Comprehending common causes for car insurance claim denials is essential. Failure to disclose information, policy breaches, lack of valid licenses, and opting for unauthorized repairs can result in rejections.
Understanding common reasons for car insurance claim rejections is crucial. Non-disclosure, policy violations, invalid licenses, and unauthorized repairs can lead to rejections.
If you file a claim, you will lose the no-claim bonus (NCB), a discount on your premium at the next policy renewal. This will matter especially so if you have had many claim-free years. The NCB goes up from 20% to 50% as you go from one claim-free year to five such consecutive years