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Third-party car insurance is mandatory for every vehicle owner in India. It provides coverage for damages caused to another person or their property in the event of an accident. Understanding the third-party car insurance claim settlement process is important for ensuring you receive the compensation you are entitled to.
Let us explain how to file a third-party car insurance claim and guide you through the necessary steps.
What is Third-Party Car Insurance?
Third-party car insurance is a policy that covers damages or injuries to a third party in an accident where the owner/driver of the insured car is at fault. This mandatory car insurance policy does not cover your vehicle’s damages or injuries.
Instead, it provides financial protection against claims made by the other party involved in the accident.
Third-Party Car Insurance Claim Procedure
Damages in an accident can vary and require a different process for claiming third-party car insurance.
For property Damage
- File a claim through the Motor Accident Claims Tribunal in the jurisdiction where the accident happened.
- Obtain the vehicle’s insurance details and file an FIR at the police station within the same jurisdiction.
- The tribunal will determine compensation based on the documentation provided, with a maximum limit of ₹7,50,000.
For Injury, Disability or Death
- If the accident results in injury, disability or death, the affected individual or their dependents can file a compensation claim.
- Submit the necessary documentation, including the FIR and insurance papers, to the Motor Accidents Claims Tribunal in the jurisdiction where the accident happened.
- The tribunal will decide the compensation amount based on the documentation and evidence provided.
- In many cases, the car owners go for out-of-court settlements to avoid a third-party claim process.
Documents Required to File a Third-Party Insurance Claim
- Copy of Police FIR
- Copy of Driving Licence and Vehicle’s Registration Certificate
- Copy of the Third-Party Insurance Policy Document
- Filled in and Duly Signed Claim Form
- Copy of Evidence of the Accident in the Form of Pictures or Videos
Important Considerations Before Third-Party Claim Car Accident
● Understand Car Third-Party Insurance Coverage
Ensure you understand your car’s third-party insurance coverage. Know the policy terms, conditions and the list of exclusions. Knowing what is included in the policy and what is not will help you manage your expectations during the claim process.
● Keep All Documents Organised
Maintain a file with all relevant documents related to the third-party claim car accident. Include a copy of the FIR, insurance policy documents, photographs, witness statements, repair estimates and correspondence with the insurance company.
● Provide Accurate Details of the Incident
Provide honest and accurate information throughout the third-party claim process. Any discrepancies or false information can lead to delays or denial of the claim. Transparency is essential for a successful claim settlement.
● Seek Legal Advice If Needed
If you face difficulties during the third-party car insurance claim procedure, you can seek legal advice. A lawyer specialising in car insurance claims can provide guidance and help you get the compensation you deserve.
Conclusion
Understanding the third-party car insurance claim process is crucial for securing the compensation. By knowing the coverage, keeping documents organised and providing accurate information, you can navigate the claim process smoothly.
Following these steps ensures financial protection and peace of mind after an accident. Always stay informed and prepared to handle any unforeseen incidents on the road.
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