Before You File A National Bicycle Insurance Claim, Here's What You Should Know

National General Insurance is a publicly listed general insurance company that has handled thousands of claims successfully. As seen by its claim settlement ratio of 85.71 percent in the fiscal year 2019-2020, it has a strong track record of resolving claims. National General Insurance has been able to reach out to a wider number of people as a result of its digitization. Its policyholders should expect a quick resolution of their claims. The Customer Service representatives will guide you through the entire process.

How Do I File A National Cashless Bicycle Insurance Claim?

National General Insurance has broken down the bike insurance claim process into the following steps to make it as simple as possible for policyholders:

• Contact National General  Insurance

To start the claim settlement process, the policyholder must tell the insurer as soon as possible following the incidence, whether it is a theft, an accident, or any other damage to the bike. Call 1800-345-0330 to reach National General Insurance. The call should be made within 24 hours of a catastrophic accident. Take photos of the scene of the tragic incident and obtain the names of witnesses so that you can use them as proof when submitting a claim.

• Submit a Claim

A representative from National General Insurance will call you within 24 hours. The representative must be given the following information:

• The number of policies
• On this day and at this hour, disaster struck.
• Description of the Estimated Loss
• At this location, our loss assessor will be able to check the vehicle.
• The driver's name, address, and phone number, as well as information from his or her driver's license
• The Insured's Contact Information
• The executive assigns you a claim reference number for future reference. Pick up a claim form at the branch that is most convenient for you.

• Damages Estimation

A surveyor from the company is sent to assess the extent of the bike's damage as a result of the collision. You can offer a completely completed claim form, policy documents, and proofs for the survey.

• Claims Settlements

After examining all of the factors, the surveyor gives his or her approval. The insurer accepts its financial and legal responsibilities and pays for all costs involved with the insured's bike's garage repair. The claim amount is calculated after deducting deductibles and depreciation.

• Bonus for Not Making a Claim (NCB)

A No Claim Bonus is included with every two-wheeler own-damage coverage from the National General Insurance Company. Every insurance provider offers own-damage coverage as a reward for each year of no claims. The advantage is cumulative, which means that it improves with time. For the sixth year in a row, it surpasses 50%. This is the most a policyholder can obtain from their insurance company in terms of a No Claim Bonus. The NCB is disabled when a policyholder files a claim. The claim's value is insignificant. As a result, you should only file a claim if the harm is significant and exceeds the NCB.

Take Away

In today's world, insurance has become a need. Getting yourself and your basics protected, whether it's for travel, life, or vehicle insurance, is a must before it's too late. Most people in the twenty-first century own a vehicle for daily transportation, such as a car, motorcycle, jeep, scooter, or another similar vehicle. It's just as important to get your vehicle insured as it is to acquire your life or health insurance. In today's fast-paced and competitive world, theft and damage caused by accidents or natural disasters have become commonplace. As a result, insuring your bike with a reputable insurance company is a good idea.

Also read: The Most Common Ways To Renew Your Two-Wheeler Insurance

The Most Common Mistakes Made When Filing A Third-Party Two-Wheeler Insurance Claim