Car Theft Threat? How Car Insurance Can be Your Saviour

When a person invests in a prized possession, like a car, the fear of theft always prevails. In the current scenario, fearing burglary is natural. According to the statistics, over 4 vehicles are stolen every hour in Delhi, the capital of India. The situation is similar in other cities of India. But the fear of robbery doesn’t mean that you keep your cars parked in your parking slot. We have a solution to your problem - Car Insurance Policy.

Every vehicle owner should possess vehicle insurance not only because it is mandatory in India, but because it covers the expenses caused by an accident, natural calamity, terrorist activity as well as theft. So when you buy a car, you should also purchase a comprehensive car insurance policy from a reliable insurance company to safeguard yourself from unnecessary expenses. If you still haven’t purchased it, buy car insurance online today!

Read further to know what a comprehensive car insurance policy by Chola MS offers:

Car insurance can cover you from accident-related expenses that include compensation for owner cum driver. Personal accident cover for named & unnamed passengers, including spouse, children, parents, etc. Also, car insurance policy by Chola covers third-party expenses like a personal liability as well as property damage.

Your car insurance covers you from natural calamities such as earthquake, flood, inundation, storm, tempest, typhoon, hurricane, cyclone and hailstorm. The damage caused to your car due to fire, lightning, self-ignition or explosion, and landslide or rockslide is also taken care off by your insurance company.

Along with natural calamities, your insurance policy also ensures protection from man-made disasters such as strike or riot, terrorist activity and malicious acts. Most importantly, your car insurance can save you from the expenses that arise from burglary, theft or housebreaking. Apart from these, your insurer pays for any damage during transit by rail, road, inland waterway, air or lift.

Making a Claim if your Car is Stolen or Broken into:

Lodge a complaint at the police station as soon as possible. Without much delay, inform your insurance company. Notify the transport department about the same. To prove your claim you will have to submit a few documents that include - copy of the policy documents, police panchanama / FIR and final investigation report, the duly signed the claim form, a copy of the driving license, copy of the vehicle’s RC, and RTO transfer papers duly signed along with the necessary forms. 

Submit the required documents and co-operate with your insurance company to get your insurance claim successfully approved.

Cholamandalam MS,a General Insurance Company in India, offers a wide range of insurance policies for individuals as well as corporates. For individuals, there are products like Car Insurance, Two Wheeler Insurance, Travel InsuranceHealth InsurancePersonal Accident InsuranceHome InsuranceandCrop Insurance. For SMEs and Corporate Insurance clients, Chola MS offers customized insurance solutions encompassing insurance and risk consulting services such as Engineering Projects, Engineering Operations,Liability InsuranceMarine InsuranceFire Insurance and Miscellaneous Insurance.

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