Everything you should know about filing an insurance claim for a stolen vehicle

Everybody presumably dreams of owning a car, but achieving this goal entails taking on the additional duty of having auto insurance claim to support you in an emergency. Getting insurance coverage for your car is seen as nothing less than a duty, mostly to cover liabilities or third-party damages in the event of an accident. Although the value of having auto insurance has been discussed extensively, many of us do not benefit from these policies.

When it comes to Indian data, the number of stolen cars is rising annually. On the list of states with the most stolen cars, Uttar Pradesh is at the top, followed by Delhi and Maharashtra. Disregarding statistics, many people are unable to utilize their insurance coverage since they are ignorant of the insurance procedure in the event of a stolen vehicle.

Is it possible to file a insurance claim for a stolen car?

You can file a claim for your stolen car in India if you have comprehensive auto insurance. When you file a claim for a stolen car, your motor insurance will cover the full cost of the vehicle. However, although third party motor insurance is required in India, it does not provide you with this coverage, thus you cannot file a claim for a stolen car under this type of insurance.

Procedure for filing a claim with auto insurance

Making an instant FIR (First Information Report) with the police should be the first thing you do.

The next course of action is to get in touch with the insurance company’s customer service representative and complete the claim form, which asks for information about your vehicle and policy number as well as the incident’s description, date, and time.

The insured must provide the following information before submitting a properly completed claim form, the vehicle’s registration certificate, the policy document, a copy of the police report, a driver’s license, and a letter to the RTO reporting theft.

The insured must provide the insurance company ownership of the car’s registration certificate and all of the keys once the police submit a non-traceable report (a report filed if the vehicle is not recovered). The sum authorized based on the surveyor’s report is subsequently refunded within seven business days, or by the insurance company’s turnaround time.

Protection for personal property in the pilfered car

It’s very likely that many of your belongings, including your car, will be taken. Speakers, CDs, GPS units, and a long list of other items could have been taken from your car. Regretfully, your auto insurance policy does not provide coverage for personal items.

You could inquire with your insurance provider about the possibility of combining your house and auto insurance policies into a single deductible in the event of a loss. You will feel much less stressed if you know how your insurance coverage operates before you see a situation involving a claim. Do not give up if you have already started the claim process; it will take three to four months to finish.