For the owners of two-wheelers, purchasing a two wheeler insurance is mandatory. A comprehensive bike insurance plan essentially covers you in two cases, during the accident and during the theft of your vehicle. However, to ensure that your bike insurance claim is settled smoothly, there are certain factors that play an important role. Below is a list of things you must consider to ensure a hassle-free claim process.
Go through the coverage provided by your two-wheeler insurance plan:-
While filing an insurance claim, make sure you are well aware of the inclusions and exclusions of the policy. This will reduce the chances of your claim rejection. Also, before you purchase a two wheeler insurance plan, you must research about the policy as well as review the insurance provider you are opting for. It is advisable to opt for an insurance provider that provides wide coverage and has the least exclusions.
Gather the required documents beforehand:-
In case of an unfortunate accident or theft of your two-wheeler, ensure that you have all the required documents to make the claim successful.
In case of theft, it is important to first notify the police and register an FIR. This is because the FIR copy provides strong evidence of the loss.
Immediately Inform the Insurance Company:-
Once you have lodged a police complaint, the next step is to notify the insurance company with whom you have purchased the bike insurance.
Whereas, in case of an accident, if you wish to file a successful bike insurance claim, make sure you inform the insurance company post-recovery.
Each claim requires a different set of documents. It must be noted that all insurance companies have strict rules and regulations and they have the right to deny/reject your claim if you are unable to meet any of the mentioned requirements.
Take Advice of a Legal Practitioner:-
It is recommended to get in touch with a legal adviser to get things on the right track and to avoid any inconvenience in the later stage.
With leading Non-Banking Financial Companies (NBFCs) like Finserv MARKETS, you can buy bike insurance online in a hassle-free manner. Two-wheeler insurance plans on Finserv MARKETS provide a wide coverage along with round-the-clock assistance. Additionally, you can also register for your claim online by following a few easy steps. So what are you waiting for? Buy your bike insurance with Finserv MARKETS, today.
Also, know more about bike insurance claim settlement overview.
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