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Friday, November 25, 2022

Why Following Traffic Rules in India is Important for Your Car Insurance Claims

Road accidents have been increasing at a rapid pace in India. As per a 2021 report by the National Crime Records Bureau, India witnessed a staggering 155,622 fatalities due to traffic collisions. As of 2015, the figure stood at 146,133 deaths. Statistics such as these make it all the more important to practise safe driving as a car owner. Following traffic norms helps you safeguard your life as well as others. Not practising safe driving and following traffic rules can have adverse consequences, including when you have to raise a car insurance claim. 

Surprised? Read more to find out. 

Why does traffic history affect car insurance and the claims you raise? 

When you buy a car insurance policy, the premium for the same is calculated based on several factors. One of these factors is the driving history and record of the car owner. This aspect gives the insurer an idea of the risk they are undertaking by covering the policyholder’s car. If the driving record is particularly bad, the premium may be high due to the high risk involved and vice versa. 

Similar to car insurance prices, a claim, too, is impacted by how well you drive and follow traffic rules. If the damage to the car has occurred when the driver was deliberately breaking traffic rules, it shows recklessness on the part of the driver. The insurer may be unwilling to pay compensation in situations where it was feasible to avoid the damage simply by following traffic rules. Hence, the connection between following traffic rules and the chances of an insurance claim approval. *

Traffic mistakes that can cost you your insurance coverage 

As per recently drafted rules, if you commit the following mistakes while on the road, you may be bereft of insurance benefits: 

  • Driving on the wrong side of the road

If any accident involving your car occurs while it is being driven on the wrong side of the road, the insurance claim is likely to be rejected. Aside from paying for the damages from your own pocket, you may also have to pay a considerable amount as compensation from your end. In some cases, imprisonment may also be involved. *

  • Driving under influence of intoxicating substances

If the driver is under the influence of alcohol, drugs, or other intoxicating substances and suffers an accident during such a situation, they will not receive any compensation for the same. *

  • Over-speeding

Going above the speed limit can have possible negative consequences not just on the safety of the driver but also on the chances of their car insurance claim approval. *

  • Not wearing a seat belt 

If the individuals involved in the accident are found to be not wearing a seatbelt, their insurance claim approval may suffer a setback. If your driving records show such a traffic violation, your car insurance prices may also see a hike in the future. *

* Standard T&C Apply

Insurers follow up on claims and investigate matters if they feel the need to do so. Therefore, you must be honest with your insurance provider and give a true account of everything that has occurred. If you have violated any traffic law and are hiding the same, it can severely affect your chances of receiving compensation for damages. 

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.

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