All About Delayed Two Wheeler Insurance Claim
Published On Nov 04, 2020
What happens when your insurance claim for your two wheeler is delayed?
There are myriad reasons why one’s insurance claim might get rejected. One of the most common reasons is the delay in filing a claim. Owning a bike or two wheeler is a big responsibility and surely you would have invested a lot into its maintenance and insurance. This would mean always paying the premiums on time and keeping your two wheeler well serviced and maintained. However, despite all this, an important thing to keep in mind that is non-negotiable when dealing with insurance for your two wheeler is the timeline within which claims have to be filed. Let’s read all about the impact of failing to file a two wheeler insurance claim on time.
What is the Required Timeline To File A Two-Wheeler Insurance Claim?
Most insurance companies will require that a claim be filed or the company be notified of the damages or injuries and their extent within 24 hours of the occurrence. Regardless of past history with filing claims or with payment of premiums or other responsibilities, this is the timeline that most companies would work with and would require you to file a claim within. Some companies may consider making an exception if there is proof of your inability to have filed a claim, for example, if there was serious bodily injury that prevented it. Therefore, it is best to avoid delay in filing your claim and inform your insurance company immediately in the aftermath of any incident that would require you to raise a claim and avail your insurance protection. If you fail to do so, your claim will likely be rejected.
Why a Delayed Claim Often Leads to Rejection?
The reasons for insurance companies being very strict on the timeline of the insurance claim are largely practical. Let’s read about these.
Unable to Assess Damages
If too much time passes between the occurrence of the accident or damage and the filing of the claim, the insurance company will be unable to accurately assess the damages caused. This would impair their ability to correctly assess the claim.
It would also be difficult for them to contact witnesses to inspect the veracity of your claim and to verify the facts you have provided. This also applies to the involvement of any third party that may have been injured or sustained some damages as part of an accident with your bike, which then becomes difficult after time passes.
Avoiding Fake Claims
It is presumed that the majority of fake claims are delayed ones as the time passing allows the individual to invent facts and create a false claim. Therefore to avoid suspicion of a fraudulent claim it is best not to have any delay in raising your claim.
Takeaway: What is the Impact of a Delayed Claim?
Due to the practical difficulties that will be faced by the insurance company in assessing your claim if it is delayed, it is likely to be rejected. Therefore it is important to keep in mind that you should file a claim as soon as possible, within 24 hours of an incident occurring, in order to be able to access your insurance coverage as per the terms of your policy.
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.