How Long Is the Validity Period for Filing an Insurance Claim After a Car Gets Scratched?
1 Answers
According to regulations, after an accident involving an insured vehicle, the policyholder should notify the insurer within 48 hours. Therefore, if a car gets scratched, the owner should inform the insurer within 48 hours for the claim to be valid. The time limit for vehicle insurance claims is 30 days. Article 23 of the Insurance Law stipulates that upon receiving a claim for compensation or insurance benefits from the policyholder or beneficiary, the insurer should promptly assess the claim. For complex cases, the assessment should be completed within 30 days, unless otherwise stipulated in the contract. Accordingly, even if an insurance case is complex, the insurer must make a decision within 30 days and notify the client in writing. Types of vehicle insurance are as follows: Compulsory Traffic Accident Liability Insurance (CTPLI) is mandatory for all vehicles. It compensates for personal injuries, deaths, and property losses caused by road traffic accidents involving the insured vehicle, within the liability limits. Third-Party Liability Insurance covers compensation for accidental incidents during vehicle use that cause direct personal injuries, deaths, or property losses to a third party. It compensates for the amount the policyholder is legally required to pay, exceeding the CTPLI coverage. Vehicle Damage Insurance, also known as Collision Insurance, covers damages to the vehicle during use and necessary, reasonable rescue expenses. Passenger Liability Insurance compensates for personal injuries to passengers during vehicle use. The insurer pays the compensation amount the policyholder is liable for, after deducting the CTPLI coverage. Additional Absolute Deductible Insurance is a cost-reduction clause. It can be added to Third-Party Liability, Passenger Liability, or Vehicle Damage Insurance. When a claim is filed, the agreed deductible is subtracted, resulting in slightly lower premiums. Additional Scratch Insurance covers repairs for scratches caused by the vehicle's own actions. Additional Non-Medicare Drug Liability Insurance covers reasonable and necessary out-of-pocket medication expenses for the other party during hospitalization. Without this coverage, only Medicare-approved expenses are reimbursable.
