer the best benefits of the policy to full extent.