Most Common Reasons For Motor Claim Rejection
The terms and conditions of car insurance plans differ from one policy to the next. However, such exclusions are frequent, so read the policy materials thoroughly before purchasing to prevent any unpleasant shocks during the claim settlement process. A car insurance policy protects the owner of the vehicle against covered financial losses resulting from damage or theft of the insured vehicle, according to the terms and conditions of the policy. Vehicles in India are classified into three categories: two-wheelers, private vehicles, and commercial vehicles. Exclusions, on the other hand, are particular circumstances or situations that the insurance policy does not cover. Breakdowns, consequential loss, wear & tear, and other exclusions are typical. Furthermore, without a legal licence, no policy claims will be considered. If an accident occurs while the rider is under the influence of alcohol or drugs, the insurance coverage will not cover the mishap. Vehicle breakdown due to aged mechanical or electrical failure is also not covered. External causes such as war and terrorist strikes are not covered by a two-wheeler automobile insurance coverage.