Cashless garage facilities or network garages are authorised by car insurance companies to provide convenience to the insured. A policyholder can opt for the cashless garage facility during renewal or while buying vehicle insurance for the first time. The cashless garage facility ensures that the insured can get their vehicle repaired at any garage in the event of a mishap.
Cashless garages offer a smooth car repair experience as the policyholder does not have to pay any funds from their own pocket. The car insurance company will pay all the bills other than the compulsory deductibles and the depreciation amount applicable to the repaired parts of the vehicle. Jump into this article to find out the significance of the cashless garage facility.
How Does the Cashless Garage Facility Work?
When you buy a car insurance policy with the cashless garage facility, the insurer will inform you about their network of garages nationwide. The insurance company provides the policyholder with a complete list of the authorised garages where the cashless garage facility is available. The cashless garage facility is seamless, and making a claim is easy.
In the event of a mishap, you must inform the vehicle insurance online company as fast as possible. Let your insurer know about the repairs that need to be done. Moreover, you should support the repair requirements with relevant documents.
After that, your vehicle will get towed to the nearest network garage authorised by your insurer. The cashless garage will perform all the repairs and send the bill directly to the insurer. The car insurance policy provider will take care of the repair expenses while you only pay for the compulsory deductibles.
Importance of Cashless Garage Facilities
Several people wonder why it’s crucial to choose the cashless garage facility during car insurance renewal online or purchase.
● Protection from Sudden Financial Burden
Any road accident or damage to your vehicle can mean an unplanned financial burden on your shoulder. Reimbursement claims can help you receive compensation. But you will be required to pay for the repairs from your pocket.
Cashless garage facilities can save you from a sudden financial burden. The insurance company will directly settle all the bills without you having to spend anything.
● Drive Without Stress
If you choose the cashless garage facility during car insurance renewal online, you won’t have to worry about any unforeseen incidents. Even if a mishap occurs while driving on the road, the cashless garage facility will ensure that you remain completely stress-free.
● Hassle-Free Claims
A major significance of opting for the cashless garage facility is that you can file a stress-free car insurance policy claim. You will be able to get your vehicle repaired without spending a single buck from your pocket.
● Speedy Settlement
When you check the speed of vehicle insurance online claim settlements, reimbursements take around 7 to 10 days. The insurer will have to make the required approvals to transfer the compensation. But since the cashless garage facility ensures that the insurer directly pays the network garage, claims are settled much faster.
● Priority Services
When you buy vehicle insurance online with the cashless garage facility, you can enjoy fast and high-quality repair services. The insurer will be in direct touch with the network garages. Therefore, repair services are offered on a priority basis and completed on time.
● Transparency
Under the cashless garage facility, the insurer directly receives the repair bills. Moreover, the supervisor from the insurance company remains involved throughout the process. Therefore, the policyholder can get their vehicle from the best network garage and receive superior customer service.
Parting Words
When you buy your vehicle insurance policy or renew it, consider choosing the cashless garage facility. Choosing the right add-on covers along with the cashless garage facility can help you enjoy comprehensive car insurance coverage. Find the best insurance provider and avail the cashless garage facility today!
FAQs:
What is a cashless claim in four-wheeler insurance?
A cashless car insurance policy lets you repair an insured car without bearing any expenses from your pocket. If you make a cashless claim, the insurer will directly settle the amount with the garage or repair service provider.
How to choose the cashless garage facility during car insurance renewal online?
During car insurance renewal online, you should visit your insurer’s website. Check out the network garages authorised by your insurer. Choosing an insurance provider with a large number of network garages ensures that you can receive cashless repair services at multiple locations.
Is the cashless garage facility beneficial?
The cashless garage facility with your car insurance cover proves to be quite beneficial nowadays. You might discover a limited number of network garages. Moreover, you will have to pay the compulsory deductibles from your pocket. But the benefits of the cashless garage facility outweigh its disadvantages. Therefore, choose the cashless garage facility without second thoughts.
How long does a cashless car insurance claim settlement take?
If you have the cashless garage facility, your car insurance claims get settled quite fast. The insurer will be in direct contact with the network garages and receive the bills instantly. Therefore, the insurance company will pay the repair expenses in no time.
How does car insurance reimbursement work?
When you make a reimbursement claim, you will have to provide ample evidence. The car insurance provider will review the proof and reimburse the amount. But you will have to pay for the repair from your own pocket initially and wait for your insurance claim to be settled.
