Are my passengers covered under the policy in the event of an accident?

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• While driving my car, I accidentally hit somebody. How will my vehicle insurance policy respond?

  Expenses incurred by the third party due to death, disablement and medical are covered under Compulsory Third Party Liability (CTPL) and any excess in the CTPL benefits are covered under the Voluntary Third Party Liability -Bodily Injury (VTPL-BI).

• What should I do in case of a loss / accident or incident that may possibly result to a claim?

  Report the accident and notify either Kwik.Insure or the insurer directly. Make sure to take photographs of the accident and any damaged parts. Secure the vehicle to prevent further loss/ damage. To avoid obstructing traffic, vehicles may be moved to ...

• My claim was denied/rejected. What is the reason?

  Not all claims end up getting approved. A claim may get rejected if the type of vehicle damage is not covered by the policy. Failure to follow the terms and conditions of your vehicle insurance may also lead to a claim rejection. Here are the common ...

• In case of an accident, can the Insured advance payment to the Third Party and ask for reimbursement expense?

  Except in case of emergency medical expenses, this procedure should be avoided as it may lead to problems if the Insurer finds out that the Insured is not legally liable or that the amount settled is excessive.

• What is depreciation in vehicle insurance?

  Depreciation in vehicle insurance often refers to the loss in value of insured vehicle over time due to factors such as age, wear and tear, and obsolescence. Vehicles, in general, are depreciating assets. For example, a new car will cost more than an ...