You did
everything right. You bought the car of your choice and got it
insured without wasting any time. Along with the mandatory third
party liability cover you also availed a comprehensive plan. You
chose to pay high premiums for comprehensive covers considering the
fact that in case of any mishap your insurer will pay out all the
expenses once you make the claim. But, much to your disappointment,
your insurer turned down the claims you made after getting involved
in an accident. You have been paying premiums without any break but
it resulted into pouring money down the drain as you faced outright
rejection to your claims. Let's analyze the reasons why your claims
were rejected.
Misconceptions about
comprehensive car covers
Most
people are under the misconception that comprehensive motor policies
cover all types of losses and damages which is far from being the
truth. A comprehensive plan only covers only the following;
- Third party liability
- Accidents
- Collisions
- Theft
- Damages of vehicle due to natural disasters
Breakdown
and wear and tear can also bring about damages to vehicles and if
such an incident happens no car insurance plans in India will provide
coverage. There are some other reasons as well that can turn down
one's insurance claims.
If you repair your car on
your own and inform your insurer later
Almost
all car-owners commit this fatal mistake. They renovate their cars
after a mishap and intimate their insurers afterwards. Insurance
providers, having failed to trace the mishap and repair reject the
claim request. Therefore, one should always inform the insurer as
soon as possible after the accident. A representative on behalf of
the insurer will inspect the site of accident, measure the nature and
cost of mishap and estimate the
claim amount accordingly.
Installation
of a LPG or CNG kit and not having it covered in the plan
Many
people face rejection of claims simply because they did not cover the
LPG or CNG kit installed in their vehicles. Even if the damage is not
related to that kit, insurers will turn the claim down if the kit is
not covered in the plan.
If you forget to transfer
the policy in your name in case of buying an used car
The
name of the car-owner is registered in the policy copy not the name
or model of the car. Therefore, if you buy a second-hand car you have
to shift the name of the car-owner in the policy copy within the
stipulated time period. Your claims will not be settled if you don't
transfer the cover in your name in time.
If the driver of the car
lacks authentic driving license at the time of accident
If you
have driven your car at the time of accident without a valid license
your claims will be dismissed. On top of that, if you were under the
influence of drug or alcohol at the time of accident your claims will
not be settled.
If your vehicle is used
for commercial purpose
If it
is found out that you used your vehicle for commercial reasons in
spite of being registered as a private vehicle at the time of mishap
your insurer can rightfully refuse the claim.
If the car is not parked
in parking zone and loaded with more passengers than capacity
If you
violate traffic rules by parking your car in no parking zone and load
your car with more passengers than capacity your claim request will
not be granted
If you fail to notify
your insurer in time after the mishap
Your
insurance claims will be refused if you don't intimate your car
insurance provider within the stipulated time.
Now
that you know the reasons behind claim rejection, hopefully you will
not make any of these mistakes next time and get the claim that you
deserve.
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