Car Insurance- a necessity in today’s world
Buying a car insurance
Most people in India now sought to buy car insurance online. In India, there are two types of policies available- a Third-party Car Insurance Policy and a Comprehensive Car Insurance Policy. The third-party car insurance policy covers third-party damages and losses while a comprehensive car insurance policy covers damages done by the owner along with third-party damages. Then you need to choose a trustable insurer after doing a proper background check and decide upon a quintessential policy meeting all your demands. Checking the policy documents is a must step before proceeding further. Then one needs to fill in their basic details and make the virtual payment. A digital copy of the insurance is sent within minutes to the verified e-mail. One must thoroughly check it and make sure that it is free from any form of inconsistency.
Claiming Car Insurance
Car Insurance- a necessity in today’s world
- Accident Claims
- Theft claims
- Third-party claims
- Own damage claims
Different documents are needed for each type of claim. One can either file for a cashless claim or a reimbursement claim. In the case of a cashless claim, the car insurance provider pays for the damages while in the case of a reimbursement claim, the policyholder makes the payment first and gets the amount reimbursed later. To claim car insurance, firstly one needs to register the claim by either calling or mailing the insurance provider. The insurance dispenser sends the claim registration number to the customer right away. Then one needs to take the damaged vehicle to a car garage (registered in case of a cashless claim) and submit all the necessary documents with the loss assessor. The insurance company verifies the documents and initiates the process of claiming the insurance.
Things to keep in mind
In India, it is mandatory to have third-party insurance, and choosing comprehensive car insurance is better. One should consider the services offered carefully and go after a well-reputed car insurance provider. The customer should take into account the Insured Declared Value and choose the insurer proving IDV closest to the market value of the car. One should also compare the Insurers based on the additional covers that they provide.
The advancement in the field of getting has made getting car insurance very easy nowadays. One should always be very careful while choosing the insurer and the policy. Customers should be careful about their documents as they are very necessary for claiming insurance. The IDV values and additional covers should also be taken into consideration. Car insurance is a must and a necessary financial decision and one should never adjourn it.
