February 8, 2023

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At the same time as elements of IT and start-up hub Bengaluru proceed to stay waterlogged, automotive homeowners have begun counting their losses and common insurance coverage firms have began receiving declare intimations for injury to autos.

With extra rains seemingly over the following few days, insurers are bracing themselves for an additional rise in claims.

Motor declare intimations rise

“We’ve got obtained a number of motor insurance coverage declare intimations and these are primarily associated to automobile submerging and breakdown. Contemplating that the precedence of individuals can be to safeguard themselves and their private belongings, the claims will begin getting reported after a few days,” says Sasikumar Adidamu, Chief Distribution Officer, Institutional Gross sales, Bajaj Allianz Common Insurance coverage.

Acko Common Insurance coverage mentioned it has obtained over 100 claims to date. “Rains are anticipated to proceed, so we do see an increase in declare intimations within the subsequent few days. Most claims now we have obtained to date relate to break to elements, whereas round 20 p.c are, in reality, full injury claims due to main impression,” says Animesh Das, Senior Director, Motor Underwriting, Acko Common Insurance coverage.

The Insurance coverage Regulatory and Improvement Authority of India (IRDAI) had requested insurers to simplify and expedite the declare settlement course of earlier throughout floods in Maharashtra, Andhra Pradesh and Tamil Nadu. It’s doable that the insurance coverage regulator will notify comparable tips this time as nicely.

Nonetheless, at your finish, make sure that you’re taking all precautionary measures and inform your insurer of such claims on the earliest. Damages to your autos shall be coated beneath the personal injury element of your complete motor insurance coverage coverage.

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Additionally learn: Non-public residences, luxurious villaments submerged throughout ‘Billionaire Road’ in Jap Bengaluru

Navigate flooded areas fastidiously

There may be little or no that you are able to do if — as we noticed in Bengaluru — your housing complexes and parking heaps get flooded on account of incessant rains.

Nonetheless, if you’re driving on waterlogged roads, you must take sure precautions to make sure that your actions don’t irritate the injury. And defending your automotive’s engine in waterlogged spots is likely one of the most important measures.

“Don’t rush to start out your automobile’s engine till you already know that water has fully receded. If the engine space is flooded with water, then the possibilities of water ingress are increased,” says Ashwini Dubey, Head, Motor Insurance coverage Renewals, Policybazaar.com.

This might end in main injury to your automotive and worse, your insurer will reject the declare until you’ve gotten bought the ‘engine defend’ add-on characteristic alongside along with your base coverage.

“Harm to the engine on account of liquid ingress shouldn’t be coated beneath base insurance policies. You probably have an engine protector add-on, nonetheless, even such claims are paid for,” says Dubey.

Additionally learn: Motor insurance coverage riders: All you must know for a clean experience

In case you are stranded on a waterlogged road, take into account leaving the automotive behind and having it mechanically towed away. “Harm to the automotive’s exterior is roofed. However if you crank up the engine in flooded areas resulting in water coming into the engine space, the injury is an exclusion, and therefore, not paid for (until you’ve gotten the engine protector add-on),” says Das.

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Apart from water ingress within the engine, vehicles additionally undergo injury on account of tree falls. “Throughout intense rains, tree branches can fall on the vehicles if they’re parked in open areas. So far as doable, take care to park your autos in coated areas to make sure higher safety,” says Dubey.

Additionally learn: 5 insurance coverage dos and don’ts to your automotive this wet season

Bengaluru rains Dos and don’ts for car owners

Intimate claims on precedence

In affected areas in Bengaluru, even housing complexes and coated parking areas received flooded, leaving no scope for automotive homeowners to take any precautions. In such instances, you’ll do nicely to tell the insurer concerning the injury instantly. Since claims could be intimated on-line and thru apps, notifying insurers immediately is now less complicated.

“Usually, it’s not a good suggestion to make use of your automotive in a flooded space because it might end in a number of points. If electrical parts aren’t functioning correctly, utilizing the automotive in such a state of affairs could be tough – not solely from the attitude of harm to the automotive but in addition your personal security,” factors out Das.

As an alternative, inform your insurer and make use of roadside help or towing providers rider advantages that insurance coverage firms provide to extricate your self from flooded spots.

“As soon as the water degree decreases or water has drained out of your automobile, get it inspected by a certified mechanic or towed to the closest workshop for inspection and additional needed actions similar to engine flushing and cleansing,” says Adidamu.

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Asking the insurance coverage firm to tow away your automobile can imply fewer hassles on the time of declare settlement. “Reaching out to your insurer for assist is a good suggestion basically. When you attempt to transfer the automotive by yourself and take it to the storage, the insurance coverage firm shouldn’t be able to conduct an on-the-spot inspection. If the insurer tows the automotive away, however, the scope for disputes is narrower,” says Das.