How to File an Insurance Claim?

Learning how to claim car or two-wheeler insurance irrespective of having a third-party claim or a full-fledged comprehensive cover is essential. Some people waste their insurance by claiming insurance amounts even for minor damages. It not only affects the claim history and NCB (No-Claim Bonus) but might even reduce the policy premium in the future.

However, you will be left with no choice if the damage is huge or the cost to repair a particular part is hard for you to manage. In such cases, you should go through the claim process carefully and avoid skipping any important steps. Following the process accurately may help you to maximize the claim amount and it will also reduce the chance of claim rejection. The following steps will guide you while filing a two-wheeler insurance or car insurance claim:

Step 1: Inform the insurer right after an accident, theft, or damage caused to your bike or car. If required, you need to contact the police as well. Take photographs of the accident spot and your vehicle as they might be useful evidence in the future.

Step 2: Now, go to a nearby service center or garage that can provide you the cashless service. If such a garage is not located in the vicinity, you can get your vehicle repaired from any other garage.

Step 3: For cashless service, pay only the deductible and the insurance company will clear the remaining amount. If a cashless service is not available, you need to handle the entire expenses on your own and collect bills from the garage. You can attach these bills with your claim form while claiming the insurance by reimbursement.

Step 4: Once the insurance company verifies the documents and bills, the reimbursement cheque will be delivered to you.

Keep these things in mind while filing a car or two-wheeler insurance:

A deductible is the fixed amount that you need to pay before getting the insurance benefits. The claim amount is approved only after deducting the deductible from it. If the repair costs are less than the deductible amount, don’t claim the insurance as it will be wasted.

While claiming a third-party liability cover, you may need to contest a case in the Tribunals Court. Therefore, if you were not at fault when the accident happened, you must ensure that you have enough witnesses and evidence to strengthen your claim.

Don’t raise a claim if the No-Claim Bonus amount is greater than the repair costs. It is because your NCB amount increases with every year in which you don’t raise a claim.

For instance, you get a 20% discount on the policy premium for the first year whereas this discount amount will keep on increasing every year. Bajaj Allianz offers a maximum discount of 50% on the policy premium if you have maintained NCB for 5 consecutive years. Therefore, you should claim insurance only if the claim amount is higher than the NCB amount.

You can opt for the Bajaj Allianz car insurance renewal process as it keeps the 50% NCB intact even when you transfer your insurance from another insurer. Also, the range of benefits and coverage provided by Bajaj Allianz on two-wheeler insurance and four-wheeler insurance plans allow you to choose an insurance that is perfect for the vehicle. You can expect a higher coverage after an accident by getting a key replacement, engine protection, zero depreciation, and some other additional covers. The comprehensive coverage and online Bajaj Allianz car insurance renewal procedure ensure that you receive insurance coverage and benefits without a break.