Contrary to a common misconception, comprehensive online car insurance does cover damages caused by natural disasters, including cyclones. Unlike basic Third-party Liability Plans, comprehensive car insurance policies extend coverage to car damages. In the event of a cyclone, the claims process is straightforward, but policyholders need to be proactive in initiating the process. *
Filing A Claim With Car Insurance
- Communicate With Your Insurance Provider: The first step after cyclone-induced damage is to notify your insurer promptly. While major cyclones garner widespread attention, assuming the insurer will reach out is counterproductive. Initiate contact with your insurer to understand and kickstart the claim procedure.
- Compile Supporting Documentation: Gathering evidence is essential for a successful claim. Taking photos or videos of the damaged vehicle and referring to news reports about the cyclone can strengthen the case.
- Gather Necessary Information: Prepare essential information such as the policy number, vehicle details, and other documents required for the claim process.
- Make a Claim: Utilise your insurer’s website or mobile app to log in and submit a claim. Click on Claim Now and upload all necessary information. Timely submission expedites claim processing.
Understanding Total Loss In Car Insurance
When the cost of repairing a damaged vehicle exceeds 75% of its Insured Declared Value (IDV), it is declared a total loss. IDV is a crucial factor for policyholders purchasing comprehensive car insurance. In cyclone-induced damage, water intrusion is common, affecting various automotive components and often leading to total loss scenarios. If a total loss is declared, the claim amount approximates the IDV. *
Important Considerations And Tips
- Understand Policy Coverage:
Thoroughly read the policy document to understand the coverage under your insurance policy. Examine the terms, conditions, and fine print to ensure a clear understanding.
- Promptly Notify Your Insurer:
Reporting damage to your insurer swiftly expedites the settlement process. Delays could be improved for the efficiency of the claim resolution.
- Avoid Starting Damaged Vehicles:
If damage is evident after a cyclone, refrain from attempting to start the vehicle. Doing so may lead to consequential loss, potentially voiding insurance coverage.
- Pre-repair Damage Survey:
Before initiating repairs, inform the insurance company and request a damage survey. Please do so to avoid claim denial if repairs are carried out before the survey.
Two Primary Car Insurance Plans Exist In India
Third-party Car Insurance and Comprehensive Insurance are the two types plans that exist in India. Click here to enter text. Third-party insurance provides coverage for liabilities to third parties caused by your vehicle, such as property damage or bodily injuries. While it doesn’t cover damages to your own vehicle, it fulfills legal requirements and offers financial protection against legal claims from others. However, it may not provide comprehensive protection against a wide range of adversities, making it essential to carefully consider your insurance needs based on your individual circumstances.
Comprehensive Insurance is recommended to protect against diverse adversities, including natural disasters like cyclones. This plan covers theft, fire, natural disasters, human-caused events, unintentional harm, liabilities to third parties, and individual accident coverage. Additional coverages, like roadside assistance and zero depreciation, can further enhance protection. Claims are subject to terms and conditions set forth under the motor insurance policy. *
Comprehensive online car insurance is indispensable for safeguarding against the unpredictable aftermath of cyclones, providing a financial safety net and expediting the recovery process. Understanding car insurance benefits is crucial for ensuring financial protection and peace of mind during unforeseen accidents or disasters.
*Standard T&C Apply
Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.