Cashless claims are a huge hit when it comes to the feature of health insurance plans. This feature does not require the policyholder to pay for the expensive treatment cost upfront. Instead, the insurance company directly settles the bill. This way, the majority of the financial burden of the treatment is eliminated from the minds of the policyholder.
This nifty feature of cashless claims is not limited to the concept of health insurance. It extends to car insurance too. So, as a policyholder, you can buy a policy that offers cashless claims and avail hassle-free settlement of your car insurance
This article elaborates on the significance of the cashless garage concept, helping you understand why you must opt for one.
Read ahead to know more.
What are Cashless Garage Facilities and How Do They Work?
Cashless garages or network garages are workshops that are empanelled with the insurance company to provide a hassle-free settlement to the policyholders. The insurance company partners with many different network garages to provide the cashless claims facility to the policyholders.
At the network garage, policyholders can get their vehicle repaired without having to pay for its repair costs, i.e., in a cashless way. So, if you have bought or renewed your car insurance policy to include the cashless claims feature, you can take advantage of this repair facility without having to pay for it. Instead, the insurance company directly settles these costs of repairs with the service garage, eliminating the entire reimbursement process.
However, a caveat for cashless repairs is that these repairs must only be carried out at any of the specified partner garages. Since these service workshops are affiliated with the insurance company, settlement of the repair costs becomes easier for the insurance company too. Further, an inspection is also required by a surveyor when you raise a claim and only then any repairs can be made.
* Standard T&C Apply
What is the Significance of Using a Cashless Car Insurance Claim?
The primary benefit of a cashless claim is ensuring a hassle-free claim procedure where you need not pay for the repairs from your pocket. However, there are a few other benefits:
· Repairs on a Priority Basis
Since the payment for the repairs is settled directly by the insurance company, the service garage need not wait for the processing of payments. Thus, the repairs are carried out on a priority basis. This facilitates convenient and stress-free claim settlement. *
· Faster Settlement of Claims
As discussed above, the payments for cashless claims are directly settled by the insurance company. This process can be carried out within a few hours, and you can drive home in your car. Moreover, you need not seek any reimbursement from the insurance company either. *
· Transparency of Settlement
Cashless claims are raised by the service garage directly to the insurance company. Thus, the repair costs are sent to the insurer for scrutiny. Moreover, the involvement of the surveyor makes the claim process transparent. *
· Higher Quality of Service
As the insurance company is involved in the settlement process, the service garage ensures the premium quality of service to the policyholder. Thus, you (as a policyholder) can expect higher customer satisfaction. *
* Standard T&C Apply
Wrapping it Up
With these advantages, it is a smart choice to opt for a policy with cashless claims. When selecting the different policies, remember that such a cashless facility is available only for comprehensive covers and not third party car insurance
. With comprehensive plans, the car insurance prices
are slightly higher as they offer broader coverage for repairs with the inclusion of own-damage too.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read the sales brochure/policy wording carefully before concluding a sale.