Mistakes To Avoid During The Renewal Of IFFCO Tokio Car Insurance

Published On Oct 11, 2021 10:00 AM By InsuranceDekho

You should Avoid Mistakes in renewal of IFFCO Tokio Car Insurance. Read this article to take a note of the things that you should avoid during the renewal of the car insurance.

According to the Motor Vehicle Act, 1988, third-party car insurance is required for all Indian drivers. If you're caught driving without a license, you'll be hit with a hefty fine. Having car insurance is not only required by law, but it also protects you financially in the case of an accident, car theft, or damage to the car caused by natural disasters. In other words, having car insurance is critical.

Mistakes To Avoid During The Renewal Of IFFCO Tokio Car Insurance

Many individuals report that their car insurance claim was denied or that they received little reimbursement. This generally happens due to misunderstanding or an error made during the claim submission process.

The most frequent blunders people make while submitting a car insurance claim -

1. Failing to Notify The Cops

To avoid legal issues, many individuals neglect to call the cops after an accident. However, if you wish to file a claim for your damages, you must call the cops right once. The other person involved in the collision may attempt to settle without calling the cops. Notifying the police about the accident is prohibited. Insurance companies also require a police FIR to start the IFFCO Tokio car insurance claim procedure.

2. Not Notifying The Insurer

Just as you must notify the policy, you must also notify your IFFCO Tokio car insurance provider. Most insurance companies need 24-72 hours to report an accident. If you don't report the accident, your claim may be denied.

3. Leaving The Accident Site

One of the most frequent errors individuals make after a car collision is fleeing the scene or relocating their car. To prevent having your claim denied, you must not leave the site and take photos of the incident as evidence. The proof will also assist you in establishing your innocence to the cops. If you require medical attention, make arrangements without moving your car. Finally, collect a statement or testimonies from witnesses around the scene. This will support your compensation claim.

4. Panic

It's normal to feel anxious and frightened after a car accident. Stress in such a scenario will only exacerbate the issue. Keep cool, and don't argue about it. Instead, concentrate on finding a solution and thinking of ways to get out of the situation without harming yourself or others.

5. Paying In Cash

In the event of a small injury or property damage to a third person, you must not pay compensation out of pocket. I'm afraid that's not right for numerous reasons. First, the third party's injuries may seem minor at the time of the collision but may become severe. Also, car damages may develop whiplash over time.

Second, paying a third party for losses without the IFFCO Tokio car insurance company's permission is unlawful. If you pay someone and sue you, your car insurance company may refuse to pay your car accident injury claim because you broke a policy provision.

6. Final Payment Cheque Acceptance

Insurance companies may sometimes issue a 'final payment' check to settle a claim. Accepting the check should be avoided unless the amount is adequate to pay all damages. Most individuals accept the money because they think filing a claim is cumbersome. It is possible to submit a car accident claim online, provided you follow the requirements properly.

Take Away

Recovering damages and receiving enough reimbursement from the IFFCO Tokio car insurance company are dependent on following the regulations properly and being calm when submitting the claim.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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