After buying a car owner one of the first things you need to do is to apply for car insurance. According to the latest Pakistani traffic laws, it is a mandatory requirement for car owners in the country to have at least third-party liability car insurance.
This insurance serves to protect your interests from any financial impact that can happen if you accidentally cause damage to any public or private property. There are many other types of auto insurance policies in Pakistan. The majority of these offer more comprehensive monetary coverage for events like car accidents, theft, and damage to your car due to any eventuality.
For more details about car insurance types and why you should invest in car insurance read our posts Why Car Insurance Has Now Become an Important Aspect in Pakistan and 5 Things to Consider When Choosing Car Insurance In Pakistan.
It is pointless to say the obvious but to claim any of the insurance coverage that you have paid for, you need to follow a set procedure specified by insurance companies. The purpose of today’s blog is to appropriately educate you on the process of claiming car insurance in Pakistan.
Read on and learn about the step-by-step guide about the process of filing a car insurance claim while following all the necessary conditions and requirements.
As a basic rule of any financial obligation, you should read your insurance policy carefully. You should know what terms and conditions are included in the policy. Reading the policy also lets you know what and what is not covered when you need to file a car insurance claim.
Note: The car insurance companies in Pakistan give you two options in terms of reimbursements. You can either pay for the repairs of your car instantly after the surveyors complete their job. The payment will then be reimbursed by the car insurance company.
Otherwise, if you don’t want any extra out-of-pocket expenses, you can wait for the completion of the process. Once the process is done, your car insurance company will directly pay the workshop for the repairs.
Some important things to remember when claiming your car insurance in Pakistan are discussed below:
Sadia Zaheer holds a Masters in Business Administration from IBA, Karachi. After working in several financial institutions in Client Management, Corporate Lending, Islamic Banking and Product Management she jumped careers to pursue a career in writing.
She is a Finance, Business and HR Development writer with four years of experience. She reads a lot and takes care of her multiple cats to remain calm.
This post was last modified on March 25, 2024 7:13 am
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