Checkout the reasons for rejection of your Car Insurance Claims despite having a car insurance policy. Simple online process | Add-ons | Free Claim Assistance | Easy Renewal
It's a rough time; you've just dealt with an accident, and even the painkillers you were prescribed cannot stop the pain caused by your car insurance claim getting rejected. But don't worry, we're here to tell you how to avoid this exact scenario, so you can get the most out of your car insurance policy.
To make sure your car insurance claim gets approved, there are a number of factors you need to be vigilant about. Insurance providers go over every claim request with a fine-toothed comb.
Here are some of the most common reasons why car insurance policy claims get rejected
If you have modified your vehicle
Your car insurance policy can be quite literal in the cover it provides to you. That means it will cover every aspect of your car at the time of purchasing the car insurance. If you replace any part, or add modifications to your vehicle, your claim can get rejected, since these modifications make it a different car in the eyes of your insurance provider. That is why you need to make sure to update your insurance provider immediately after you have made any modifications, to avoid your claim getting rejected in the future.
Also Read: How will Modifications Affect My Car Insurance?
If you haven't updated the transfer of ownership
Your car insurance policy is only applicable on vehicles under your name. If you buy a second-hand car, you cannot apply for a claim unless the car is in your name. This means you need to change the ownership of the car you buy into your name immediately upon purchase. If not, your car is essentially operating without insurance.
If you've waited too long
Car insurance policies come with a time frame that is applicable towards filing claims. This means you cannot take too long to file for your claim after the accident. Most car insurance companies offer a buffer period of 48 to 72 hours post an accident to start the claim process. If you fail to intimate them in this time period, your claim can get rejected. You can make this process easier by purchasing your car insurance policy from insurance brokers like Coverfox, that provide assistance with dealing with the claims process.
Also Read: How To Deal With A Car Accident? Things To Do
If your car insurance policy has lapsed
The benefits your car insurance policy offers are only applicable till the day specified in the policy term. If you apply for a claim even an hour after it has lapsed, the car insurance company effectively owes you nothing. That is why it is extremely crucial to be vigilant about your policy term, so you can renew it in time and continue to enjoy a secured drive.
Also Read: Secrets That Your Motor Insurance Companies Won't Tell You
If you've given any false information, or have been negligent
As mentioned earlier, your car insurance policy is extremely literal about the elements that are provided with cover. This excludes any damage that occurs if you are negligent. This includes driving under the influence of alcohol, using your car without a valid license, being in violation of road rules and more. Additionally, since your car insurance policy covers only those things mentioned at the time of purchase, if your car has suffered some damage before this, which hasn't been mentioned to the company, they can reject your claim.
Dealing with the claims process can be daunting, but it becomes much easier if you have a dedicated insurance expert to guide you through all the loopholes. You can avail of such services from insurance broking companies like Coverfox, that provide assistance from the beginning and till the end of your car insurance policy. To know more, click here
Also Read: 5 Interesting Facts You Must Know About Car Insurance