How to Claim Motor Insurance for Vehicles Damaged in Cyclones?

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The testing instances of COVID-19 grew to become extra regarding for India as a result of Cyclones Tauktae and Yaas. Each cyclones precipitated large destruction on the infrastructural and agricultural entrance. Many died, many grew to become homeless. Many are left with extra stress and monetary losses to bear as their autos are broken too. Automobile injury means a large monetary loss for the proprietor, however not after they have insurance coverage.

Motor insurance coverage coverage consumers ought to at all times take into account that pure disasters come underneath the Act of God. Conserving the identical in thoughts, complete motor insurance coverage is very advisable in order that if a pure calamity happens and causes injury to the insured automobile, policyholders stay unaffected by the sudden monetary losses. Personal Injury (OD) element of the coverage additionally performs a major function because it helps with the settlement of claims in instances of the insured automobile being broken as a result of pure calamities like storms, flash floods, earthquakes, and landslides.

Each time a pure calamity takes place and the motor insurance coverage policyholder finds their automotive or bike broken, the very first thing they have to do is acquire photographic proof of the injury. A number of photos of the broken automobile ought to be taken earlier than reaching out to the insurance coverage firm on the toll-free quantity and registering the declare. Crucial paperwork like picture proof of the broken automobile, a duplicate of the driving license & registration certificates, and others together with a duplicate of the insurance coverage coverage are required from the policyholder’s finish.

Whether or not the policyholder has complete insurance coverage or personal injury insurance coverage, they will simply get their claims settled. Policyholders also can name on particular helpline numbers which can be out there for fast-track settlements. The Insurance coverage Regulatory and Improvement Authority of India (IRDAI) has additionally recommended insurance coverage firms to advertise digital communication for declare intimation and subsequent doc verification. So, the policyholder can submit all vital paperwork electronically with out going through any inconvenience.

As soon as the required paperwork of the insured automobile are submitted, a surveyor is appointed for bodily verification of the automobile on-spot. Motor insurance coverage policyholders are suggested to not transfer their broken automobile from the notified spot until the time the official inspection is accomplished. Furthermore, the broken automotive or bike shouldn’t be repaired earlier than reaching out to the insurer. The quantity to be paid by the insurer is determined by the age of the automobile in addition to it’s Insurance coverage Declared Worth. Policyholders can simply verify the declare standing on the insurance coverage firm’s web site.

A motor declare can simply be settled, nonetheless, there are possibilities that it might get denied as properly. So far as causes are involved, there are a lot of. n It is very important bear in mind that industrial use of the automotive or bike insured may additionally result in the rejection of claims. Injury to plastic parts and tyres within the absence of a zero-depreciation add-on can also be one of many causes of declare rejection. Nonetheless, policyholders can at all times stop declare rejection by being sincere and on time.

Within the unsure instances, we live proper now, each particular person must safeguard themselves, their family members, and belongings with insurance coverage. Well being and motor insurance coverage are the 2 prime areas of safety that one should concentrate on by all means. Allow us to not neglect that regardless of the challenges we face sooner or later, we’ll at all times be financially and emotionally secured with insurance coverage.

(By Ankit Agrawal, Co founder and CEO InsuranceDekho)