Common Mistakes While Filing Third-Party Bike Insurance Claim

It is compulsory for every two-wheeler vehicle owner to own a third-party bike insurance policy while driving a bike or scooter in India, as per the Indian Motor Tariff. A third-party two-wheeler insurance policy provides compensation against injury, death, loss, or property damage incurred by any third party due to an with the insured vehicle. Although it seems a simple process to file a claim for two-wheeler insurance, actually it is not. The process to file a third-party insurance claim is tricky due to which many people end up making some mistakes while raising a claim that leads to claim rejection. Hence, let’s discuss some common mistakes you should avoid while filing a third party bike insurance claim.

Common Mistakes to Avoid While Filing Third-Party Bike Insurance Claim

Here are some of the mistakes that people generally make which you should be aware of to avoid:

1. Not Informing the Police

Soon after an accident or a mishap, you should inform the local police about the incident. Many times people try to settle the dispute with other involved parties without letting the police know about it, never do that. You should know that not intimating the police about your road accident is illegal, therefore, always do that. Moreover, when you register an FIR against the other person, it also helps you in filing and getting a claim for your insurance policy.

2. Run Away from the Spot

Different people act differently at the accident spot, but most of them flee from the spot due to fear of getting caught or entangled in further trouble. You should never run away from the accident place or move your two-wheeler or anyone else’s vehicle from there. In fact, you must try to help anyone who requires medical aid there and should try to arrange that. 

3. Panic and Stressing

Try to be calm in such a situation to be able to make the right decisions at that time. Getting panic only worsen the problem. Hence, don’t lose your cool and conversate with the other party at the accident spot. Try not to indulge in an argument and look for a solution to your problem. Think wisely at the spot and take prudent and prompt decisions in situations.

You may also like to read: A First-Time Bike Insurance Buyer's Guide

4. Don’t Skip Post-Accidental Formalities

People become casual after the primary formalities. But, you should not forget to file the required post-accidental formalities and ensure that timelines are not passed under which you must have made the formalities done. You should gather all the relevant and required documents and file a third-party bike insurance claim in the quickest and correct manner. 

5. Don’t Accept a Cheque as Final Payment

Never accept any cheque as the ‘final payment’ until you are completely convinced about the amount of the claim. Also, never sign any releases to your insurance company until you get correct legal advice or you find that the first estimated claim settlement value provided by the insurance company is the ultimate. 

Take Away

The complex process of third party two-wheeler insurance claim filing can make the insurance companies take a longer time than usual to settle the claim. You should keep calm in such situations and go through the aforementioned points to avoid any sort of hurdle during the claim settlement process. Since making a third-party bike insurance claim request and getting it is a tedious and lengthy process, but by looking through and following the above tips, you can reduce the chances of its rejection.

Also Read: How To Check Bike Insurance Expiry Online? 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.