Thanks to the easy availability of car loans in the market and their competitive interest rates, getting a car has become much easier. However, making sure that it does not suffer damages can be rather difficult, given the rise in traffic and incidents of rash driving. To protect your vehicle from the various risks it faces, insurance companies have designed car insurance policies. A car insurance policy covers damages caused to your vehicle and injuries to passengers during a car accident.
Claims can be paid from comprehensive coverage or third-party liability coverage. But before your claim can get settled, there’s a whole process you’ll need to go through. Here are our top four tips on how you can ensure your claim settlement process goes smoothly.
- Let your insurer know right away
If your car is involved in an accident, it is advisable to report it to your motor insurer within 48 hours from the time of the accident. While reporting it within that timeframe is not mandatory, doing so will help ensure you don't miss out on the minute details of the accident. Sometimes, even the tiniest of details can have a big impact on your claim.
- Analyze the offer
After submitting the claim, the motor insurer will present you with the first settlement. If you think what’s offered is not sufficient to cover your losses, you can always negotiate and ask for a reasonable figure. Make sure to attach all the necessary proofs to substantiate your request.
- Legal advice
If the negotiation fails and your insurer refuses to provide the desired amount, you could contact your car insurance lawyer. The lawyer will analyze the situation and help you get the settlement according to the terms and conditions of the policy.
- Get written agreement
Once you and the insurance company have decided on the settlement amount, ask the insurance company to provide a written agreement from their end. It should state that the policy will cover the claims you have found reasonable. Also get a confirmation in writing about when (i.e. the date) the claim amount will be paid.
Before filing a car insurance claim, make to follow these simple steps so that you don’t face any hassles at the time of claim settlement. To find the most suitable car insurance policy, reach out to us at 86559 86559 or write to us in the comments section below.