How to Prevent Rejection of IFFCO Tokio Car Insurance Claim?

The IFFCO TOKIO General Insurance Co. Ltd. is a partnership of IFFCO, Tokio Marine, and Nichido Fire Group. IFFCO Tokio Car Insurance Plans have been designed to meet the demands of people who plan ahead of time for any vehicle-related disaster. IFFCO Tokio car insurance, like its other plans, guarantees that all types of unfortunate situations are properly covered under its Car Insurance Plan. The IFFCO Tokio Car Insurance Policy covers any legal responsibilities stemming from your vehicle's use, such as death, injury, or property damage to third parties.

How to Prevent Rejection of IFFCO Tokio Car Insurance Claim?

According to the Motor Vehicle Act of 1988, all car owners in India are required to acquire third-party car insurance. Driving without a valid driver's license might result in a substantial punishment. Aside from being a legal obligation, obtaining car insurance is essential for financial protection in the case of a tragedy such as an accident, car theft, or damage to the vehicle due to natural disasters.

People frequently complain about their car insurance claims being denied or receiving minimal reimbursement. This occurs because most people lack appropriate awareness of the tasks needed or make errors when filing a claim. Here are some mistakes you need to avoid while claiming car insurance:

Not Informing the Police

People frequently fail to inform the police in the case of an accident in order to avoid legal complications. However, if you wish to file a claim for the damages incurred as a result of the accident, you must notify the police as soon as possible. The other party involved in the collision may attempt to resolve the problem without notifying the police. You must not agree to this since failing to report the collision to the police is illegal. Furthermore, a police FIR is a necessary document for insurance companies to begin the process of settling a car insurance claim.

Not Informing the Insurance Company

It's just as important to report the accident to your insurance company. Most insurance companies give you a 24-72-hour window to report an accident. If you fail to report the accident, you run the risk of having your claim denied.

Running Away From the Accident Spot

During a car accident, one of the most common mistakes individuals make is fleeing the scene or moving their vehicle. However, you must not leave the area to prevent having your claim denied; instead, you must snap photographs of the incident as documentation to support your vehicle accident insurance payout claim. In the event of a police investigation, the evidence will also assist you in proving your innocence. 

Paying Out of Pocket

You must not pay compensation out of your own pocket if you are involved in a car accident in which a third party has a minor injury or their property is harmed. This is a terrible practice. Paying the third party's losses out of your own pocket without the insurance company's permission is prohibited. If you pay someone and they file a claim or a lawsuit against you, your insurance company may refuse to pay your car accident injury claim because you broke a policy condition.

Take Away

You must keep the above points in mind when you are involved in an accident and file a claim for the same so that your policy can not get rejected. It is important to follow the procedures correctly and remain cool while submitting a claim in order to recover damages and receive enough reimbursement from the insurance provider.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.