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Easier claim settlement with cashless motor insurance

by wooledge

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For any car owner, the moment of truth arises when he applies for his motor insurance claims. A speedy claim settlement process proves an incentive for the insured to continue with the same plan but a lengthy procedure will discourage him from doing so. To ensure customers enjoy a fast claim settlement process, companies today offer cashless motor insurance facility. This reduces the hassles of following up with the company for your claim.

A motor insurance plan offers you two kinds of claim settlement processes. Reimbursement for the cost incurred, under which you need to bear the expenses of the repair and later claim a reimbursement from your policy provider and the other in cashless motor insurance.

The working of a cashless motor insurance will remind you of the cashless facility provided by medical insurance. To provide cashless facility, motor insurance providers have tie ups with garages all across the country. In case, you get your car repaired at any of the network garages of the policy then you can get the expenses directly settled by the insurer. If you get your car repaired at any other garage then you will have to pay for the cost then and raise a claim later.

Availing a cashless facility frees the car owner from the hassles of claiming a reimbursement after he settles the bill. This facility only covers the cost that is covered by the policy. Difference amount, if any, needs to be handled by policy holder as confirmed by the claims manager to the garage.

Other reasons why cashless motor insurance is a real hit are as follows–

• The insurer takes responsibility for the repairs of the car. So you don’t have to stress about it anymore. It is taken good care of at the network garage of the policy and attended by the company representative.

• The company sends a surveyor to inspect the damages to the car. If required, they will even take the car to the nearest network garage to get the repairing done. The car is returned to you after complete servicing.

• Insurance providers partner with the best in business service stations. So you can be sure that your car is in good hands and is getting the best service. There is no threat of getting duplicate parts installed in your car.

• Cashless motor insurance saves you from the lengthy process of filing a claim. The costs are taken care of then and there by the company and directly settled with the garage; all you need to do is pay the difference amount if any.

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