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33. How to claim in case of third party property damage?

mahindra-finance-author

by Mahindra Finance

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January 6, 2025

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2 mins read

Claim Process for Third Party Claim

  1. The procedure of claiming third party insurance starts with registering an FIR in a nearby police station followed by collection of charge sheet.
  2. After that Motor Accident Claims Tribunal, a special court, registers a case, one can register a claim for injury, death or property damage, with the tribunal with jurisdiction over the area where the insured or defendant resides. However there is no limit for claiming on liability for injury or death, on can avail the cover for third-party property damage up to Rs. 7.5 Lakh
  3. On receipt of legal notice to insured asking for a claim, do not communicate with the party before informing insurance company. Also remember not to make any financial commitments out of court settlement before speaking to insurer first.
  4. Submit a copy of the notice with insurance company
  5. Customer has to submit copies of RC book of the vehicle, Driving License, and the FIR.
  6. The insurance company will verify the documents and assess the accident and if found satisfactory, customer will get a lawyer appointed by them
  7. If court directs insured to pay the damages to the third party thereafter, the insurance company will directly pay the dues to the third party

Disclaimer:

This blog is for general informational and educational purposes only and does not constitute financial, legal, or investment advice, recommendations, or solicitation. The prices, rates, and financial values mentioned are approximate and subject to change due to regional differences, market fluctuations, regulatory changes, and other factors. Please consult an authorized dealer or financial advisor for accurate and up-to-date details.

The content may include forward-looking statements or projections, which are speculative and subject to risks and uncertainties. Mahindra Finance is not obligated to update these statements to reflect future changes. Any opinions or third-party contributions presented are purely informational and may not reflect the views of Mahindra Finance.

While we strive for accuracy, Mahindra Finance does not guarantee the reliability or completeness of the information provided and disclaims all liability for errors, omissions, or reliance on this content. Readers are advised to verify all details independently and seek professional advice based on their specific needs.

This information applies to Indian regulations and may not be relevant to other jurisdictions. Mahindra Finance is not liable for any direct, indirect, or consequential decisions made based on this blog.

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