Buying a car can be a great achievement for many people. Test drive in the process of taking a car, arranging money, getting a car loan, and buying insurance can be an exciting experience for a while. In addition, vehicle insurance policy is also required. Vehicle theft is a serious problem in India, the comprehensive insurance policy provides protection in lieu of car stolen. Note that the comprehensive insurance policy provides protection against theft, financial loss to vehicle, and belongings due to natural disasters or man-made disasters such as fire, flood, earthquake, electricity, theft, malicious act, rioting, housebreaking, etc.
What to do when a car is stolen:
File an FIR: The first step is to immediately register an FIR, as soon as you come to know about the theft, go to the nearest police station and file an FIR. Once the FIR is registered, you have to inform your car insurance company about the theft. You should also inform the nearest (Regional Transport Office / RTO) about the theft.
Fill claim form: The second step is to fill the claim form. You should call your insurer's customer service center and submit a claim form. The information to be filled in the form includes car detail, policy number, as well as time date and detail of the incident.
Documents and Claim Deposits: Submit a copy of your car's registration certificate (RC), signed claim letter, first two pages of policy documents, driving license, police FIR, and a stolen information letter stating to the regional transport office.
Compensating: You must also submit the original invoice and payment receipts of the repair work to the car insurance company. The amount will be sanctioned on behalf of the insurance company or the survey. It will be compensated as per the amount.
Read also: Now complete your bank work from your WhatsApp: Know here what are the charges
How to apply online for SBI e-Mudra Loan? Know here eligibility and documents
How to reduce home loan EMI burden? Keep these tips in mind
Image credit: coverfox