What Do You Mean by Endorsement in Two-Wheeler Insurance Policy?

Having a two-wheeler insurance policy is mandatory as well as beneficial. It provides you with all-around protection for your two-wheeler which allows you to use it without hesitation. Your two-wheeler insurance policy must have accurate information about yourself and your insurance cover, in order for you to avail yourself of benefits from it. This is where endorsements in two-wheeler insurance policies come in.

What is an Endorsement in Two-Wheeler Insurance Policy?

An endorsement of a two-wheeler insurance policy signals any change that is made in the two-wheeler policy document. An endorsement itself is a document that makes the changes or additions in already existing two-wheeler insurance policy documents. These can be any changes pertaining to the coverage provided by the insurance policy as well as the personal information of the policyholder. It is important that the changes be made as soon as any new addition or change is done so that there are no discrepancies at the time of claims.

List of Accepted Endorsements for a Two-Wheeler Insurance Policy

Take a note of the available endorsements that are usually available under any two-wheeler insurance policy. 

• A correction/change in the two-wheeler's Insured Declared Value (IDV)
• A correction/change in the two wheeler’s cubic capacity
• A correction/change in your name
• A correction/change in your physical address
• A correction/change in the email id and/or mobile number of the policyholder 
• A correction/change in your two-wheeler's registration number
• A correction/change in the engine number
• A correction/change in the chassis number
• Any change in the electrical accessories present in the two-wheeler
• A correction/change in the type of fuel needed in your two-wheeler
• A correction/change regarding the manufacturing details (name, date etc.) of the two-wheeler 
• An inclusion or increase in the voluntary deductible available 
• An inclusion of an LPG/CNG Kit
• A change in the seating capacity of the two-wheeler
• A correction/change in the passengers covered
• Any premium mismatch detected in the policy
• Any change in the details of the nominee
• Transference in ownership of the two-wheeler
• Addition or deletion of zero depreciation add-on

How to Make an Endorsement in a Two-Wheeler Insurance Policy?

If there are any changes from the above list pertaining to your two-wheeler insurance policy, an intimation of the same has to be provided to the insurance provider. If the changes are not adequately made on the policy documents or any discrepancy is found during the process of claiming from the policy, it can lead to the rejection of the claim or at the least, in the delay of it. 

An endorsement request has to be supported by the necessary documents for it to be accepted by the insurance provider. The details of what documents might be required must be gathered from the insurance provider. Once the changes or additions are accepted, an endorsement certificate is issued in order to signal the changes that have been made. 

Endnotes

Any changes made through an endorsement and validated by an endorsement certificate is valid till the end of the two-wheeler insurance policy term or till the validity of the particular aspect to which the change has been made. This incredible flexibility that is available to all policyholders, is very helpful and beneficial. Ensure all information in your two-wheeler insurance policy is valid. It will only help you get your claims settled more smoothly and avoid any penalizations.

Also Read:

Get NOC for Your Two-Wheeler Online

Top two-wheeler insurance add-on covers offered by HDFC ERGO

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.