15/01/2019
Money Accelerators-Ur Financial Coach
Lesson 1
Car Insurance Claim for flood effected Cars
A car is a precious possession. You buy a car with your hard-earned money and would want to keep it safe from any damage. Due to many unforeseen incidents sometimes your car can suffer damage. One such reason is floods.
Here,we will help you understand how you can get insurance claim for your floor damaged cars. We have made the points extremely simple for you to understand and make sure you are eligible to get a claim in such cases.
Before we move on to that, below is a checklist that you must follow to deal with a flood damaged car:
1. Do not try to push start or turn on ignition of a car that is stuck in water. It will only cause more damage.
2. Even after the water has subsided, make sure not to crank up the engine.
3. It is advisable to disconnect the battery and het your car towed.
4. After your car arrives a safe garage, get it rust-proof.
5. Check if the brakes are working properly.
6. Make sure the radiator fan motor is also working properly.
Registering a claim:
If you are not sure on how to go about to register a claim, here is a simple guide on how you can go about it:
1. First of all don’t panick. There will be a helpline no. mentioned on your car insurance policy. Call them.
2. Provide basic information. (where the car was when the incident took place.)
3. You will receive a Claim Registration number, keep that for all future references.
4. A surveyor will then assess the damage to your car. You will need to make sure that the claims of the damage fall within the parameters provided under the plan.
5. Then you just need to sign the approval sheet and save copy for yourself.
6. Ask for a status update, if you think there is a delay.
7. After the repair work is done, make sure to check once.
8. Then you’re ready and don’t forget to purchase an insurance policy that includes all addons.
In case of damage, a regular car insurance will never suffice to cover for all damage. Here are few addons that you must consider for your car:
1. Zero Depreciation cover: This will allow you to get covered for damage of all spare parts of the vehicle.
2. Road side 24*7 assistance: During times when a car gets stuck in a flood situation you will need help getting it towed into a garage. This assistance will also cover other minor damages like replacement needed to damaged tyres.
3. Engine Protection: This includes costs of engine repairing, mostly helpful in case of costlier cars.
We hope now you have a better clarity as to how you can go about claiming for a flood affected car