What Are The Documents Required For Bike Insurance Claims?

As the number of vehicles on the road increases, so does the incidence of accidents and thefts. If you own a two-wheeler, getting it insured under a two-wheeler insurance plan is the best method to protect it from such events. In the event of a mishap, it will reduce your large financial losses to a manageable expenditure. However, in order to get the benefits of insurance coverage, you must file insurance claims. Although filing a two-wheeler insurance claim is simple, the lack of necessary paperwork might make it time-consuming. As a result, you must have all of the relevant information about the documents needed to file an insurance claim; otherwise, your claim may be denied.

What Are The Different Types of Bike Insurance Claim Settlement?

You can file two types of claims if you have a two-wheeler insurance policy: cashless claims and reimbursement claims. To make a cashless claim, you must drive your motorcycle or scooter to a network garage of your insurance company, where your insurer will pay the garage directly for the repairs. However, if your two-wheeler vehicle cannot be serviced at a network garage for any reason, you will be responsible for paying the repair expenses until your bike insurance provider reimburses you the same amount. However, your insurance provider will only compensate you for damage and loss up to the policy's coverage level.

What Is The Information That You Need To File A Bike Insurance Claim?

If you are involved in an accident or have your two-wheeler stolen, you must immediately notify your insurance company and file a First Information Report (FIR) with the police station. After that, you should gather the following information in order to submit a claim request - 

1. Contact information of the policyholder and the policy number
2. The policyholder's name and a brief description of the incident
3. The amount of the harm or loss
4. Your two-wheeler's Brand and model
5. Your two-registration wheeler's number
6. The details regarding the accident or theft that occurred at a specific time, date, or location.
7. In the event of a collision, information about the other vehicle is involved.
8. If the bike is fixed, provide the name and contact information for the garage.
9. Statement and, if applicable, contact information for the eyewitness

You may also like to read:- Purchasing A Used Bike From A Different State? Keep These Things in Mind! 

What Are The Documents Required To File For A Bike Insurance Claim? 

When filing a claim, you must provide some necessary and legitimate documents in addition to the circumstances of the event. The following is a list of documentation you'll need to file an insurance claim for an accident or theft - 

In Case of An Accident/Collision

• Form for submitting a claim that has been completely filled out and signed.
• Bike insurance papers
• Copy of the Certificate of Registration (RC)
• a copy of your driver's licence (DL)
• a copy of the preliminary information report (FIR)
• Original tax receipts must be shown for verification.
• An estimate of the cost of vehicle repair
• Once the repair is completed, keep all receipts and bills.
• If the claim amount is to be given directly to the repairer, use a Claims Discharge cum Satisfaction Voucher (with a sign over a revenue stamp).

In Case of Theft of Bike

• The original insurance policy papers
• Original Certificate of Registration (RC)
• receipt for tax payment
• Theft declaration from the appropriate Regional Transport Office, which has been verified.
• Details on previous insurance policies, such as the name of the insurer, policy number, and policy term
• Warranty cards, duplicate keys, and other helpful accessories
• A final police report, a First Information Report (FIR), and a Judicial Magistrate First Class (JMFC)
• Theft notification letter to the RTO, indicating that the bike has been stolen and is no longer in use.
• The subrogation letter
• Forms 28, 29, 30, and 35, signed by the policyholder and the finance officer.

Also Read:- Factors That Decide Bike Insurance Premium

Take Away

Before making a claim, obtain thorough information on the required documents and other essential procedures. Examine the documents and details listed above to become familiar with the documentation required and to file a successful claim request in the event of an accident or theft of your two-wheeler.

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.