A comprehensive policy for automobile insurance coverage provides higher protection than fundamental third-party insurance coverage. It covers third-party damage, however likewise losses and ‘own’ damages in case of a mishap. It likewise covers theft and manufactured catastrophes. Your insurance company will pay up to the Insured Declared Worth (IDV) of your four-wheeler if it is taken.
To get settlement from your insurance coverage in case of automobile theft, nevertheless, you will require to sue. To prevent hold-ups or disparities in approval, the claim should be submitted as quickly as possible after the automobile was taken. To do this, it is necessary to initially comprehend the claim submission process
These are the actions to finish a car-theft claim
1. Submitting an FIR
When you find that your automobile has actually been taken, you need to submit an FIR at your regional police headquarters. For you to submit a grievance, the authorities will require your information. A copy of your FIR will be sent out to you, which will be needed for submitting the claim.
2. Contact your insurance provider
The next action to filling a insurance coverage claim for automobile theft is to inform your insurance company. The business can be alerted online or offline about the break-in. Most significantly, you will require to finish a claim type, supplying information such as policy number, automobile number and other relevant details.
3. Notify your RTO
According to the Automobile Act you should inform your RTO (Regional Transportation Workplace), about any automobile theft. The RTO officer will sign a couple of kinds. The RTO officer will offer you the transfer documents that should be sent to the insurer
4. Send out the needed files to your insurance company
For an effective car-theft insurance coverage claim, your insurance company will ask you to supply a number of files. These files consist of:
- Copies of insurance coverage files
- Initial copy of FIR.
- The claim type.
- Copy of driving license
- RC book copy.
- RTO Transfer documents and relevant RTO kinds
For an effective claim filing, you will require to supply your initial automobile secrets (2 sets).
5. Authorities: Gather no-trace report
The authorities will start an examination when you have actually submitted an FIR. If your lorry can not be traced within a specific period, you can ask for a no-trace report at the station. This is needed to have your claim authorized by your insurance coverage.