Reasons Why Future Generali Can Reject Your Car Insurance Claim
Updated On Oct 16, 2023
Read this article to understand the most common reasons why your car insurance claim might have been rejected at Future Generali India Insurance.
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Accidents can be traumatic events especially when they have resulted in causing severe damage to your prized four wheels. At this time, it is very important to have a car insurance policy that helps you to deal with expensive repair bills. However, it is important to place a claim lawfully to avoid rejection. Insurance companies reject policyholder’s claims for various reasons. In this article, you can read about the common reasons why Future Generali India Insurance may reject your car insurance claim and also get tips on avoiding it.
Common Reasons Why Your Future Generali Car Insurance May Get Rejected
The following are a few reasons why your claim for your car insurance may get rejected at Future Generali India Insurance -
Being Honest About The Accident
A car insurance policy isn't meant to earn money; rather, it's meant to reimburse the policyholder in the event of a loss. Future Generali India Insurance relies on the principle of "extreme good faith." As a result, hiding or misrepresenting facts is fraud. Aside from being rejected the claim amount, such behaviour might lead to legal issues. The key to collecting your insurance payout is to file your claim on time and to tell the claims staff all there is to know about the accident. The claims examiners may interview you about the occurrence and seek particular documentation.
When You Don’t Inform Future Generali About Car Modifications
Car components are regularly changed by car enthusiasts to improve the car's performance or look. Modifications that boost the car's performance and speed might result in a reduction in car security and, as a result, an increase in your car insurance rate. As a result, if you fail to reveal information about such changes and are later engaged in an accident or other tragic occurrence, your car insurance claim is extremely likely to be denied.
You may also like to read:- How to Cancel A Car Insurance Policy and Receive A Refund?
Expired Car Insurance Policy
Every insurance policy has a fixed time of validity after which it must be renewed in order to stay active and get the advantages it offers. You will be unable to submit a claim or get insurance benefits if you do not renew your expired coverage. Because accidents may happen at any time, it's essential to keep your insurance coverage up to date. Being prepared for a calamity is preferable to be caught off guard. If insurance coverage has expired, no insurance company will accept a claim. As a result, if you submit a claim under an expired car insurance policy, your insurance company will deny your claim.
Misconduct of Traffic Rules
Car insurance and the law are inextricably linked. If committed during the accident, underage driving, intoxicated driving, driving without a valid licence, and other offences are penalised and may result in the claim being denied. Your insurance claim will almost definitely be refused if Future Generali India Insurance learns that you did not obey the law during the collision.
Purpose of The Insured Car
The intended purpose of the vehicle is used to classify insurance coverage. Private and business car insurance policies fall into different categories. If you have private car insurance coverage with Future Generali, it is likely that it will be denied if you are in an accident while driving for business.
Non Disclosure of Repairs
Your insurance claim may be invalidated if you fix your car without telling your insurer. This is owing to the fact that after an accident, Future Generali conducts surveys on the damaged car in order to insure it. Before starting with the repairs, it is important to get clearance from the insurer.
Also Read:- All About Car Insurance Frauds In India
It may appear like filing a car insurance claim is a difficult process, but it is important to follow the right procedures at each stage to protect your safety and prevent having your claim denied. To prevent legal difficulties, make sure you don't omit information from your insurance provider while submitting a claim and that you renew your coverage on a regular basis.
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.