How to Purchase New Car Insurance?
Agents: Insurance companies hire insurance agents, who are paid by them for introducing customers to their services. The different insurance plans that are offered are familiar to agents. They can provide you advice and help you choose the insurance plan that best suits your needs because they are qualified and experienced to do so.
Dealers: Automobile dealers sell vehicles to customers, and these sales also come with third-party liability insurance. Dealers commonly work with insurance companies, but they might not fully comprehend the policies. They take care of the paperwork required to get the dealership's third-party liability insurance policy.
Brokers: Brokers can be either persons or organizations that have been granted permission by India's Insurance Regulatory and Development Authority to offer insurance products. Brokers are able to sell you goods from different insurance companies since they have the knowledge to back up your choice. Additionally, they help with after-sale support. By evaluating many possibilities, brokers can help you get the best coverage for your needs. You can also get assistance from brokers with the claim-settlement procedure.
How to File a Car Insurance Claim?
Car Insurance Claim Process for Damages to Your Own Car:
For damage occurred to your car, the car insurance claim process is as follows:
Step 1: You must notify the insurance provider as soon as you are involved in an accident or observe damage to your car by calling them. Along with the essential paperwork requested by the insurance, you must also provide a properly completed claim form. You can get the forms from your insurance company's website.
Step 2: The insurance provider will send a surveyor to evaluate the harm done to your car. The surveyor will write a report and provide it to the insurance provider. You will receive a copy as well.
Step 3: Following the completion of repairs to your vehicle, the duly signed forms and documents must be taken from the garage and given to the surveyor who will send them to the insurer.
Step 4: If the documents and the claim are approved, a delivery order (DO) will be provided by the insurer in case of cashless claims. Once you pay your car repair bills, you can take your car.
Step 5: You can bring your car to the shop and get reimbursed by paying the fee. Depending on your auto insurance policy's terms and conditions, you may later receive a refund for this sum.
Car Insurance Claim Process for Third Party Claims:
The car insurance claim process for a third-party claim is as follows:
Step 1: You must let your insurer know if you receive a legal notification from a third-party demanding compensation for damages you are responsible for. Before speaking with the third party or agreeing to any out-of-court settlements or financial obligations with them, it is crucial to contact your insurance.
Step 2: A copy of the legal notice must be sent to your insurance company.
Step 3: Copies of the FIR, your driving license, and the RC book of your vehicle must be submitted to the insurance company.
Step 4: The insurance company will review the records and the accident's specifics after that, and if they are satisfactory, they will assign a lawyer to represent you.
Step 5: In case the court says that you will have to cover the damages caused to the third party, the insurer will make the payment to the third party.