An individual should make a motor insurance claim in India in the following situations:
Accidents Involving Third-Party Property or Injury
If you are involved in an accident where there is damage to third-party property, it is important to make a claim under your motor insurance policy. It is mandatory in India, and it provides coverage for such situations.
Accidents Resulting in Significant Damage to Your Vehicle
If your vehicle is involved in an accident that results in significant damage, it may be necessary to file a claim under your motor insurance policy to cover the cost of repairs. This is particularly true if the cost of repairs is high and you cannot afford to pay for it yourself.
Theft of Your Vehicle
If your vehicle is stolen, you should immediately file a claim under your motor insurance policy to cover the cost of the lost vehicle. Most motor insurance policies in India provide coverage for theft, and you can recover the insured declared value (IDV) of your vehicle in case of theft.
If your vehicle is damaged due to natural calamities such as floods, earthquakes, or landslides, you can make a claim under your motor insurance policy. Comprehensive insurance policies cover damages due to natural calamities, and you can recover the cost of repairs through a claim.
Personal Accident Cover
If you have a personal accident cover as an add-on to your motor insurance policy and you are involved in an accident resulting in injury or disability, you can make a claim under this cover to receive compensation for medical expenses or loss of income.
It is important to note that you should always inform your insurance company immediately after an accident and follow their guidelines to make a claim. It is also important to provide accurate information and necessary documents to support your claim.