A total loss could be one of the biggest events in an automobile owner’s journey. It occurs when a vehicle is irreparably ruined.
But what about insurance, and what should you do if you find yourself in a similar situation? We’ll explain whether you can file a claim for damages that are beyond repair in this post.
‘Total Loss’ is a simple term for damage that is beyond restoration. If you have substantial car damage, your insurance provider will use this word. To be more specific, an automobile is termed a total loss when its repair costs exceed 75% of its current worth.
Because the expense of repair is so great, it’s usually better to salvage the car rather than fix it. If you file a significant claim, your auto insurance coverage will be cancelled.
Can you claim for damage beyond repair?
It is possible to make a claim for harm that is beyond repair, but you must meet one crucial requirement. A comprehensive car insurance policy is required. This is one of the most critical conditions because it contains coverage for “Own Damage.”
It protects your car from a variety of damages, including those caused by accidents, fire, natural disasters, and more.
If you have a basic Third-Party Car Insurance Policy, keep in mind that you cannot claim for damage beyond repair. Simply because it does not provide coverage for your vehicle.
As a result, investing money in a Comprehensive Car Insurance Policy to cover potential car damage is always a good idea.
How can you make sure your damage beyond repair claim goes smoothly?
Here are some suggestions for ensuring a smooth claim and settlement process if your car is damaged beyond repair.
Contact your insurance company.
Customers of MGS Insurance Agency can reach out to us by dialing (02) 8875 0494 or sending an email to [email protected]. Our customer service representative will assist you with the claim process. Follow the steps carefully to ensure a smooth and rapid claim settlement.
Obtain the appropriate papers.
The First Information Report (FIR) filed at the nearest police station is one of the most significant papers for filing a Total Loss claim. In the event of an accident, it produces a full summary of the damage.
Soft copies of documents such as your car insurance policy number, driver’s license, ID proof, residency proof, and so on will be required by the car insurance company.
Obtain proof to back up your claim.
You can capture images or film a video of the damage thanks to technology. This will assist you in building a strong case for your Total Loss claim.
But first and foremost, if you’ve been in an accident, seeking aid and receiving the essential medical attention will be your top priority. Once you and/or other passengers are secure and stable, you can begin gathering evidence in preparation for filing a claim.
Stick to the claim process.
The next step is to follow the insurer’s claim procedure and provide all relevant information. When you submit a claim using the website or the mobile app, MGS insurer will ask you some questions.
Your responses will give us a good sense of the nature of your vehicle insurance claim and where you are now. Other insurance companies may require you to complete a physical claim form. You can do this with the help of a middleman.
Tell the truth about what happened.
Being open and honest about what occurred will help you receive the best possible assistance from your auto insurance carrier. If you supply inaccurate or misleading information, your claim will be denied, and the insurer will decide whether or not to continue the coverage.
Things to avoid in a claim for damage beyond repair
If you want to secure a successful claim payment for damage beyond repair, there are a few things you should avoid.
- Without telling the insurance company – This can result in a claim being denied because the insurance company is unaware of the true condition of your vehicle.
- Attempting to have the car fixed before submitting a claim – You must notify your car insurance provider and have the car surveyed in order to have a successful car insurance claim settlement. In the event of a total loss, the vehicle is severely damaged. Attempting to fix the car in this situation would be prohibitively expensive. Assuming that the insurer would cover the repair costs is risky, as failure to notify the insurer can result in a claim denial.
One of the biggest claims you can make against your Comprehensive Car Insurance Policy is for damage beyond repair. You can opt to buy another car or spend the money for whatever you like after the claim is settled.
But keep in mind that this is the policy’s final claim. The new automobile will be covered by your next car insurance coverage.
In the event of severe damage, such as a burn or a fire, the damage may be irreparable, and these guidelines may help you obtain the largest insurance claim possible.
Car theft is another scenario in which you might make a Total Loss claim. Even though it falls under Total Loss, the claim procedure differs differently from damage beyond repair claims. Here you must submit documents proving that the car has been stolen.
For example, you’ll need the police department’s “non-traceable” report.
Accidents are unpredictably unpredictable. Make sure you have comprehensive coverage on your car insurance policy. The key to effectively claiming your automobile insurance for substantial damage is to follow the rules and adhere to the terms and conditions mentioned in your policy. Have fun driving!