NEWS & ADVICE : AUTO INSURANCE
Guide to get a an auto insurance claim approved
By Neelima Shankar
Print    Email    RSS   

The word Insurance in itself generates the idea of protection or cover against any unprecedented threat. The motor vehicles act of India mandates that every vehicle, both two wheeler and four wheeler plying on Indian roads be insured. However, getting one's vehicle insured is just half the battle. Once the vehicle is insured, it is entitled to a claim in lieu of any damage to the insured, the range of which would depend on the policy; whether the insurance is just a third party insurance (which is mandatory by law) or it also includes liabilities towards the first party.

Whenever there is damage to vehicle or the passenger(s) in it, one is advised to immediately notify the vehicle insurance company and the police. Many of the documents to be presented for claim are same as needed during FIR. For example copy of licence, original copy of policy, copy of Police FIR, a copy of registration certificate and most importantly, a ‘duly filled and signed claim form' are needed to be provided during application for a claim.

Additional documents required depend upon the type of claim or the incident which gives rise to a claim. Broadly there are three categories:

1.Theft of vehicle: All the keys of the car. A no trace report confirming that the vehicle isn't accessible.

2.Loss or damage to the vehicle in an accident: The original repair invoice in case of cashless claims and original repair estimates, repair invoice with payment receipt of non-cashless claims.

3.Legal liabilities claim as a result of third party litigations: Vakaalatnama, authorization to the insurance company to take up the case on first party's behalf. Also copy of any legal notice that might have been served.


Page  | 12 |  
(Comments Posted : 2) Post Your Comments
1. DO YOU NEED A LOAN TO START UP OR EXPAND YOUR BUSINESS? Zion financial services is a sincere and certified private Loan company approved by the Canada Government, we give out international and local loans to all countries in the world, Amount given out $2,500 to $10 Million. We offer loans with a dependable guarantee to all of our clients. Our loan interest rates are very low and affordable with a negotiable duration.

Available now are
MORTGAGE LOANS, PERSONAL, START-UP & EXPANSION OF BUSINESS LOANS AND NEW ARE UNSECURED & SECURE LOANS, CONSOLIDATE LOANS

Apply for a loan today with your loan amount and duration, Its Easy and fast to get 3% interest rates and monthly installment payments. email us now to apply: zionloanfirm.ltd@aol.com

TO APPLY TO APPLY:
Regards
Peter James
General Manager
zion capital investment, Canada
Email: zionloanfirm.ltd@aol.com
Peter James (Posted: Jan 27, 2015)
2. I propose not to hold off until you get enough cash to order all you need! You can just take the loan or just commercial loan and feel yourself free
BoydSusan32 (Posted: Feb 1, 2013)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A general guide to Auto Insurance
An insight into two wheeler insurance
Factors affecting car insurance premium
Tips to reduce Auto Insurance Premium
All about Vintage/Classic car insurance in...


I have not received my November month statement , why ?
i want to check my account balance
WHAT IS INTEREST RATE OF HOME LOAN FOR Defence...
PLEASE SEND THE ACCOUNT HOLDER NAME A/C NO:...
Hello I am looking to renew my car insurance and I...
my loan no

NEWS THIS WEEK
New endowment plan launched by PNB met life Feb 18, 2015
Yes bank bagged High performance award 2014. Feb 13, 2015
Banks may strike at February end Feb 4, 2015
Reliance industries to enter in to banking in association with the SBI Feb 3, 2015
OBC bank reported a drop down in its net profit Jan 30, 2015
News Archive