Whether it is your car or your life,
protecting it from unforeseen threats is very important as things are really
unpredictable these days. Every two and four wheeler owner must have a valid
motor insurance in India. This rule was passed in the motor vehicles act of
India by the Indian government. However, the main problem is that many two and
four wheeler drivers/owners do not have a proper motor insurance which creates
a problem during and after an accident.
First of all, it is a criminal offence in the eyes of law and secondly,
the person who needs either medical or financial assistance has to bear all the
expenses as there is an absence of a motor insurance policy.
One must buy motor insurance policy in
order to stay safe and secure from all types of road incidents. Buying motor
insurance is just not enough. When your vehicle is insured, you are entitled to
get a claim from the insurance company in case of damage to the policy holder.
The type of damages that are covered or the sum receivable depends on the kind
of insurance policy.
Most motor insurance policies are third party by type which is a mandatory one
to get if you are driving or riding on Indian roads. If there are certain
add-ons in your insurance policy, it also includes first party liabilities.
If a person meets with an accident which
leads to damage of self or the vehicle, he/she is advised to inform the cops
about the incident. The cops will in turn issue an FIR, which is an official
document provided by the police. FIR is mandatory to take things forward in
terms of motor insurance. For instance, if you meet with an accident, you need
an FIR to file a motor insurance claim. Along with the FIR, you would also need
a copy of your driving license (copy and original), copy of FIR and a fully
filled claim form of the insurance company.
You need to submit more than just these
documents depending on the kind of claim. For instance, if your car is stolen,
you need to hand over all the keys of your stolen car and a report stating that
your car is not found.
If your vehicle is damaged during an
accident, you will need to submit the original invoice of the repairs along
with payment receipts in case of cashless insurance claims.