It is mandatory for everyone who possesses a car or a bike to have vehicle insurance but one must also know the best way of claiming it. To make the best claim, one must collect all the relevant information.
If the car was hit by another car, then be sure to collect all the information regarding the car owner and the driver details. Depending whether you have a comprehensive car insurance or a third party car insurance policy, this information is very much required. It is also important to determine what kind of claim one wants to make. There are mostly two options available when another car is hit is to charge it to the insurance company or paying for it oneself. In the case of the latter, it is important to determine whether paying the claim oneself and getting the No Claim Bonus would result in greater profit. Informing the car insurance company at the right time is also very important. If the required time has elapsed, then your claim might not be accepted. It is also important to file an FIR in case of an accident involving another vehicle and the insurer would also demand a copy of the same. Receiving the No- Trace Certificate from the police is also important in case of a theft as the police report would have to verify whether the car was traceable or not. It is important to raise the claim first and also submit the proper documents in the right time to process the claim process. Most automatically tend to assume that just because the policy has been taken, the claim amount can be retrieved any time but that is not true. Be sure to follow the right procedure for the best chances of getting the claim. Read Also: How to Get no Claim Bonus While Buying Insurance for New Car?
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AuthorAlisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. She has in depth knowledge and has written more than 1200 blogs on topics related home and car insurance. She also provide you with knowledge about home improvement and cooking. Categories
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