5 Things To Know Before You File Your Car Insurance Claim

Getting car insurance is the first step in safeguarding your car. This mandatory process is crucial for safeguarding both your car and your finances over the long term. Due to the convenience of availing car insurance online and filing claims in case of an incident related to your car, policyholders can submit claims without fully understanding the potential consequences of their actions.

Here are 5 important things to consider before you raise a claim so that you make the right decision when it comes to making the most of your car policy. 

5 Things to Know Before Filing Car Insurance Claim 

1.  Be Sure about Filing a Claim 

Third-party insurance is compulsory for new and old cars, but to enjoy extensive coverage, you should consider owning a comprehensive car insurance policy. However, that does not mean that you file a claim for minor incidents that you have the means to financially cover. This decision to file a claim only when necessary helps you at the time of policy renewal, as you can avail yourself of the No Claim Bonus discount if you refrain from making claims during a policy period. 

2.  Points Related to Reporting a Claim 

When it comes to how to file a car insurance claim, here are some pointers to keep in mind:

• You must report the claim within the first 24 hours of the incident’s occurrence.
• Collect as much evidence as possible from the site of the incident, including photos, contact numbers of eyewitnesses, etc.
• File an FIR (in case of accident or theft) as soon as the incident occurs at the nearest police station, as you will need a copy of this document at the time of raising your claim.

3.  Your Premium Rates Will Become Higher 

When filing a car insurance claim, you must remember that you will not be able to enjoy the No Claim Bonus when you renew your insurance policy. This means that your premium cost will be higher because you will not be able to avail of the NCB discount. Also, probably because your insurer might consider that your driving skills are not up to the mark (depending on the reason for filing your claim/s), for which your policy premium cost might be increased. 

4.  Raise Claim Online for Convenience 

For a car accident insurance claim or any other claim, try raising the claim online. This will not only help you get seamless service and generate a quick response but will also help you keep track of your claim settlement process through the website/app. 

5.  Know the Policy Thoroughly 

In case of a car accident and insurance claim related to it or any other incidents, you must know about your policy inclusions and exclusions. This will enable you to understand better what you can file a claim for and in what situation you cannot raise a claim. Reviewing your policy’s terms will help you avoid surprises and ensure that you meet all the requirements for a successful claim.

Conclusion 

All the points mentioned above will help you with filing your claim, and knowing when the right time to raise a claim for seamless claim procedure and settlement is. Keeping these factors in mind is the key to obtaining the financial coverage for which you purchased the policy in the first place.