It is mandatory to have vehicle insurance before plying it on the roads of India. So, whether you own a two-wheeler or a car, you have to get it insured before you ride or drive it. An insurance policy pays for your financial liabilities that can incur to third-party property or person in case of an accident by your vehicle and pays for your vehicle’s repairs as well if it gets damaged. However, the coverage offered to you by your insurance policy depends upon the insurance plan you take.
There are two types of motor insurance plans provided by insurance companies like Royal Sundaram Car Insurance - third-party insurance and comprehensive insurance. On one hand, where third-party insurance is basic and mandatory insurance plan, a comprehensive plan offers extensive coverage and you can opt for it if you require more elaborated service from your motor insurance.
As the name of a third-party insurance policy says, it offers insurance coverage for third-party property and person in case of an accident by your motor. However, the comprehensive plan provides coverage for your own car with third-party coverage. Resultantly, the premium of a third-party insurance plan is quite low than the premium of the comprehensive plan. But, when you have to make a claim, you have to follow certain steps as well as claim motor insurance on-time. Here are the steps and reasons to claim motor insurance as soon as possible.
Before knowing the benefits of claiming motor insurance on-time, let us get an idea of the steps that you should follow to claim vehicle insurance:
Now let us understand the Importance of Filing Claim Motor Insurance on Time:
So next time whenever you meet with a vehicle accident inform your insurance provider immediately. However, if it is not possible, then start processing your claim on-time without delaying. You can call your insurer for intimation and the customer representative will guide you how to file the claim. In this way, you will be able to make the claim settlement quickly. In this way, a single call to your insurance company like Royal Sundaram Car Insurance can save your time, money, and energy.
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