How to Claim Car Insurance Own Damage

Introduction

Car insurance is a type of insurance policy that protects you financially in case of any loss or damage to your car due to an accident or any other unforeseen event. It is a legal requirement to have car insurance in many countries, including India, and it is important to have it in order to protect yourself financially. One of the most important aspects of car insurance is the Own Damage (OD) cover. This covers you financially if your car gets damaged due to an accident, fire, theft or any other unforeseen event. In this article, we will be discussing how to claim car insurance Own Damage in India.

What is Own Damage Cover?

Own Damage cover is an integral part of car insurance and is mandatory in most states in India. It covers the insured’s car against any physical damage due to an accident, theft, fire, natural calamities, etc. This kind of cover protects you financially and helps you pay for the repair and replacement of your car, or even its entire value, in case of a total loss. It is important to have this kind of cover in order to protect yourself financially.

How to Claim Car Insurance Own Damage?

Claiming car insurance Own Damage can be a tedious process, but it is important to understand the steps in order to make the process smoother. These are the steps you need to take in order to claim car insurance own damage:

Inform the Insurance Company: The first step you need to take is to inform the insurance company about the incident. You can do this via phone, email or even in person. Make sure to provide them with all the relevant information about the accident and your car.
Submit the Claim: Once the insurance company has been informed, you need to submit the claim. This usually involves filling up a form and submitting it along with the required documents. Some of the documents you will need to submit are the FIR copy, hospital bills, repair bills, etc.
Survey: The insurance company will then send a surveyor to inspect the car and assess the damage. After this is done, the surveyor will submit a report to the company that will include the estimated cost of repair or replacement of the car.
Claim Settlement: Once the report has been submitted and approved, the insurance company will then settle the claim. Depending on the type of policy you have and the amount of damage, the company will either repair or replace the car or even pay out its entire value.

Documents Required to Claim Car Insurance Own Damage

In order to claim car insurance Own Damage, you will need to submit certain documents to the insurance company. These documents are required to process the claim and are essential for the successful settlement of the claim. Some of the documents you will need to submit are:

Copy of the FIR: This is the most important document for any claim and it is essential to submit it to the insurance company. It is the official report filed by the police in case of an accident.
Copy of the Driving License: This is required to prove that you are the legal owner of the car.
Repair Bills: If the car needs to be repaired, then you will need to submit the repair bills in order to get the claim amount.
Hospital Bills: If there are any medical expenses due to the accident, then you will need to submit the hospital bills in order to get the claim amount.
Claim Form: This is the form that you will need to fill up and submit in order to initiate the claim process.

Conclusion

Car insurance Own Damage cover is an important aspect of car insurance and it is essential to understand how to claim it in order to get the most out of it. The above article explains the steps you need to take in order to claim car insurance own damage, as well as the documents you will need to submit in order to get the claim amount. So, make sure to read up on all the information before initiating the claim process.