Vehicle insurance covers a variety of unforeseen losses that your vehicle can experience while travelling. You may get them covered by comprehensive vehicle insurance, whether it’s a total loss of the insured car or a tiny accident that only results in a few minor car scratches and dents.
Before deciding how to claim car insurance, though, you should think about foregoing filing a claim and paying for the repairs out of pocket. This is due to the possibility of a future premium increase if claims are made for minor car damage.
When filing an online car insurance claim in India for minor repairs, you should take the following factors into account:
- Will your car insurance policy cover it?
When filing a claim for vehicle insurance scratches, the first and most important question to ask yourself is: what is covered in car insurance?
Damage to third parties is not considered small damage, and you can file a claim for it with this kind of insurance policy. But you cannot use a third-party policy to cover small damages to your vehicle.
If you have a comprehensive car insurance policy, you may be able to file a claim for a little repair. This coverage offers financial support in the event of third-party obligations in addition to what is covered in car insurance for your own damages. Hence, before filing an insurance claim for a scratched car, you must take into account the type of car policy you have.
- Will your NCB be affected?
Before filing a modest car insurance claim, it’s important to take into account how the claim may affect your No Claim Bonus concession. A policyholder receives an NCB as compensation for not filing a claim during the insurance year. This incentive builds up and can be utilised to gain a concession on the premium when your insurance is renewed. *
But filing a claim can invalidate your NCB incentive if your car has sustained minor damages like a scratch or dent. On the other hand, you can use your NCB concession and pay a lower price on subsequent four-wheeler insurance purchases if you pay for these minor repairs out of your own cash and don’t file any claims. * ##
- Has it any effect on your deductibles?
When you get car insurance online, you might consent to pay a portion of the total sum insured when a claim is settled. This sum is referred to as a deductible. The insurance provider pays the remaining claim sum. As a result, you end up paying for some of the harm done to your car. *
Furthermore, because you have filed a claim with your car insurance company for a minor repair, you will forfeit your NCB incentive in this circumstance. Hence, be cautious about assessing the deductible amount you will have to pay and whether it works in your favour or not before filing a claim for minor repairs like car scratches. *
- Has it had an effect on your premium?
Increasing subsequent claims affects both your claim history and NCB. The price you will pay for your car insurance in the future will be greatly influenced by this element. You can eventually be required to pay a higher motor insurance rate if you file several claims, even for modest repairs. *
If you are at fault in the majority of claims and these claims are frequent, there is a potential that your insurer will raise your vehicle insurance rate since they will view you as a significant liability. Hence, avoid submitting an insurance claim as much as you can to prevent having to pay more later on for the same coverage. *
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
