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Do you know how your car insurance protects you against theft? Do you know the process to claim for car theft? If not, read on to know the easy steps here.
We all know what all coverage a comprehensive car insurance policy offers. On one hand, the basic third-party policy protects you against the third-party damages and liabilities, while on the other hand, a comprehensive policy offers all-inclusive protection to your car against own damages and losses including damages caused by man-made disasters and natural calamities. Also, you can make a car theft insurance claim, in case your car gets stolen. So, overall you get wide coverage in case your car meets any unforeseen situation.
However, to get reimbursement of the damage, the first requirement is to file a claim. So, if your car gets stolen , you must immediately file a claim and submit it to your insurance company to avoid any kind of delays in the process of claiming for the theft. And for this, the most important thing is to clearly understand the process of claiming an insurance.
Also Read : 7 Ways to Prevent a Car Theft
So, here we are bringing you the details of the steps that must be followed to file a claim of car theft.
Besides the above, you will need to submit your car keys for filing a claim successfully.
As already stated above, you need a no-trace report from the police to get your car insurance claim sanctioned. And a no-trace report requires at least 30 days to get generated (depending on your location and the date when you registered the FIR)
Further, generation of IDV by your insurer also requires another 2 to 3 months. So, in general, 3-4 months are required for the entire claim filing and claim sanction process to take place. However, it is important to ensure that you follow the process well and offer all the needed information so that no delays take place.
There might be several reasons which can get your car theft claim rejected such as :
So, now you know the exact process that is involved in filing a claim. But you must understand that there are many factors that contribute to a claim getting rejected. So, in case your claim doesn’t get approved, you can approach the insurance ombudsman or the person who investigates and advocates the policyholders to settle the issue.
These days filing claims and settling them has become easy with online claim facilities. With many renowned insurers, you can enjoy a stress-free claim filing process. This way, you can receive your compensation easily and help settle the claim fast.
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