Car insurance can help with unexpected minor damages like dents and scratches, but it’s crucial to consider if it’s worth claiming such issues. Comprehensive Bajaj Allianz car insurance covers various losses, from total damage to minor dents.
However, it’s wise to think twice about claiming insurance for minor car scratches if you can cover the repair costs yourself. This is because filing a claim for nominal damages might lead to higher premiums.
Before filing a minor car repair claim with your Indian car insurance, keep the following points in mind:
Will Your Car Insurance Policy Cover It?
Before going ahead with a car insurance claim process for scratches, ensure your current policy covers it. Third-party liability insurance doesn’t cover minor damages; it’s for property damage, passing away, or bodily injury claims. Only a comprehensive policy, offering both own damage and third-party coverage, allows you to claim for minor repairs. So, check your policy type before claiming car scratches.
Does That Impact Your NCB?
Before making a small car insurance claim, consider its impact on your No Claim Bonus (NCB) concession, a reward for claim-free policy years. Filing a claim for minor issues like scratches or dents may reset your NCB. To save on future premiums, handle these repairs independently and utilize your NCB concession. So, weigh the effect on your NCB before going ahead with the car damage insurance claim process.
Does That Affect Your Deductibles?
You might have to pay a portion of the total insured when you buy car insurance online when a claim is settled. We refer to this sum as a deductible. The insurance company pays the remaining portion of the claim. As a result, you are responsible for a portion of the harm your car sustains.
Assume you filed a claim for minor dents on your car, which cost Rs. 3,000. In such a case, you will have to cover a portion of these costs, say Rs. 2,000, and your insurer will cover the remaining Rs. 1,000. If you choose a higher deductible, you will pay a large amount, which is impractical.
Furthermore, since you have filed a claim for a minor repair under your car insurance policy, you will also forfeit your NCB reward. As a result, be sure to determine in advance whether or not you will be reimbursed for the deductible amount before filing a claim for minor repairs like car dents.
Does That Affect Your Premium?
Multiple claims impact not only your No Claim Bonus (NCB) but also your claims history, significantly influencing future Bajaj Allianz car insurance premiums. Frequent claims, even for minor repairs, could lead to higher premiums. The nature of the claims matters, too; if you’re often at fault or file many claims, your insurance company may view you as a high-risk driver and raise your car insurance premium accordingly.
But you can prevent this by covering minor repairs out of your pocket and avoiding filing repeated insurance claims for dings in your vehicle.
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