Earlier, one had to wait for several days after raising a car insurance claim. It not only wastes time but also causes great inconvenience as you need to pay from your pocket to complete the repair works. To put an end to this ordeal, many insurance companies offer cashless claims to their customers.
A cashless claim or cashless settlement is a feature where you can get your car repaired at a garage without spending anything. According to this feature, an insurer will provide a list of garages that will provide this facility to you if your car gets damaged after an accident. Some of the key differences between a cashless claim and a reimbursement claim are given below:
- A reimbursement claim requires you to bear the expenses initially. Once the repair works are done, you can get the invoice from the garage and get it reimbursed. For cashless claims, the insurer clears the invoice directly by sending the payment to the garage.
- You can raise a reimbursement claim after getting your vehicle repaired from any garage in India. The cashless claim service is available at only some of the network garages that are mentioned in the policy document.
- Before settling the reimbursement claim, the insurer will verify your documents and bills. This needs extra time and the process can become tedious sometimes. Cashless claims are processed quickly as the insurer settles the claim directly.
Follow the below process to get a cashless claim service without any issues:
- After damage or accident, inform the insurer immediately. The insurer will send a representative on the spot of the incident and your vehicle will be taken to the nearest garage that is listed in their network.
- The repair works will be commenced immediately as the insurer will inform the garage immediately once you notify them about the accident. The cashless claim process will also be commenced simultaneously.
- After completing the repair works, the invoice will be sent to the insurer directly. The claim amount is cleared upon successful verification of documents and invoice.
As an insured, you will need to pay the deductible as agreed initially. You need to bear the depreciation costs as well. Except for these minor costs, everything else will be covered by the insured. To get cashless car insurance claims and other benefits without any hassles, you must do your research before buying four-wheeler insurance.
Bajaj Allianz car insurance policy provides extensive car insurance policies that offer coverage for damages, accidents, thefts, natural calamities, and man-made disasters. It offers a cashless settlement service across the country with thousands of garages listed under the network garage list.
It even provides a zero depreciation cover that reduces your expenses by covering the additional costs that are required to replace depreciable spare parts. You can also avail conveyance benefit, personal baggage cover, engine protection cover, and other additional covers to enhance the regular four-wheeler insurance policy coverage. A seamless and hassle-free online application and policy renewal procedure is adopted by Bajaj Allianz.
You can check the status of the car insurance policy online to analyze the changes in the coverage and other details. It also helps you to decide whether you need to continue with the existing insurance plan or switch to a new four-wheeler insurance policy at the time of policy renewal. With Bajaj Allianz car insurance policy, you have the choice of purchasing a third-party liability cover or comprehensive car insurance policy as per your requirements. With some many options and features, Bajaj Allianz will certainly fulfill your expectations related to four-wheeler insurance.
