You are an expert in choosing the right car, now become an expert in choosing the right insurance
Do you remember how happy you were when you were looking for a new car? Talking to friends, checking reviews online, checking your top choices - you put a lot of effort into it. But do you remember what car insurance came with? Probably not.
Most car dealers also offer car insurance with the car and we end up continuing with it without checking who the insurance provider is and what services it provides. But car insurance is not just a legal requirement. It also helps to protect your favorite new car.
How to choose a car insurance specialist
1. Know your options before you make a choice
There are two broad categories of car insurance in India - third party car insurance coverage and full coverage. Although the coverage of a third-party debt is legally binding on all motor vehicles, it only includes damage to any property and any third party damage. It does not include an insured car itself. So, finding this only for your favorite car will not be a pro move. Comprehensive Car Insurance, on the other hand, is a comprehensive program that combines third party debt with your personal injury.
2. Your car is very expensive, but does your insurance know that?
An IDV or Insured Declared Value is the price of your car according to your insurance provider. This is the highest refund you can receive, and all other claims are calculated based on this amount. Your dealer may suggest a lower IDV to lower the premium but that means your total compensation will be much lower in the event of an accident. So, think carefully about how much IDV you should have because after all, your seller does not know how attractive your car is to you.
3. You know your needs, you choose the installation
There are different insurance schemes on the market that cater to different types of people. But no one can understand your needs, and your situation, better than you, is definitely not your car dealer. For example, if you are going to park your car in public, your insurance policy should include a paint job. You should also refer to insurance policies that include theft and burglary, such as Tata AIG Auto Secure - Private Car Package policy,
4. Look at many cars, look at insurance plans
If you check-drive multiple cars, you should at least look at a few programs before choosing the right one. You can identify similar programs, check their installation and compare with others. Fortunately, there are many websites that allow you to compare seamlessly with all your insurance providers. Your goal should be to determine which program offers the most benefits to you.
How Can You Insert a Car Accident Insurance?
If your vehicle is involved in an accident or damage as a result of an unforeseen occurrence, you can file an insurance claim and claim compensation for the damage. This compensation will be provided as guaranteed provision in terms of insurance.
You can make an insurance claim in two ways - a claim with no money or refund. If you repair a car in the insurance company's network garage, you can enjoy a free claim. This means you do not have to pay at the garage and the insurance company will pay the repairs directly with them. On the other hand, if you choose to reimburse, you will have to make a payment for the repair costs and the same will be refunded to you later, depending on the amount insured.
If you are repairing a car outside the network garage, you will need to select the recovery option.
How do you apply for a car accident insurance?
The application insurance process is fast and hassle-free. In the event of an accident, you need to contact the insurance company immediately. You can do this over the phone, online or offline. Let's go through the process and understand how to apply for car accident insurance.
The insurance claim process requires you to submit the following documents as well as a duly completed claim form:
⦁ A copy of your car insurance
⦁ Copy of driver's license
⦁ The first Information Report you submitted to the police station
⦁ Vehicle registration certificate
⦁ Initial documents for repair costs or medical report of physical injury
⦁ Applying for car insurance after an accident
You can get great benefits from car insurance by filing a claim on time. After a car accident, you need to notify the police and file a report and notify the insurance company. Since the timeline is limited, you should not delay the process and notify the company in advance.
Notify the police and set fire to the system. If there are only scratches or bruises on the car, you can avoid FIR but in the event of a physical injury, it is highly recommended that you install one. Try and gather as much evidence as you can. It will serve as a valid proof of the claim process. You can take a few pictures and write down the name and contact number of the witnesses and the third party.
Once all the documents are in hand, you need to submit them to the insurer and ask the insurance company to send an inspector. The study will be completed within one to two days and the inspector will assess the amount of damage.
You can then take your car to one of the network garages to enjoy the cashless application. Here, you need to pay the deduction and the remaining amount will be paid by the insurance company. If you claim a refund, you will have to pay all the money in your pocket and the insurance will reimburse you for the same after deducting the deduction.
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