All You Need To Know About Vehicle Theft Insurance - Third-Party & Comprehensive Insurance Explained

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certain important steps to claim an insurance when a car gets stolen:

i. First Information Report (FIR): The policyholder after informing the insurer about the theft of the vehicle must lodge a First Information Report (FIR) with the nearest police station immediately. There should not be any delay in completing this activity. The owner must also procure a copy of the FIR, which is of utmost importance in processing the claim.

ii. Claim form: The policyholder should then visit the branch of the insurer or contact the customer service centre of the insurance company and fill the required claim forms. The latter should be supported with documents like:
- Insurance policy document
- Photocopy of driving licence
- Photocopy of registration certificate book
- FIR copy in original, etc.

iii. Intimation to the Regional Transport Office (RTO): The insured must also inform the local RTO office where the vehicle was registered through a letter addressed to the RTO informing them about theft of the vehicle.

iv. Approval and settlement: The policyholder then needs to collect the ‘Non-Traceable Report’ from the police station and submit the same to the insurer. On receipt of this crucial report from the police, the insurer approves the claim and directs the owner to transfer the stolen vehicle in the name of the insurance company. The insured must transfer the registration certificate through relevant forms such as form 26, 28, 29, 30 and 35 along with all sets of original keys, car purchase invoice and a letter of subrogation to the insurance company.

v. Reimbursement: The amount approved as per the surveyor’s report will be paid within seven working days to the insured. One must also note that if the vehicle was purchased on a loan then the insurance company will pay the bank from where the loan was procured.

[DrVikranth-wklb]

Very informative brilliant presentation

[aadyasunkara]

Thank you so much sir for those informative vides..

[rahulksr]

Thank you so much sir for the information because this information is more valuable for me

[anushaparthu]

It is useful information to the society, tq for giving such valuable information

[eastpointcollegecrickettea]

Valuable information bro...very useful....all d bst brother..

[aadyasunkara]

Very useful topic's please do video on bail sir

[manijob]

If I don't have original bike keys? What I have to do.
I lost my bike but i have only one key

[santhoshsantu]

Bro my bike is theft last month how to inform to the rto