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Vehicle insurance claims can be categorised into several types based on the nature of the incident and the coverage provided. It’s important to review your insurance policy to understand the specific coverages and limits, as well as the procedures for filing claims in different situations. Here are some common types of vehicle insurance claims and how to make a claim:

Collision Coverage Claims

Collision coverage claims pertain to incidents where your vehicle is damaged due to a collision with another vehicle or object. Understanding the terms and conditions of your collision coverage, including the deductible and coverage limits, is crucial for making informed decisions in the event of an accident. Collision coverage is pretty common when accidents happen, so here’s an overview of collision coverage claims:

• Fault-Based Coverage: Collision coverage is typically considered a fault-based coverage. It applies when you are at fault in an accident, and your vehicle sustains damage.
• Coverage Details: This coverage pays for the repairs to your vehicle or provides the actual cash value of your vehicle if it is deemed a total loss after a covered collision.
• Claim Process: After a collision, you should promptly report the incident to your insurance company. This involves providing details such as the date, time, location, and a description of the accident.
• Assessment and Estimate: Your insurance provider will request you to obtain repair estimates from their approved collision repair shop. Then, they will work on your behalf to get your car repaired as quickly and safely as possible.
• Deductible (Excess): You’ll be responsible for paying the deductible (Excess) specified in your policy (when you are at fault). The insurance company covers the remaining cost, up to the policy limit.
• Total Loss (Write off): If the cost of repairs exceeds the actual cash value of your vehicle, the insurance company may declare it a total loss. In such cases, you would receive a payment based on the vehicle’s pre-accident value.
• Non-collision events: It’s important to note that collision coverage specifically addresses collisions with other vehicles or objects. Non-collision events, such as theft, fire, vandalism, or natural disasters, are typically covered under comprehensive insurance.

Comprehensive Coverage Claims

Comprehensive coverage extends beyond collisions, providing protection for non-collision events such as theft, fire, vandalism, natural disaster, or collisions. If your car sustains damage from any of these incidents, filing a comprehensive claim becomes necessary. Timely reporting and providing detailed information about the incident can expedite the claims process. Additionally, keeping records of preventive measures, such as installing anti-theft devices, may positively influence the claim outcome.

Third Party Insurance Claims

Third party insurance is designed to cover damages for which you are legally responsible. In the event of an accident where you are at fault, this coverage comes into play. Typically, Third party claims involve the other party’s suffering physical harm and property damage. It is important to inform your insurance company promptly and cooperate fully with their investigation. Having Third Party insurance is not a legal requirement; But it’s a financial safeguard that protects you from potential lawsuits and costly damage repairs to another parties expensive property.