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How to File Car Insurance Claim in Case of Theft?

It is a comprehensive cover for personal accidents, natural and man-made damage caused to the vehicle. Filing a vehicle insurance claim after the theft of an automobile is not the same as filing the claim for any other reason.

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Filing a vehicle insurance claim after the theft of an automobile is not the same as filing the claim for any other reason.
Representational Image, Pixabay

You buy your dream car to travel every part of the country with luxury. How would you react on discovering that your car is missing? Someone stole your car. This is when your motorcar insurance comes into the picture. It is a comprehensive cover for personal accidents, natural and man-made damage caused to the vehicle. Filing a vehicle insurance claim after the theft of an automobile is not the same as filing the claim for any other reason. Theft is the total loss of value of the automobile and is equal to the complete destruction of the car in an accident that causes it to be written off as scrap. Car theft in India is widespread and some instances happen daily. Every day, 105 cars were stolen in the year 2016-17 (Ref: Indpaedia). To make a claim with motor insurance companies in India, your vehicle needs to be covered under the comprehensive insurance policy which includes third party cover, a loss or damage to the vehicle, accident, theft, and risks against natural calamities.

Here is how you can file a car insurance claim in case of theft

FIR – The insured must lodge the First Information Report (FIR) immediately. It is an official proof of the fact that the car has been stolen. It is the first and an important step to file your claim. Without this, you cannot claim your insurance. The car insurance cover requires the owner to take all the responsible steps to recover the loss due to the lost vehicle.

Theft is the total loss of value of the automobile and is equal to the complete destruction of the car in an accident that causes it to be written off as scrap.
Representational Image, Pixabay

Informing the Regional Transport Office – One should notify the RTO about the theft of the vehicle. It will ensure that the thief does not transfer the vehicle to his or her name. One should inform the RTO in writing and submit the acknowledgement to the car insurance company. A copy of the RC book with a stolen endorsement must be obtained from the RTO. It should be submitted to the insurer.

Submit original car documents – To file a claim, the car owner should submit the original vehicle insurance policy document, tax invoices for the last year and other documents of the car.

Acknowledgement from car loan provider – If your car loan is not yet repaid, then you are bound to inform the lender and obtain a response from them. You should also submit the latest loan statements to indicate the total amount due.

Claim Form – Call the customer service centre of the insurance company and fill the claim form by giving all the necessary information which includes policy number, vehicle details, time and description of the incident. You will be required to submit the duly signed claim form, copies of the Registration Certificate (RC) of the vehicle, policy document and driving license.

Closure report – The police will try to investigate the loss and try to recover the car and submit their report stating that the vehicle could not be found. The court will close the case after this and a No Trace certificate will be submitted to the insurance company. The payout will be made only after the document is submitted.

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Other documents – Your identity proof and a copy of your driving license should be submitted to the insurance company. Additionally, you will be required to provide an NOC for transfer of the vehicle to the insurance company along with a letter of indemnity on a stamp paper. You will have to transfer the RC of the stolen vehicle in favour of the company, hand over all sets of keys and give a letter of subrogation to the insurance company. Finally, you hand the documents over to the insurance company and claim.

Every insurance company follows the steps mentioned above for the acceptance and reimbursement of the claim. However, it is crucial for the vehicle owner to take immediate action and report the theft to the authorities. Motor Insurance companies in India offer quick processing and approval of the claim if you have purchased comprehensive motor insurance. It is important to note that in case the vehicle is taken on a loan, the insurer will have to reimburse the payout amount to the financier, and if there is any excess amount, it will be borne by the insured.

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A Quick Guide to White Collar Crime

Take care that you never fall victim to a white collar crime and don’t be afraid to report it to the police if you do

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Cyber crime, U.S. programming
A man types on a computer keyboard in front of displayed cyber code in this illustration picture. VOA

There are many different types of crime all with their own legal definitions and police proceedings. This is because depending on the crime, it will have to be handled in the correct way. White collar crime is one type of offence which is often spoken about as individual crimes but never as one whole genre. What do we mean by white collar crime? Let’s take a look.

What is White Collar Crime?

White collar crime includes; theft, fraud, identity theft and forgery as well as many other types of crime that involve money and are nonviolent. The FBI deals with these crimes in the US, however in the UK, the police will be involved and then will be transferred to a team depending on what the nature of the crime is. There are many different branches of police which deal with these offences, from Vice to the National Crime Agency.

Theft

There are some different types of theft that you can fall victim to, for example, theft of personal belongings, shop goods, robbery, armed robbery and many others. Each of these types of theft can cause a lot of stress to a person and it can be difficult to deal with. When you fall victim to theft, it is always important to report it to the police straight away to make sure the incident can be dealt with as soon as possible. Try to leave the scene of the crime as untouched as possible as that will help the investigation.

Fraud

Another type of white collar crime is fraud; this can happen to anyone and can be done in a number of ways. All it takes is for you to enter your details into a fake website where someone can then access your details and pretend to be you, which means you can then end up losing money. Never open a link in an email if you don’t trust it and always be sure that you don’t give out valuable information like bank account details over the phone.

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There are many different types of crime all with their own legal definitions and police proceedings. Pixabay

Forgery Crimes

Like the rest of the white collar crimes, you will find that there are many different ways you can be a victim of forgery crimes. This is because people can forge art and archaeological artefacts and sell them on to buyers at the same price or more than what an original piece would cost.

People also forge items such as documents, designer brands, and even money. When it comes to forgery, sometimes it is impossible to tell if the item is real or not which makes it so hard to tell without expert help. In order to avoid falling victim to a forgery fraud, only purchase items from well-known sellers or seek expert advice before purchasing. Most high-end brands will be able to provide a list of their third-party stockists.

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In Conclusion

Overall, white collar crimes might not always be life-threatening crimes as much as some other crimes can be; however, they can still cause huge stress or impact on the victim’s life. Take care that you never fall victim to a white collar crime and don’t be afraid to report it to the police if you do.