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:
- Financial protection in case of an accident, theft, or other unforeseen event.
- Peace of mind knowing that you are covered in the event of a loss.
- Coverage against third-party liabilities
- Reduced stress and hassle in the event of a claim.
Reasons Your Claim Could Be Rejected
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. *
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. *
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. *
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. *
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.
Bike Insurance Claim Process
The bike insurance claim process
is relatively simple. Here are the basic steps involved:
- Report the accident to the police.
- Contact your insurer and file a claim.
- Provide your insurer with documentation of the accident, such as a police report, repair estimates, and medical bills.
- 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.
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.
* 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.