Car insurance: when is the car insurance claim submitted and when should it be avoided?

Car insurance: when is the car insurance claim submitted and when should it be avoided?
Car insurance: when is the car insurance claim submitted and when should it be avoided?

It is your right to request auto insurance in the event of an accident or your vehicle. However, if repeated statements or something happens every time?

It is a human tendency to claim insurance when there are unwanted moments. It is also true in the case of car insurance. True, it is your right to request auto insurance in case of accident or loss of your car, and you absolutely must exercise it. After all, this is the main purpose of protecting a person’s car. However, does it often mean claiming car insurance or whenever something happens?

According to industry experts, there is no rigid and fast rule to apply for insurance. However, before filing a claim, it can help you keep some basic facts and do some calculations to help someone make the right decision.

“The insurance is expected to have a financial shield against any accidental damage, which makes its vehicle unusable, however, if it is possible to avoid continually claiming the vehicle for a small incidence of losses, especially when it shows the performance of the car Shashi Kumar Odadamo, Chief Technical Officer at Bajaj Company states, Alias ​​General Insurance, repetitive requests will be paid for repair costs, but it will also affect your NCB and increase your premium in the time of renewal.

Rajiv Kumar, CEO and CEO of Universal Sumpo General Insurance, said that sometimes claiming a claim on the auto insurance policy may be the best option, because the insurance policy attaches great importance to the number of rising claims.

For example, “compensation for damage, where reforms are less interrupted, the lamp or mirror damage should not claim to be right with a cash input like this under the policy, because its car is much lower than the NCB. cost of the included reforms (any additional complaints), “which you’ll like after each renewal, is exempt from the claim,” he says.

Likewise, one should refrain from submitting claims for minor scratches and scrapes, while, for large accounts such as frontal collision, one should take advantage of insurance. Addamu states: “Through this approach, you can get the maximum benefit from your car insurance and at the same time make sure the premium is not very high.”

It is necessary to bear in mind that most of the insurance policies on cars are part of the “excess” or “excess”, which must bear the sum of any claim insurance, based on this policy, any claim, which is mandatory due to brief statements that interest goes to interests. Even if no request is made, the NCB becomes zero. Therefore, in case of significant loss, it is recommended to avoid recourse in case of minor accidents.

For example, if the amount of compensation is Rs 3000 and the applicable loss is Rs 1000, the amount payable by the insured is only Rs. 2,000. Here the document holder does not receive the full amount of the credit and will lose his NCB, which helps you get 20% to 50% off your premium. Therefore, they should avoid making such accusations.

What should be considered when making a claim?

Consequently, it is necessary to file an OD claim to determine that there are no well defined criteria / rules. However, in order to make a decision on the suit, it is necessary to take into account some points, which are the amount of losses, the impact on the NCB (without the right to compensation) and the applicable waiver.

You should also know that repeated requests are kept at high risk by the insured and therefore the renewal premium will certainly be high. Therefore, it is recommended to avoid small claims such as a slight malfunction on a bumper or a small lining on the body of your car.

It is a fact that “insurance companies can not refuse credit on the basis of the loss, unless the damage caused by accidents not covered by the car insurance policy.Your collection can help you maintain your national commercial bank”, advises Kumar.