Why Royal Sundaram Can Reject Your Car Insurance Claim?
Published On Dec 04, 2021
When you buy a car insurance policy, you get the right to submit a claim with the insurer for any damage, loss, or accident to your insured vehicle. The amount of compensation granted in a claim settlement is determined by the IDV of your vehicle, the level of damage/loss, and the kind of policy you purchased.
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The procedure of filing an automobile insurance claim settlement with Royal Sundaram is simple and quick. The company provides both cashless and reimbursement claim settlements with more than 3,300 approved garages/body shops. Royal Sundaram's clients can choose from a variety of automobile insurance options. Third-party vehicle insurance policies, standalone own-damage car insurance policies, and comprehensive car insurance policies are among the insurer's car insurance plans. These car insurance policies provide full coverage for automobiles, with third-party car insurance covering any financial obligations you may have to a third party and a comprehensive package policy covering any loss or damage to your own vehicle.
Reasons Royal Sundaram Can Reject Your Car Insurance Claim
In India, third-party auto insurance is required, but many owners opt for comprehensive coverage since vehicle repairs may be costly, and coverage can help alleviate this financial strain. Unfortunately, the majority of individuals are unaware of the benefits of such comprehensive coverage policies. It's critical to study the tiny print and determine which scenarios or costs are covered or not covered. Do not wait until an expense occurs to discover that your claim has been denied.
Following are some of the most prevalent reasons for auto insurance claim rejection:
1. Before submitting a claim, thoroughly read the claim form. Reading the minutes of the form, whether it's cashless or reimbursement, is necessary.
2. Notify the insurance within 48 hours of the accident or vehicle loss.
3. When purchasing a used automobile, some people neglect to change the name on the car insurance policy. As a result, the insurance is null and invalid, and claims are denied.
4. Even if the damage is caused by an insured risk, installation of an LPG or CNG kit that is not covered by the insurance policy may result in rejection.
5. For claims to be processed, the motorist must have a valid driver's license at the time of the accident. Furthermore, the claim is denied if the motorist is under the influence of alcohol or any other unlawful drug.
6. Owners who purchase a car insurance policy for personal use but use the vehicle for business purposes will frequently have their claims denied by the insurer.
7. Claims for consequential losses are also denied. For instance, suppose the engine is destroyed as a result of an accident, but you continue to drive the car. This results in additional engine damage and subsequent loss, which is not covered.
8. Claims resulting from car theft from an unattended parking lot or accidents in which the seating capacity exceeded the allowed limit will be denied.
As a result, it's critical to understand the policy's inclusions and exclusions. This will help you prevent any negative experiences or losses in the future. Check out Royal Sundaram's Car Shield plan for full coverage. It includes a number of features, including roadside assistance and full-price coverage, and all exclusions are listed on the company's website.
In the event of an accident, the Royal Sundaram auto will be used. Optional Personal Accidental Coverage of up to Rs. 2 lakh is given for co-passengers. Uncertainties and unexpected events abound in life. Your life and property are of paramount value, and it's always a good idea to maintain financial backup alternatives available just in case. The 'Car Shield' vehicle insurance coverage from Royal Sundaram gives you peace of mind and protects you against unintentional losses. It also covers you for any type of legal liability, such as bodily harm, death, or property damage to a third party.
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.