Claim Car Insurance
Car insurance is to be utilized when our car encounter any accidents, but is there any limit to the number of times we can claim the car insurance. Accidents are unpredictable and occur at any time to anyone. So can we make multiple claims on a car insurance in a year? Read on to find more.
Multiple claims is ok?
There is actually no limit to the number of claims you make in a year, you may claim for an accident that happened simultaneously in two weeks’ time, it is not an issue, multiple claims can be made but the only concern is that it should not exceed the coverage limit to which you have taken the car insurance policy. You can claim car insurance amount as stated in the agreement policy within a span of one year, after which you will have to renew your policy.
For e.g: If your insurance amount agreed upon during the time of agreement is Rs 15,000, there is no limit as to which you can file a claim for reimbursement of your car insurance, you may claim the amount for a span of one year.
While insurance companies can never deny you claim, submitting the right documents, medical certificates and bills at the right time will assure you your claim regardless of the number of times you have applied for it.
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Keep a clean track record
All you need to worry is when you reach three years of your insurance policy; the insurance providers may have a quick look at your claim history. While it is always better to keep a clean history, accidents and damages are mostly unpredictable, which is why car insurance is vital while you are driving on the roads.
If the damage caused to your car is minor and can be easily done with the help of a mechanic for a far lesser amount, then it is always better to not file a claim and pay for the repair from your own pocket. While claiming for a smaller amount is tedious and takes time, a no-claim bonus for your car insurance will help you earn more benefits than claiming the amount. A no-claim bonus for your car insurance helps you earn a good discount during your insurance renewal and paying off a lesser premium. Minor repairs vs No Claim Bonus
You may also think that why you need to keep a car insurance at bay and not use it when the time comes? Well, it totally depends upon the user if you have the saving you can get the damage repaired from a decent mechanic, if not utilize the claim and get it repaired from a good quality auto repair shop and get it reimbursed from the insurance provider.
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As far as the limit of claiming of car insurance is concerned, you can do it as many times as you require. Just keep in mind that your claiming amount should not exceed the total amount for which your car is insured. However, in case of small damage as mentioned above it is always better to do the repairs from your own pocket, it helps you earn no-claim bonus.
Small accidents, scratches and dents are extremely common things that can happen to your car, if you are living in a city like Delhi. Even if it is not my fault, my car gets dents every now and then. But it would be stupid of me to claim the expenses and waste my time in the claim-process for such little things. It is hence important to know when and how many times to claim the car insurance. Great article!
A no-claim bonus is a good incentive, but then contributes to your worry of keeping a clean driving record. There is no point to paying out of your own pocket for small accidents, when you have insurance to pay for these things. But then again, you will be covered if anything larger happens. I just can’t see the point of paying insurance, and car repairs, just in case you have a very large accident. Maybe I am being naive.
To claim a car insurance as many times as against the amount insured. The insurance company is bound to pay if all the papers are submitted in the correct form. But then it increases the amount of premium one has to pay the following time when the policy is renewed.