When Should You Avoid Filing Motor Insurance Claims?

Car Insurance: When you should avoid filing a motor insurance claim | The  Financial Express

In a minor collision in which your four-wheeler sustains damage, you will not be forced to file a claim and will be responsible for covering the costs yourself. Do you avoid telling your insurance company about the accident out of fear of a rate increase? Is this the proper method?

If your car was the only one damaged, it makes perfect sense to avoid telling your insurance company about a fender bender. Imagine you backed into a post and injured the back of your automobile. The incident would not be considered “small,” however if it resulted in the injury or passing away of a third party or significant property damage. At this point, you must notify your insurer about the incident. To sum up, filing a Bajaj motor insurance claim is unnecessary for minor cosmetic damage. You should avoid filing a claim under these circumstances because doing so could cost you a lot of money.

Insurance Claims Covering Damages Caused by Others

Let’s say a neighbour was careless and backed into your parked car, leaving an unsightly dent. All types of damage are covered by your neighbour’s third-party liability policy. You are not the negligent motorist in this scenario. You are waiving your right to file a claim under your insurance while making a claim under the third party’s liability insurance. In this third-party liability case, your neighbour’s insurance company must pay to repair the harm.

Third-party liability insurance claims are relatively easy to initiate with Bajaj Allianz Motor Insurance. Nonetheless, third-party liability claims are preferable in cases like the ones described above. Remember that after any such event, you must file a First Report of Incident (FIR) with the local police. In the event of a third-party liability lawsuit, this will improve your position.

The No-Claim Bonus (NCB) is a reward given to car owners who do not file any claims throughout the insurance year. One way this benefit manifests itself is through reduced auto insurance rates at renewal time. A 50% reduction in the renewal rate is available to car owners who go five years without filing a claim. If the vehicle owner then makes a claim under the policy, any accrued NCB will be reverted to its original amount. *

Before going through the trouble of filing a claim, it is prudent to evaluate whether doing so is worthwhile. Before filing a claim, you should calculate the potential damage you would incur. Both the accumulated NCB and the Bajaj Allianz motor insurance renewal premium will be forfeited. Think about it from the perspective of footing the bill for any losses yourself. Evaluate the sum total of your losses and pick the option that will leave you with the smallest impact. You can then decide whether to file a claim or bear the cost of repairs out of pocket. *


It’s good to consider any applicable deductibles or excesses. When filing a claim with your auto insurer, you’ll have to pay a set amount determined by the car’s engine size. The mandatory deductible is the amount of money that must be paid. In addition to the mandatory deductible, you can choose a higher “voluntary deductible” when you first purchase your policy. When filing a claim, you must pay the optional deductible. After you pay your deductible, the insurance company will pay their share of the claim.

Therefore, before filing a Bajaj motor insurance claim, you should:

  • Calculate your NCB loss and coverage costs. This is proportional to your accident damage. *
  • Confirm this loss exceeds the claim. If so, pay for repairs. If not, you can claim.
  • Only make auto insurance claims for major damages. Claim at least Rs.5,000. Follow this advice to get assistance.

* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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