MANAGEMENT

Detailed explanation-1: -Inform your insurer Initiate the car insurance claim by informing the car insurance company as soon as possible about the accident and the magnitude of it. Most insurers have a time limit to inform them about the accident, if you fail to intimate them within the deadline, your claim may be rejected.

Detailed explanation-2: -One needs to register a claim with the insurance company immediately after the accident takes place. The insurance company verifies the documents, and upon finding the claim to be genuine, the insurer pays for the damages caused to the vehicle.

Detailed explanation-3: -Some insurance companies expect the policyholder to claim within 48 to 72 hours of the event.

Detailed explanation-4: -Third-party insurance, which is also sometimes referred to as ‘act-only’ insurance is a statutory requirement for all vehicle owners as per the Motor Vehicle Act. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property and physical injury.