Things To Keep In Mind While Claiming Insurance

Insurance is a safety net that keeps the owner safe during times of accidents. One should know the whole process of claiming the insurance money.
07-Mar-22 06:59 PM IST
Things To Keep In Mind While Claiming Insurance banner
Highlights
  • The most common insurance claims are for rear-end crashes.
  • Insurance claims can take up to 30 days to process.
  • Repeated insurance claims can actually increase the premium amount.

There are times when the owner needs support (such as accidents), and claiming insurance money is the easiest way out. Claiming the insurance amount can be an arduous process if the person is not well-versed with the rules and does not follow them in a proper manner. Any small mistake from the owner's side can lead to the insurance claim being denied and more problems for the owner. These are the things that should be kept in mind before availing of insurance.

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Movement of the vehicle

It is necessary to document all the evidence from the accidents before moving the vehicle. If this is not followed, it might be termed tampering of evidence. This might also lead to the owner having to pay for damages to the vehicle. This payment would mean that the customer will lose the benefit of the No Claim Bonus. The overall premium amount might arise due to such carelessness!

Avoiding any private negotiations

People tend to get involved in a blame game – blaming one person for the accident while the other person blames someone else. This can lead to the insurance claim being denied. So, the best thing to do is to collect all the evidence and eyewitnesses, get the statements recorded, and submit the evidence.

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Avoiding mistakes with evidence

Even the smallest of details are heavily scrutinized by insurers. Make sure that every piece of evidence is noted and presented while the insurance claim is being made. Any small mistake could lead to the claim being denied by the insurer. Make sure that the whole scenario is presented to the authorities and no details are left out!

Not delaying the process

There is a certain deadline after which the insurer can legally turn down the claim request. It is important to notify the insurer as soon as an accident happens. If the person is in a state of shock or is gravely injured, an extension can be asked for, but that condition should be notified to the authorities as well.

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Making sure the policy is not expired

If the policy period has expired, there is no way in which the owner can avail of the benefits of the insurance amount.

Avoiding unauthorized servicing

Applying for servicing at unauthorized service providers might seem like a cheap option, but it can cost the owner in the long run. There are several tow service providers and servicing centers that are tied up with the insurers. Availing services from them is a wise choice. The claim might be denied if the service providers are unauthorized.

Avoiding submission of incomplete documents

Make sure what damages are covered by the insurance policy that has been purchased. There are several types of insurance policies that might not cover certain parts of the damages. The insurance claim can be denied due to incomplete documents!

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