Car insurance has become an integral part of our lives. Having the right car insurance policy can bring your peace of mind and ultimate relaxation given that any unforeseen damage or loss will be covered by the can insurance plan depending on the one you choose to buy.
An accident can occur just anytime and anywhere without any prior notice. When it comes to road accidents of cars, an individual relies on the car insurance cover to get compensation. However, filing a car insurance claim right after an accident can strip one of the benefits of No Claim Bonus (NCB) accrued on the motor insurance cover as a reward for not filing any claim for a certain policy term.
However, it should be kept in mind that the NCB discount is given only on the 'Own Damage' portion of the total motor insurance premium and not on the 'Liability Only' portion. There’s no stipulated or mandated rule for registering a car insurance claim and you must work out on your own to find out how much of the benefits will be lost if you file a claim with your auto insurance provider.
You should keep away from filing a car insurance claim with your insurer if you suffer any minor damage to loss to the vehicle. In case of any minor dent or scratch try to repair it from your own pocket because, if you file a claim on your car insurance policy for any minor damage you will lose the discount as per no claim bonus. So make sure that the very small repairs of your car you do from your own pocket.
In addition, also keep in mind that you should not file any claim in case of damage or loss that is not covered within the motor insurance plan you have purchased. For instance, if you purchase third party car insurance and file a claim for own damage, then the motor insurance provider will simply reject your claim. So make sure you know the exclusion of the motor insurance plan you choose to buy or renew your car insurance policy with.
You must also ensure that the car insurance policy you are buying is offering the best coverage. This is the best way to ensure total security of your vehicle. Don’t forget to compare car insurance policies online with other motor insurance providers in India. When you compare a number of motor insurance plans, you can easily chalk down the best plans as per your requirements and budget.
At GIBL.IN you can easily buy or renew your car insurance policy from the top motor insurance companies in India. You can find the best plans at the lowest guaranteed premium. In addition, you can also get assistance for claims settlement or claims registration. GIBL.IN is the one-stop destination for all your general insurance needs in India.
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