Monday, January 07, 2019
By CarKhabri Team
What Are The Different Types Of Claims In Car Insurance?
Car insurance claims can be of two types - Cashless or Reimbursement. The process will depend on where you choose to get your car repaired. The garage needs to be in your insurer network to avail a cashless claim or it falls into the other category. In this article, we will discuss both the types of car insurance claims.
1) Cashless Claim
If you opt for a cashless vehicle insurance claim, you can avail a hassle-free claim and repair process. Let’s take a look at how a cashless-claim works. After your car gets damaged in an accident, you need to get in touch with your insurance company. This is to be done at the earliest. Your insurer will send a team to collect your damaged car. It will be taken to the nearest network garage where the process of inspection and repair will take place. A network garage is a garage in your insurer’s network that will help you avail a cashless claim. Your insurer may help you find an alternate method of transport to reach your destination.
At the garage, your car will be assessed for the extent of damage and a report will be sent to the insurance company. If approved, the process of repairs will begin. After your vehicle is repaired, all you have to do is pay the amount of compulsory deductible to your insurance company and take home your repaired vehicle. This is the process usually followed in order to avail a cashless vehicle insurance claim. You do not have to collect any bills or follow up on the claim settlement process.
2) Reimbursement Claim
If you opt for a reimbursement claim under your car insurance policy, the process will be the following - After your car gets damaged, you can get it transported to any garage. It does not need to be a network garage. You need to inform your insurer about the accident at the earliest. The insurance company will send a team to inspect the damaged vehicle and send a report. You can then get the vehicle repaired and pay the bill amount.
Follow up with your insurer for the claim you have raised against your car insurance policy. You need to collect the bills and documents related to the repair of your car. The company will pay the claim amount after subtracting the deductible amount. This process can be a bit tedious as you need to be ready with paperwork.
How to buy car insurance?
There are two ways in which you can buy the policy - car insurance online or offline. Buying car insurance online is more convenient than the offline method. Let's take a look at how to buy car insurance online:
Visit your preferred insurance company’s website and navigate to the car insurance page. Enter the details related to your car and answer a few questions that will help you buy the right car insurance policy. Set the Insured Declared value of your car, select the required Add-ons and proceed to make payment. If car inspection is not required, your car insurance policy will be sent to your registered email address within seconds.
To buy an offline policy, you need to get in touch with the insurance company or their agent. Fill the application form and attach the required copies of the documents. After all the formalities are done, your car insurance policy will be sent via post within a few days.
The Bottom Line
One needs to drive safe in order to avoid the hassles of car insurance claims. Also, you need to be aware of the inclusions and exclusions of the policy. Knowing these and reading through the terms and conditions of the policy will allow you the knowledge of when you can raise a claim.