 |
|||||||||||
 |
|||||||||||
|
|
||||||
|
Auto Insurance Auto insurance is mandatory for all new vehicles be it for commercial or personal use. Insurance Companies are coming out with comprehensive policies for its customers. They are also tying up with leading automobile manufacturers for a swift insurance process. An automobile may be insured against loss or damage by accident, fire, burglary, while in transit, third party accident etc. Auto insurance companies come out with unique plans for four wheelers, two wheelers, commercial vehicles. Types Of Auto Insurance Available: • Two Wheeler Insurance • Car Insurance • Commercial Vehicle Insurance Auto Insurance Claim Procedure: Auto insurance claims can be accidental, theft claims or third party claims. • Insured should write the number of the other vehicle in case of an accident or third party claim • Names of witness should also be written down • File an FIR with the nearest police station • Insured should then contact the insurance company and get a claim number • A surveyor is appointed who reports the approximate value of loss or damage • Based on the report of the surveyor, insurance companies try to send the amount to the insured within one to three weeks • An individual might have to pay the repair charges himself and later get it reimburse Documents Required for Auto Insurance Claim: For Accident Claims 1. Claim form duly signed 2. RC copy of the vehicle 3. Driving license copy 4. FIR on a case-to-case basis 5. Original estimate 6. Original repair invoice, payment receipt from the service center For Third Party Claims: 1. Claim form duly signed 2. Police FIR copy 3. Driving license copy 4. RC copy of the vehicle List of Some of Insurance Companies Offering Auto Insurance: Bajaj Allianz - Bajaj Allianz's Motor Insurance ICICI Loamabard - Motor Plans United India Insurance Co. - Motor Package and Liability Only Policies The New India Assurance Co. - Motor Policy |