Page 220 - Motor Insurance Ebook IC 72

The Insurance Times

checks the vehicle and driver documents as also load, if
any carried.

The insured is required to submit a detailed estimate of
repairs from any repairer of his choice. Generally, these
repairs are acceptable to the insurers but they at times
ask the insured to obtain repair estimate from another
repairer, if they have reason to believe that the
competence, moral hazard or business integrity of the
repairer first chosen is not satisfactory.

All proposal forms elicit full particulars of settled and
outstanding claims in connection with any motor vehicle
owned or driven by the proposer during the last
preceding 3 to 5 years. Information is required to be
submitted separately for 'own damage' claims, third
party claims and other claims.

The data will have to be analyzed with a sense or right
perspective. A single serious and major claim need not be
a matter of concern but a string of minor accidents over a
period of five years is definitely unsatisfactory experience.
Such proposals may be accepted with an 'excess'.

Claims experience has also to be considered at the
time of renewal. The approach adopted for a
acceptance of new proposal is equally applicable for

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