Operating a four-wheeler poses risks, but different types of car insurance can protect you.
Indian law mandates third-party insurance for all drivers, ensuring you can drive your chosen vehicle. You can check out Bajaj Allianz car insurance third party for your needs.
In this blog, we’ll discuss own damage insurance and claim settlements. Keep reading to learn how to file a claim on your own vehicle insurance or understand the process better.
Knowing Your Own Damage Car Insurance
In September 2019, the Insurance Regulatory Development Authority of India (IRDAI) made stand-alone own damage insurance available. # *
What Precisely Is Own Damage Car Insurance, Then?
Own damage Bajaj Allianz car insurance online helps if natural disasters or man-made issues damage your car. It covers everything from floods to vandalism and can be extended with additional riders for more coverage. *
How To File A Step-By-Step Claim For Own Damage On Car Insurance
Follow these steps to understand the car damage insurance claim process.
Step 1: Let Your Insurance Provider Know
Give your insurance company a call to inform them about the collision and provide specifics regarding the vehicle’s damages.
Refrain from withholding any information from your insurance provider, which could complicate resolving disputes.
Step 2: File A Police First Information Report (FIR)
When an accident occurs, report it to the police and file an FIR if needed. It’s necessary in theft, car accidents, fires, or incidents involving a third party. For minor dents and scrapes, an FIR may not be required.
Step 3: Use Photographic Evidence
Take clear pictures of the damage and accident scene, ensuring injuries are visible. This helps your insurance provider assess material damages and process your claim correctly.
Step 4: Give The Required Documents To The Insurance Company
The insurance company needs a printout of the insurance policy, the FIR, the owner’s licence, the driver’s copy of the vehicle registration certificate, and all other necessary documentation to process the claim.
Step 5: Fix Your Vehicle
To get your car fixed, you can take it to a shop. Alternatively, ask your insurance company to cover the vehicle’s repair cost.
You will receive payment for your loss or be made whole if the insurance approves your claim.
Step 6: Process of Settlement Claims
The network garage gets the repair expenses after the surveyor’s report for cashless claims. For reimbursement claims, provide repair receipts, and the claim is settled. Remember, you might have to pay a deductible despite the insurance covering a percentage of repair costs.
Documents Needed To File An Own Damage Car Insurance Claim
To file a claim for the damaged cars, specific documentation would be required to settle the reimbursement.
You’ll need these records when filing an own-damage car insurance claim.
- A copy of the insurance policy.
- A Printout of the Police Department’s FIR Report.
- Completed and signed the claim form correctly.
- A Copy of Vehicle Registration Certificate.
- A Duplicate of the Current Driver’s Licence.
- Information on the Repair Cost Estimates.
- In bodily injury cases, original copies of the medical records are necessary.
- A duplicate of the initial receipt for any extra expenses incurred.
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*Standard T&C Apply
#Visit the official website of IRDAI for further details.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
