How To Claim Insurance For Bike Accident​?

“Get a financial advantage when unfortunate events hit hard”

In India, it is mandatory to have bike insurance. But having bike insurance is not enough if you don’t know the procedure for claiming coverage at the time of need. Therefore, knowing how to claim insurance for bike accident is essential to get financial coverage during this hard time. Time is uncertain, and no one knows when one will meet with an unfortunate event. So, understanding the claiming process ahead of time is important. 

To claim insurance for a bike accident successfully, you need to be careful in using the right steps to collect all the documents precisely. Once you have met with an accident, the first thing that you have to do is notify the insurer immediately regarding the accident. You can consider filing an FIR if required. 

How to claim insurance for bike accident​ ? Steps to follow for a successful claiming process!

Intimate the insurer immediately 

Use the toll-free number to contact your insurer to inform them of the accident. Informing them at the earliest lowers the chances of rejection. There is a time limit of informing the insurer within 24 to 48 hours. 

FIR 

If the accident involves injuries or significant damage to the property of a third party, then lodge an FIR at the nearest police station and provide them with all the necessary details regarding the accident. 

Collect evidences 

If possible, click photographs of the damage caused by the accident. If you document the damage well, then it will help you during the claiming procedure. 

Assessment by insurer 

Once you inform the insurance company regarding the incident, they will assign a surveyor to investigate the claim or the extent of damage caused to your bike. 

Get your bike repaired or replaced. 

If your claim is approved after the assessment process, then you can choose to get your bike repaired at the garage of the insurer.  However, in case of reimbursement, you can get your bike repaired at any of the garages of your choice and pay the bills.  In case of complete damage, one will get the insured sum for the bike. 

• Cashless claims 

For repair, you take the bike to the network garage of the insurance company, where the company itself settles the bills. 

• Reimbursement: 

You can take your bike to any of your preferred garages for repair. You need to pay the bills there and submit those for reimbursement. 

Submit all the documents. 

Make sure you submit all the documents properly. Any mistake in the collection of documents can lead to claim rejection. Have a look at the required documentation for the successful claiming process. 

• RC copy 
• Duly signing the claim form 
• Copy of insurance policy 
• The valid driving license copy of the rider 
• FIR copy, especially if the accident is a major one 
• Payment receipts or repair invoices 

Common reasons behind the insurance claim rejection 

• Delayed reporting 
• Expiry policy 
• Invalid policy 
• Incorrect documents 
• Uninsured modifications 
• Drunk driver or not possessing a valid driver’s license 
• Repairs done without surveyor inspection 

Conclusion!

If there are any discrepancies present in the claim form or documents, then it leads to the claim rejection. So, be sure you take every step carefully and fill in all the details accurately, along with the precise documents, to avoid rejection. So, you will get financial help when this unfortunate event hits your entire family hard.