If your two-wheeler insurance plan has expired, the insurance company will not compensate for the loss incurred even if it’s only been a day since expiry.
You can ensure successful claim settlement of your two-wheeler insurance policy with the following tips:
Intimate the insurer about the claim as soon as possible
Read the policy documents carefully
Avoid repairing your vehicle before it has been inspected by the insurer
Understand the terms and conditions of your policy
The requirement of an FIR for insurance claims varies from one case to another. For third-party liabilities, theft claims and major accidents, an FIR report might be compulsory.
To avoid your insurance policy from lapsing, it is recommended to pay the premium before the due date. In case you forget the expiry date, you can renew your plan within the grace period.
Yes. You can easily buy bike insurance online at Finserv MARKETS, so head over to our platform now!