• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Monday, February 6, 2023
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business Money

Your Car Insurance Claim May Get Rejected. Here’s Why & How to Avoid It

Donna Gilbert by Donna Gilbert
January 3, 2023
in Money
0
Your Car Insurance Claim May Get Rejected. Here’s Why & How to Avoid It

Car insurance is among the bare minimum compliance and registration and PUC required per the Motor Vehicles Act. This makes it crucial not to miss such insurance cover. Since it is compulsory to have one, you must make full use of it. This starts with selecting one among the two types of car insurance policy, a third-party cover or a comprehensive approach.

Car Insurance Claim

Article Summary show
READ ALSO
What is Meant by Pure Endowment?
Can You Make Money From Day Trading?
Concealment of truth
Uninformed modifications
Expired insurance cover
Violating traffic regulations

READ ALSO

What is Meant by Pure Endowment?

Can You Make Money From Day Trading?

Third-party insurance or a liability-only plan ensures coverage against legal liabilities that may arise in the event of an accident or collision, either injuring a third person or damaging third-party property. Both these forms of losses are covered under a third-party car insurance cover. However, people opt for a comprehensive plan due to its limited coverage. Under a comprehensive cover, the damages to your car are also covered by the insurer in addition to third-party coverage, akin to a liability-only policy. Moreover, other perils like natural calamities and manufactured events are also included in the comprehensive range.

To claim these damages depending upon your policy’s scope, it is essential to ensure compliance with your car insurance policy terms. But at times, due to lack of information, there is a lapse in such adherence, the claim may get rejected. This article elaborates on some of the reasons why your claim may get rejected and how you can avoid it.

Concealment of truth

Insurance policies are not a way to earn profits but instead mitigate the losses. An insurance contract is based on the principle of ‘uberrimae fidei,’ which means utmost good faith. The insurance companies rely on the information provided by you, the policyholder, and any concealment of truth is tantamount to fraud. This can be sufficient grounds for the rejection of your claim application, and hence, you are advised to declare all facts correctly and adequately.

Uninformed modifications

Any modifications to the car need to be informed to your insurance company. Since changes are done to improve your vehicle’s aesthetic appeal or performance, they directly impact the insurance company’s risk, impacting the premiums. Thus, any modifications to your car that are not informed to the insurance company may be a reason for the rejection of your claim application. To avoid this, you must keep the insurance company updated on any such modifications to your car.

Expired insurance cover

Car insurance plans are valid only for a specified tenure. Claims made after this period are rejected since the coverage has already ended. While it is apparent that you need to keep your coverage active to make a claim, it is essential to remember not to let it lapse. Thus, ensuring timely renewal is necessary. With the help of car insurance renewal online, such regeneration is possible without leaving your home.

Violating traffic regulations

Violation of traffic regulation is another reason why your claim may get rejected. The law and insurance rules go hand-in-hand, and thus adherence to the law is essential. For instance, driving after consuming intoxicating substances attracts penalties, so accidents resulting from such situations are also rejected.

These are some of the different reasons a car insurance claim can be rejected. In comparison, the article describes how you can avoid it and make a thorough note not to make these mistakes. Also, remember that insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, you can read the sales brochure/policy wording carefully before concluding a sale.

Related Posts

What is Meant by Pure Endowment?
Money

What is Meant by Pure Endowment?

January 23, 2023
Can You Make Money From Day Trading?
Money

Can You Make Money From Day Trading?

January 7, 2023
What is a Good Credit Score and How You Can Maintain It?
Money

What is a Good Credit Score and How You Can Maintain It?

January 3, 2023
5 Reasons to Buy Term Insurance at a Young Age
Money

5 Reasons to Buy Term Insurance at a Young Age

January 3, 2023
Steps to Check Credit Score for Free Before Availing a Personal Loan
Money

Steps to Check Credit Score for Free Before Availing a Personal Loan

January 3, 2023
Are You Lying To Yourself About Money?
Money

Are You Lying To Yourself About Money?

January 3, 2023
Next Post
Here’s How to Avoid Paying a Bomb for Your Bike Insurance Policy

Here’s How to Avoid Paying a Bomb for Your Bike Insurance Policy

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • Pandora Bracelets: What You Need to Know About Them
  • Natural Remedies to Get Rid of Armpit Pimples
  • Cloud Computing Services Are Taking Over The World
  • Intz Stock: What Is It
  • What is Meant by Pure Endowment?
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2021-2023 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In