How To Claim Insurance After A Bike Accident

All motorcycles and scooters operating on Indian highways must have third-party two-wheeler insurance, according to The Motor Vehicles Act of 1988. It protects the policyholderagainst potential third-party liability brought on by collisions or accidents involving the covered two-wheeler. However, your bike's damages won't be covered by a third-party insurance policy.

Although filing a claim might not be something you wish to deal with, it is a necessary step in the process of recovering your losses. This article will explain how to submit a claim for bike insurance coverage after an accident if you have been involved in a bike accident and need to do so. 

What Is Bike Insurance Claim?

 You get into a legal agreement with the insurance company by purchasing two-wheeler insurance. The agreement simply specifies that the insurance company would cover the costs associated with the accident-related damages.

Let's imagine that you had a bike accident on the way to work and that your two-wheeler insurance is still in effect. In this case, you will need to submit a "Claim" to the insurance company. You must submit a claim in order to inform the insurance company of your accident.

How To File A Claim?

 Typically, you might need to submit a claim in one of the three cases listed below:

• Someone may be hurt or their property may be damaged by your bike. A third-party liability action will be appropriate in this situation.
• Your bike sustains damage in the collision. In this situation, you must submit your own damage claim.
• Your bicycle was taken. You will need to submit an own damage claim in such a case. The insurance company will deem the vehicle a "total loss," and you will receive its Insured Declared Value (IDV).

The Personal Accident cover for owner-driver allows an insured individual to make a claim if an accident results in death or permanent disability.

The steps to submit a claim for bike insurance are as follows:

How To Submit A Claim For Third-Party Insurance

Step 1: Take the policy information from the opposing party and notify the insurer of the third-party claim.

Step 2: The insurance provider will submit your case for a decision to the Motor Insurance Claims Tribunal.

Step 3: The tribunal court will decide how much money should be paid to you as compensation after hearing from both parties.

Step 4: The insurance company will deposit the settlement money into your bank account.

How To Submit A Claim For The OD Cover?

Step 1: Immediately notify the insurance company.

Step 2: Submit the necessary paperwork to support the claim. If necessary, submit an FIR to the neighbourhood police department.

Step 3: The insurance will hire a surveyor to confirm the claim and assess the damage.

Step 4: If the surveyor accepts your claim as true, he or she will give the garage permission to begin the repairs.

Step 5: In the event of a cashless claim, the insurer as well as the garage will work directly to resolve the costs. While in the event of a reimbursement claim, the restoration amount will be sent via National Electronic Fund Transfer to your bank account (NEFT).

How To Make A Claim In The Event Of Theft?

Step 1: As soon as you discover that your bike has been stolen, notify your insurer.

Step 2: Submit an FIR to your neighbourhood police department. In this situation, this action is required.

Step 3: Submit the necessary paperwork to the insurer in order to make a claim.

Step 4: Request a non-traceable police certificate and provide it to the insurance.

Step 5: The insurance will deposit the IDV for your motorcycle into your bank account.

Documents Needed For An Insurance Claim For A Bicycle

You must provide the following paperwork to the insurance company in order to make a claim under your bike insurance plan:

• Completely filled out claim form for a policy

• Car's registration certificate (RC) Driver's licence of the person who was operating the vehicle at the time of the collision a copy of the police FIR (mandatory in cases of theft)

• original bills and invoices for repairs (for reimbursement claims)

• Forms 28/29/30 with the car owner's proper signature.

• Notification of No Objection.

Conclusion

 You can take some suggestions to make the claim registration process go more smoothly for you. As soon as possible, report the accident and, if necessary, the police. Gather as much data as you can to support your assertion. Ensure that you have all the required paperwork to successfully register a claim. And don't forget to participate in the claim settlement procedure in conjunction with the support staff. Make sure you follow them for an easy claim-filing process.

Also Read: How To Get Bike Insurance For An Old Bike?