All you need to know about bike insurance claim

2 wheeler insurance India

Claims can be of different types depending on the events occurred. The process for raising a claim differs slightly based on these events. You will require different sets of documents as per the type of claim you are raising. One can raise an Accident Claim, Theft Claim or Third-party Liability Claim. Read on to find out all you need to know about bike insurance claims:

Claim Types

Based on payment type one can choose to opt for either of the following:

Cashless Claim

After claim registration, the next step is to get your bike repaired. If you opt for a Cashless Claim, your bike will be repaired at the insurer’s network garage. Your insurer will settle the cost of repairs with that garage directly. You just need to pay the deductible amount after the damages are repaired.

Reimbursement Claim

In case of Reimbursement Claims, you need to pay the entire cost of getting your two-wheeler repaired. You have an option to get the damages repaired at a garage of your choice. After the damages are repaired, you need to submit the repair bill to your bike insurance company. They will subtract the deductible amount from final claim amount and settle the claim by paying the remaining amount.

How to Claim Bike Insurance

To claim against the policy, you need to follow some important steps. Here, are the steps to claim bike insurance:

Step #1 Intimate the Police

After an unfortunate event involving your insured bike, immediately intimate the police. You will require the Police Panchnama or FIR to file bike insurance claim with your insurer.

Step #2 Intimate the insurance company

To raise a claim, you need to intimate your insurer. You can do this by filling out the claim form which is easily available through multiple options. You can either download the claim form from the company’s website, get the form from your insurance agent or visit the branch personally.

Step #3 Documentation

Depending on the type of claim you are raising, you need to submit all the required documents. This will ensure that the claim process begins smoothly.

Next steps?

Documents Required for Bike Insurance Claims

Here are the lists of documents required at the time of making a bike insurance claim:

Basic Details

  • Bike Insurance Policy
  • Claim Form
  • Your Contact details
  • Details of the Insured Bike (make, model, registration number, etc.)
  • Time, date, and location of the accident
  • Description of the event

Documents for Accident Claim

  • Police Panchnama/FIR
  • Claim Form
  • Two wheeler insurance policy
  • Driver’s License of a person driving the insured bike at the time of accident
  • Registration Book
  • Tax Receipt
  • Estimate of Damages
  • Repair bill (in case of reimbursement claim)

Theft Claim

  • Bike Insurance Policy
  • Claim Form
  • Police Panchnama/FIR
  • All sets of keys
  • Warranty card
  • Service Booklets
  • Form 28, 29, 30 and Form 35 (if hypothecated)

Third-party Liability Claim

  • Details of Third-party vehicle
  • Claim Form
  • Details of insurance policy of the third party (in case of collision)
  • Owner’s Bike Insurance Policy
  • Details of the Insured Bike (make, model, registration number, etc.)
  • Driver’s License of the person driving the insured bike at the time of accident
  • Time, date, and location of the accident
  • Description of the event

The Bottom Line

Making bike insurance claim seems like a tedious task, however it can be very simple. It is the ultimate purpose of insurance. By settling a claim, your insurer is fulfilling the promise made at the time of purchase. With proper documentation and description of the event, it will be easier for the insurer to evaluate your claim as genuine and proceed with the settlement.

 

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