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Insurance is not a physical product or an instance service. Instead, it’s a promise the customer expects from the insurance company that when he lands in trouble, the company will help him out. The success of a since company relies on its claim settlement ratio. The company might make profits, but if the client base is not happy with the claim process, the company will soon meet its demise.

auto claim

Following, we will give you some tips to file your claim.

Not Filing A Police Report

The Police Report is important to process the insurance claim if your car has been stolen, etc. The clients should file an FIR at the nearest police station, obtain a copy and attach this with the application to get a claim.

The FIR is not important in every case, but it makes a claim more credible. Yes, it helps during the settlement process and assures the verdict is favorable.

Bad Documentation

If you don’t have proper documentation, the claim settlement team will have a hard time processing your claim. Moreover, your insurance policy will become invalid in case it crossed the expiry date.

Lack of proper documents is another common mistake. If you don’t have proper documentation, the claim settlement team will have a hard time processing your claim. Moreover, your insurance policy will become invalid in case it crossed the expiry date.

Remember, claims raised with invalid values are not settled. The insurance company can demand a copy of the following documents:

  • Driving License
  • Vehicle Registration
  • Insurance Policy, etc

It is imperative that you raise your claim as soon as possible.

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Delay

You need to raise the claim at your earliest. The court will consider if you were injured or state of shock due to the accident, but you have three days to raise the claim. If you don’t raise your claim within this time-frame, your claim will become stale.

Stale claims are very difficult to process because the incident application duration is different from one vendor to another.

Bad Coverage

Another common issue is inadequate coverage. American Insurance can be confusing, and most people don’t understand their coverage. This creates the possibility in which the claim raised was not covered in the policy.

Therefore, you must read all the terms and conditions. Make sure you understand every single word including inclusions and exclusions. Don’t buy the insurance until you are fully acquainted with it.

What makes things worse is terms live DV (Declared Value), Deductible, Depreciation, etc. There are many other factors make a claim. But, bad knowledge of your insurance and its terms can lead to false expectations.

If you were not aware of the terms, you might feel cheated if the insurance doesn’t settle the claim based on what you asked.

The Time

General Insurance changed after the digitization. The rise of the internet has forced companies to become more transparent and honest. The claim processing is improved to ensure people a trouble-free experience for clients.

Getting car insurance helps keep your car out of the harm's way. To make sure you won't have any issue with your claim, stay up to date with your insurance company. Read all of the insurance-related the matter.

Jessica Davison