Accidents are tragic occurrences that can occur at any time. Therefore, each individual should be prudent and plan for such circumstances. It is imperative that we own a valid licence and insurance policy when driving on Indian roadways. In the event of an accident, two-wheeler insurance coverage provides cash help and protects your legal duties. In addition, the Motor Vehicles Act of 1988 mandates purchasing a basic third-party two-wheeler insurance policy.
Once you have an active policy, you are prepared to face most obstacles. If an unexpected event occurs and you need to claim bike insurance, you would like it resolved as quickly as possible. However, you must follow a particular procedure before receiving your claim settlement sum. Understanding how to file a claim is vital to obtaining the correct two-wheeler insurance policy.
Follow the below guidelines to file a claim without committing errors:
- Contact your insurance provider
You should immediately contact your insurance company if no one sustained bodily injuries due to the collision. You can accomplish this by calling their support lines and following the instructions. You must then follow their instructions after they have registered your insurance claim. However, if the mishap results in physical injury, notify emergency services before taking any other action.
Evidence is another consideration to keep in mind. After notifying the authorities and your insurer, you can take photographs and videos of the occurrence as evidence, if necessary.
- File an FIR
You must file a First Information Report (FIR) if you cause physical harm or property damage to a third party (First Information Report). When filing a claim, your insurance will require a copy of this.
- Understand the various sorts of claims
You must be aware of the type of claim you intend to submit. If the property or person of a third party were harmed or injured, this would constitute a third-party claim. However, if the insured bike experienced damage, a comprehensive claim would be filed.
- File a claim as soon as possible
Refrain from lingering before you claim bike insurance. In addition, settlements typically take some time to process. Therefore the claim form must be appropriately filled out and submitted as soon as possible.
- Be mindful of the inclusions and exclusions of the policy
Carefully review the policy document and the exclusions and inclusions of your two-wheeler insurance coverage. It will be denied if you submit a claim for coverage that is excluded from your policy.
- Provide precise details
Take your time when filling out the claim form. If you supply accurate information, your claim may be completed on time.
- Be honest
The reason for filing the claim must be crystal apparent to the insurance company, and you must be forthright about what transpired. For instance, if you apply for a Bajaj Allianz bike insurance claim, you will be assigned a representative to examine your vehicle. For your claim to be approved, you must complete this procedure.
- Submit the required documentation
In addition to the claim form, your insurance carrier must provide several more papers. Due to the internet’s facilitation of these processes, documents can be uploaded straight online.
- Obtain a bike inspection
Ensure that the insurance company’s representative inspects the damaged motorcycle before you begin repairs. It is advisable to answer all of their queries accurately and sincerely.
- Try to find a network garage
To maximise the benefits of your insurance policy, bring your damaged vehicle to a network garage to receive a cashless settlement. Your insurance provider will pay the repair costs directly, so you can sit back and relax. If going to the network garage is impractical, you can repair the bike yourself and request payment from your insurer.
With technology making our lives easier, insurance claims should be quick and painless. If you follow the methods outlined above to settle the claim on your bike insurance policy, you will likely be rewarded swiftly and without any obstacles. You should be aware of the insurance renewal process to prevent your policy from expiring.
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
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