Why Your Two Wheeler Insurance Claims Get Rejected?

Two-wheeler insurance is a must-have for any motorcycle or scooter owner in India. It provides financial protection in case of an accident, theft, or other unforeseen event. However, there are a few things you need to know about the claims process to ensure that your claim is approved. In this article, we will discuss the top five reasons why two-wheeler insurance claims are rejected. We will also provide tips on how to avoid these mistakes and increase your chances of having your claim approved. So, whether you are a new two-wheeler owner or you have been riding for years, read on to learn more about the claims process and how to protect yourself financially.

Benefits of Two-Wheeler Insurance

There are many two-wheeler insurance benefits. Here are a few of the most important:

1. Financial protection in case of an accident, theft, or other unforeseen event.
2. Peace of mind knowing that you are covered in the event of a loss.
3. Coverage against third-party liabilities
4. Reduced stress and hassle in the event of a claim.

5 Reasons Why Bike Insurance Claims Get Rejected

1. Policy Lapse

Every two-wheeler insurance policy has a validity of a year. If you want to retain the coverage after a year, you will have to renew the policy. Not doing so, even during the break-in period, will render your policy expired or lapsed. If your two-wheeler insurance policy has lapsed, you will not be covered for any losses or damages. Hence, it is important to renew your policy before it expires to avoid any gaps in coverage. *

2. Misrepresentation of Information

When you apply for online bike insurance, you must provide accurate information about yourself and your vehicle. If you misrepresent any information, your claim may be rejected. For example, if you lie about your driving history or the condition of your vehicle, your insurer may deny your claim. Moreover, having such an incident on your record could also adversely affect the renewal of your current plan or the purchase of a new one. *

3. Failure to File a Claim On Time

Most two-wheeler insurance policies have a time limit for filing a claim. If you fail to file your claim within the specified period, it may be rejected. For example, if your policy has a 30-day time limit and you file your claim 60 days after the accident, your insurer may deny your claim. Hence, it is important to know the time limits for registering a claim with your insurer. *

4. Not Complying with the Policy Terms and Conditions

Your two-wheeler insurance policy will have a set of terms and conditions that you must agree to in order to be covered. If you do not comply with these terms and conditions, your claim may get rejected. For example, if your policy requires you to have a valid driver's license and you do not have one, your insurer may deny your claim. *

5. Fraudulent Claims

If you file a fraudulent claim, your insurer may deny your claim and even take legal action against you. A fraudulent claim is made with the intent to deceive the insurer. For example, if you claim that your motorcycle was stolen when in reality it was sold, your insurer may deny your claim. * By avoiding these five common mistakes, you can increase your chances of having your two-wheeler insurance claim approved. If you have any questions about your two-wheeler insurance policy, be sure to contact your insurer. Claims are subject to terms and conditions set forth under motor insurance policy. Also Read: Bike/Two Wheeler Insurance Claim Settlement Ratio

Bike Insurance Claim Process

The bike insurance claim process is relatively simple. Here are the basic steps involved:

1. Report the accident to the police.
2. Contact your insurer and file a claim.
3. Provide your insurer with documentation of the accident, such as a police report, repair estimates, and medical bills.
4. Once the settlement is agreed upon, your insurer will pay for the damages.

The bike insurance claim process can vary depending on the insurer and the specific circumstances of the accident. However, by following these basic steps, you can make the process as smooth and efficient as possible. Claims are subject to terms and conditions set forth under motor insurance policy.

Conclusion

Online bike insurance is a convenient and affordable way to get coverage for your motorcycle or scooter. You can compare quotes from different insurers and purchase a policy in minutes. Online bike insurance policies typically offer the same coverage as traditional policies, and they may even offer some additional benefits, such as roadside assistance and theft protection. Two-wheeler insurance is extremely important for any motorcycle or scooter owner. By avoiding the five common mistakes listed above, you can increase your chances of having your claim approved. If you have any questions about your two wheeler insurance benefits, premium, or claims process, be sure to contact your insurer. Also Read: File a Two Wheeler Insurance Claim: Step-by-Step Guide

FAQs

Why can a claim be rejected?

A claim can be rejected due to reasons such as non-disclosure of relevant information, policy lapse due to non-payment of premiums, incorrect or fraudulent information, the incident not being covered under the policy, or if the bike was used for illegal purposes.

How many times can I claim 2-wheeler insurance?

There is no specific limit to the number of claims you can make under your two-wheeler insurance policy. However, making frequent claims may affect your No Claim Bonus (NCB) and increase your premium during renewal.

How often do insurance companies reject claims?

Claims are typically rejected if they don't meet the terms and conditions of the policy. The frequency of rejection varies depending on the insurance provider and the nature of the claim, but it's essential to read and understand the policy details to avoid issues.

Is an FIR report mandatory while raising bike insurance claims?

An FIR report is generally required if the claim is related to theft, vandalism, or an accident involving third-party liability. It serves as an official record of the incident and helps with the claim processing. * Standard T&C Apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.