Managing car repairs can be stressful, but a clear understanding of your car insurance policy and the coverage offered can help you reduce some of your burden. This guide is to help you understand different types of car insurance coverage, the claim process, and when and when not to file a claim for minor car repairs.
How to Claim Car Insurance for Minor Damages?
- When to Claim Car Insurance for Minor Repairs
- If the cost of the repair exceeds your deductible, it might make sense to file a claim.
- If the damage is a result of a covered event, such as a collision or vandalism, your insurance will likely cover it.
- If you have a low deductible, claiming minor repairs might be beneficial.
When Not to Claim Car Insurance Policy
- If the cost of the repair is less than your deductible, it’s usually better to pay out of pocket.
- If the damage is a result of wear and tear, your insurance won’t cover it.
- Filing multiple small claims can increase your premiums in the long run.
Does Car Insurance Cover Non-Accident Repairs?
covers both accidental and non-accidental repairs. Carefully review your policy papers before purchasing car insurance, as some features might not offered by an insurer. You can purchase add-ons separately in addition to your comprehensive car insurance for an extra premium for more exhaustive coverage.
Some non-accidental repairs, such as damages due to the usual wear and tear of the vehicle, are not included in a comprehensive plan. Damages arising out of natural or man-made calamities are covered, and the car owner doesn’t have to incur sudden expenses.
Will Raising a Claim for Minor Repairs Affect Policy Premium?
Raising multiple claims impacts your NCB and claim history, which significantly affects your car insurance renewal premium . If you raise subsequent claims even for minor repairs, you might end up paying a higher car insurance premium in future.
This premium increase majorly depends on the nature of motor claims. If you make frequent claims and are at fault in most of them, your insurance company will likely raise your premium costs as they consider you a big liability. Nevertheless, you can avoid this situation by paying for minor repairs or scratches out of your pocket.
Wrapping Up
Any vehicle owner needs car insurance to pay for vehicle repair costs. Knowing your policy coverage enables better decisions while deciding whether to raise claims for minor damages. Remember, each car insurance policy is unique, so review your policy documents carefully. Consider avoiding raising a claim for minor damages to get optimum coverage at a lower premium during renewal.
