Planning To Buy Cashless Vehicle Insurance? Read This Blog First!

 


Imagine your vehicle meets with an accident and incurs severe damages. You take the vehicle to the nearest garage, only to find out that the repairs will cost a large amount. It may be quite difficult for you to arrange this money at the moment. However, it is vital that your vehicle gets repaired at the earliest. You can raise a claim on your commercial vehicle insurance, but that would still require you to pay the amount now. It is in situations like these that cashless vehicle insurance can be of immense help to you. 

What is cashless vehicle insurance? 

You may have heard of cashless health insurance. Well, cashless vehicle insurance works similarly. When your vehicle undergoes repairs due to damages that are covered by the insurance policy, the expenses for the same are paid majorly by the insurer. The insurer deals with the garage directly and settles the bill with them. You have to simply let your insurer know that you would like to opt for the cashless service. 

This is in contrast to the reimbursement method, in which the policyholder has to pay the garage the dues, for which they are reimbursed later by the insurer. 

Original Content :- Planning To Buy Cashless Vehicle Insurance? Read This Blog First!

 


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