What Is A Car Insurance Own-Damage Claim?
You may file a claim for damage to the insured car during an accident under your standalone damage cover or comprehensive car insurance plan. You must notify the insurer and provide the required paperwork to start your own damage car insurance claim procedure. Claims are subject to terms and conditions set forth under the car insurance policy.
After that, the insurer dispatches a surveyor to the accident scene to assess the damage.
You can claim the costs of the damage or loss after the surveyor submits the report for approval. Additionally, you can select “cashless claim settlement” or “reimbursement claim settlement” here. Let’s first understand the distinctions between these two claim settlement procedures before we go into more detail about these terms.
Claim Settlements By Types
A comprehensive car insurance policy has two different claim-handling procedures:
- Cashless Payments: One of the network garages your motor insurance provider has listed can fix your car using this process. Since the insurer directly settles the claim amount with the network garage where your insured vehicle is sent for repair, the entire process is cashless. According to the policy terms, the policyholder must only pay the mandatory or optional deductibles (whichever was chosen when the insurance plan was purchased).
- Settlement Of A Reimbursement Claim: In this procedure, you take your car to a non-network shop for repairs and split the cost with the insurance company to receive reimbursement. Put another way, you pay for the repairs at the shop of your choice and then submit a claim to the insurer to reimburse the costs. The insurer guarantees to pay the reimbursements to your bank account after assessing the damage and adjusting any applicable deductibles.
Claims are subject to terms and conditions set forth under the car insurance policy.
How Do I File A Car Insurance Own-Damage Claim?
Follow these simple steps to understand the process of how to claim car insurance under your standalone damage coverage or comprehensive car insurance:
- Tell Your Insurer: You must notify your insurance provider immediately after the accident. The claim settlement process moves more quickly the earlier you tell. You must know that the policy can only be invoked within the allotted days following the accident. After that time, any claim may not be regarded as valid. You must either confirm the specifics with your insurer or read the policy documents to find out the specifics.
- File An FIR: File a First Information Report (FIR) at the local police station immediately. The accident report is essential for a Bajaj Allianz third-party car insurance Report the accident as soon as possible after it occurs and attach the relevant documents. .
- Assessment Of Damages: The damage or loss evaluation is carried out by the surveyor sent by the insurance company after you have filed an FIR and informed your insurer.
- Claim Resolution: In the event of a cashless car damage insurance claim process, the repair costs are settled with the network garage upon submission of the surveyor’s final report. However, if you choose the reimbursement settlement claim process, claims are paid after you give your insurer repair amount receipts.
Claims are subject to terms and conditions set forth under the car insurance policy.
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