How To Raise A Bike Insurance Claim?

You must notify the insurance provider of the incident to file a bike insurance claim. It may result from an accident, theft, or natural or man-made calamities. In addition, you must submit the required documentation to receive reimbursement for your expenses.

But before delving into the claim settlement procedure, it is essential to understand the different sorts of procedures.

Cashless Claim Settlement

Cashless claims for Bike insurance are handled without the insured having to pay the claim amount out of pocket. The sole requirement is to receive the services at a network garage. Since the insurer has established relationships with these garages, the insurer makes the payment directly. *

Reimbursement Claim Settlement

In the event of a bike insurance reimbursement claim, you must pay for the repairs out of pocket and file a claim later. After checking the supporting documents, such as the bike insurance premium receipt, original repair bill, policy document, RC, etc., the insurer may reimburse the amount expended. You may get your automobile repaired at the garage of your choice and be reimbursed directly to your bank account. *

How to File a Bike Insurance Claim

These simple steps could assist you in understanding how to claim insurance for bike – prompt and trouble-free claim payment for your motorbike.

Unrelated Claim

1. If you are involved in an accident and strike the other driver’s vehicle, you must immediately notify the police and your insurance company.

2. If you are the victim, obtain the other party’s insurance information and file a claim under third-party liability.

3. The insurer can forward the claim to the Motor Insurance Claim Tribunal for a ruling.

4. After examining the case, the tribunal court determines the amount of compensation to be paid.

5. The procedure remains the same even if you are at fault and must pay third-party liabilities.

Own-damage Claim *

1. Notify your insurance if your motorbike is damaged in an accident or by natural or man-made disasters.

2. In the event of an accident, immediately submit an FIR.

3. Inform the insurer within the specified time frame to avoid claim denial

4. The insurer may appoint a surveyor to investigate the case and assess the damages.

5. After the evaluation report is approved, the damaged car is transported to a network garage for repairs.

6. A cashless transaction can settle the repair bill directly with the network garage.

7. In the event of reimbursement, the insurer may pay you the bill by the policy’s terms and conditions.

Theft Dispute

1. Even if your vehicle is stolen, you must immediately file an FIR and notify your insurer.

2. Send all required documentation, including the original keys.

3. If the car cannot be traced within a specified time frame, the police may issue a non-traceable certificate.

4. Based on this figure, the insurer may settle the claim as a total loss and pay up to the IDV.

Frequent Refusal Causes for Bike Insurance Claims

The insurer denies many bike insurance claims. Typically, claims are delayed or even denied due to inadequate documentation. *

In this regard, the following are some of the most typical causes for the denial of a two-wheeler insurance claim:

• If the information you supply is false and/or contrived
• If the accident occurs while the driver is under the influence of alcohol or drugs, the driver may be held liable.
• You are not the legal owner if you drive a vehicle as a second-hand owner and the title is still in the previous owner’s name.
• You may be fined if you are involved in an accident while driving without a valid driver’s licence.
• You may be fined if you violate traffic regulations and fail to report an accident within the required time range.

* Standard T&C Apply

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.