5 Questions to Consider Before Filing Motorbike Insurance Claims
As per the Motor Vehicle Act 1988, third-party two-wheeler insurance is compulsory for two-wheeler owners plying on roads. It financially gives protection against third-party liabilities arising in an accident due to an insured two-wheeler. However, a third-party bike insurance policy does not cover the damages sustained to your own vehicle.
If you have a comprehensive bike insurance policy, you will get coverage for the damages sustained to your own vehicle during an accident. In order to get a successful settlement for a bike insurance claim, you must know the terms & conditions of the policy.
Below are 5 questions to consider that need to be given importance before claiming a motor vehicle insurance claim-
Do You Have a Valid Two-wheeler Insurance Policy?
Getting the right insurance policy for you as an individual and for your bike is a top priority. Bike insurance is a specially designed policy that states the specific kinds of coverage.
Remember, if you decide to raise a bike insurance claim, make sure you are well aware of the inclusions and exclusions to turn the settlement into a successful affair.
Moreover, you should be aware of the validity of the insurance policy. If you hold an expired or lapsed bike insurance policy at the time of the accident, no motor insurance company will accept your claim request. Therefore, it is advised to renew a two-wheeler insurance policy on time.
Do You Have All the Mandatory Documents?
The next question you must ask yourself is- do you have all the mandatory documents required?
If you have faced an accident and wish to apply for the claim after recovery, ensure you have ample information for a successful claim settlement.
Below is a list of documents you must keep ready-
- Duly filled and signed claim form
- A valid copy of your DL, RC, and bike insurance policy
- In case of theft, FIR copy
Furthermore, in case of an accident, get the contact number & address of the witness and take pictures of the damaged vehicle at the accident spot for a smooth claim settlement. In case you have access to medical treatment, get a copy of medical/hospital bills.
What are the Damages Caused by the Accident?
It is a very crucial step that you should not miss. You must note down all the damages caused to your insured vehicle or that you have caused a damaged third-party vehicle.
In both cases, you will need to note down all the damages caused to the vehicle along with the photographs. It will be a great help if you have saved the name & contact details of the witnesses.
All the evidence collected by you will help in settling the claims hassle-free. Therefore, you must note down the details about the damaged property.
Have You Informed the Insurance Provider Immediately?
It is always the first rule to inform the insurance provider as early as possible.
In case of theft, lodged a police complaint without wasting any time and notify the insurance company about the unfortunate incident.
On the other hand, in case of an accident after you avail proper medical care and are fit to resume, ensure you inform the insurance company on time.
Remember, all insurance companies have strict rules and regulations regarding the notification of claims. Also, they have the right to deny or reject if you disregard any of the mentioned requirements.
Have You Waited for the Surveyor Visit at Accident Site?
Once you inform your insurance provider about the incident, they will assign a surveyor to inspect the damages caused to your insured bike. But you will have to wait until the surveyor comes to the accident site.
Before sending your insured bike for repairs in the garage, the surveyor will analyze all the damages. It is suggested to do not to move your vehicle from the accident site before the surveyor’s visit.
As per the assessment report made by the surveyor, the insurer will accept or reject your claim request. Therefore, for a fuss-free claim experience, do not move your vehicle until the surveyor visits the accident site.
Keeping in mind the above questions, it is not merely an option to make your claim settlement process hassle-free, but also to know what needs to be done before claim registration. Be wise and choose a plan that covers you entirely and is cost-effective also. For the best plans and hassle-free claim settlement process, you can visit the official website of the Policybazaar Insurance Brokers Private Limited.
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