Making an insurance claim

Vehicle insurance covers prices concerned just in case of accident of the vehicle. The procedure for associate accident claim beneath a motor policy includes these steps. Intimate the claim to the insurers at once just in case of associate accident or thievery just in case the vehicle is outside the town limits of the insuring workplace, intimate the closest workplace of the insurance firm Most insurers like spot survey just in case of all major accidents The vehicle ought to be affected to the service man.

Obtain associated preserve the receipt for towing the vehicle to the service man get an estimate of repairs. One ought to visit associate authorised service man of the manufacturer of the vehicle. this may expedite the appointment of the surveyor. Insurers issue a form on intimation and on submission of the shape completed and signed by the insured, they're going to depute a surveyor to assess the loss give copies of  legal documents - FIR . challans , Claims , summons etc to the insurance firm for fast disposal of claim.



The surveyor can visit the workshop for examination of the vehicle and closing of the claim quantity with the owner or service man It ought to be noted that one ought to ne'er initiate repairs before the examination of the vehicle by the surveyor.

The documents needed by the surveyor can embody a replica of the policy , licence, and registration certificate On the satisfaction repairs of the vehicle, intimate the insurers UN agency could at their choice have the vehicle reinspected The documents to be deposited with the insurers embody original bill of repairs, replacements, cash memo, payment proof etc for disposal of claim.

On approval of claim commit to deposit salvage the salvage/damaged elements with insurance underwriter, failing that they will deduct the salvage worth from the claim quantity Procedure just in case of thievery or total loss claim. Inform the police and file a FIR at once apprise the insurers and RTO regarding the thievery of the vehicle and its noting within the records of the agency involved Necessary letters ar needed to be written for authorities - RTO, police, and municipal authorities intimating them that the vehicle isn't in use and it should be recorded thus to avoid any penalty.

Obtain final police report (investigation report) from the police and hand it over to the insurance underwriter (under acknowledgement. each keys of the vehicle ought to be deposited with insurance underwriter the initial policy is additionally needed to be provided to the insurance firm.

Upon confirmation of settlement of claim of a registration certificated (without hypothecation) is needed to be transferred within the name of the insurance firm. just in case of a hypothecated vehicle, a no objection certificate is to be obtained from the financer if the payment is  obtained by the insured. Otherwise, the claim are paid to the financer of the vehicle just in case the overall loss isn't as a result of thievery, the procedure for the accident claim can precede this procedure and also the vehicle can got to be deposited within the insurer's warehouse in associate 'as is, wherever is' condition with none shortages on approval of claim however before unharness of payment give letter of commutation and letter of indemnity to the insurance firm on non-judicial stamp paper,.