How Long Does It Take To Get Returns After Raising A Car Insurance Claim?

An insurance claim is a formal request made by a policyholder to the insurance provider for payment of the loss they have sustained. The compensation is provided as per the coverage guaranteed to the policyholder by the insurer under the insurance agreement.

There are two ways to submit an insurance claim: a cashless method and a reimbursement method. When a policyholder with car insurance has their vehicle serviced at one of the insurance company's partner garages, the claim is handled without the need for cash since the insurer compensates the garage directly for the costs of repairs. To find out about returns on claiming car insurance, read on.

What Is The Car Insurance Claim Procedure?

You may go great distances by driving a car on the road, but it needs the driver to be responsible. Despite exercising caution, accidents can occur on the road at any time. It might be a robbery, an accident, a fire, or another bad occurrence. You must speak with your insurance agent or firm right away if you want to receive all of the benefits offered by an insurance provider.

However, if the policyholder chooses to have their vehicle fixed somewhere other than the recommended garage by the insurance company, they will be responsible for paying the garage directly before the insurance company reimburses them, subject to the amount covered.

What Are Some Ways For Making Car Insurance Claims After An Accident?

Inform your auto insurance provider as soon as possible about the accident and the extent of the damage, together with the police of course, to ensure that you receive the most benefits from your policy. After evaluating your car or other items, if your insurance provider determines that your claim is valid, they will refund you for the money.

Following are some of the ways through an individual can claim for car insurance after an accident -

1. Informing Your Insurer - Inform your auto insurance provider about the occurrence right away by giving them a call. Due to a deadline, you have seven working days to inform the insurance of the accident. Otherwise, the period for settling your claim will be deemed to have expired. You must submit important documents, including softcopies of your driver's licence, car registration document, and FIR, along with the first two pages of your insurance policy, in order to file a claim. You may also need to write a thorough letter to the Road Transport Office (RTO).
2. Lodging Complaint In The Nearest Police Station - Notifying the police and submitting a FIR are necessary steps in the settlement of a vehicle claim in situations like theft, fire, etc. The police will go to the scene to find the problems and determine for sure if the accident was caused by mechanical failure or not. Additionally, it will include any pertinent information on the driver, the vehicle, the passengers, and any witnesses or other elements in the FIR.
3. Capture Evidence - Some folks might rather submit a claim for payment. In these situations, taking a picture of the scene where the events took place might be useful. When settling your claim, you can include a few photos you took of the crash, such as the damage to your car and any injuries you may have incurred. Additionally, you should write down the names, phone numbers, and third parties (if any) involved so that you can refer to them throughout the process.
4. Submission Of Required Documents - It can only be started when you have given the insurance company all of the necessary paperwork. Don't forget to send copies of all the necessary paperwork, including your driver's licence, automobile registration, your FIR, and other items.

How Long Does It Take To Get Returns After Raising A Car Insurance Claim?

It can take up to 2 weeks to get the reimbursement for your claim, however, the turnaround time may vary from one insurance provider to another.

Endnotes

The amount of time you have after an accident to submit a claim varies by state. Additionally, the time frame differs depending on whether the claim is for property damage or physical harm.

Also read: Terms And Conditions You Should Know When You Raise A Claim Against Damaged Car

Easy Steps For Claiming Car Insurance In Case Your Car Is Lost