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Common Mistakes Made While Filing Third-Party Two-Wheeler Insurance

Published On Nov 22, 2021

If you wish to make a claim for third-party bike insurance, there are a few frequent blunders to avoid.

According to the Indian Motor Tariff, every two-wheeler vehicle owner must have third-party bike insurance coverage when operating a bike or scooter in India. A third-party two-wheeler insurance coverage compensates for any third person who suffers injury, death, loss, or property damage as a result of an accident involving the covered vehicle. Although filing a claim for two-wheeler insurance appears to be an easy process, it is not. Because the procedure of filing a third-party insurance claim is complicated, many people make mistakes during the process, which results in claim denial. 

As a result, let's go through some frequent blunders to avoid while filing a third-party bike insurance claim. Two types of coverage are often combined together in a comprehensive two-wheeler insurance policy: own damages and third-party liabilities. Personal accident coverage is included in some comprehensive plans as part of the basic plan. The personal accident insurance and the own damages cover, as its names suggest, protect the policyholder from vehicle damage, personal injuries, and death. These are also optional coverings.

Common Mistakes Made While Filing Third-Party Two-Wheeler Insurance

Avoiding Common Mistakes When Filing a Third-Party Bike Insurance Claim

Here are some common errors that you should be aware of in order to prevent them:

  • Failure to Notify The Authorities

You should report an accident or disaster to the local police department as soon as possible. Many often, individuals try to settle a problem with other parties involved without informing the authorities. This is never a good idea. You should be aware that failing to report a traffic collision to the police is unlawful, therefore always do so. Furthermore, filing an FIR against the other individual aids you in submitting and receiving a claim under your insurance coverage.

  • Attempt to Flee The Area

People react differently at the accident scene, but the majority of them escape for fear of being captured or engaged in more difficulty. Never try to flee the scene of an accident or transfer your two-wheeler or anybody else's vehicle from there. In fact, you should make every effort to assist anyone who requires medical assistance while you're there.

  • Panic and Anxiety

In such a case, try to remain cool so that you can make the best judgments possible. Panic will just exacerbate the situation. As a result, keep your calm and speak with the other party at the accident scene. Instead of getting into an argument, try to find a solution to your problem. In circumstances, think smartly on the fly and make cautious and timely judgments.

  • Don't Forget About Post-Accident Formalities

Following the initial formalities, people grow more relaxed. However, you must remember to file the necessary post-accidental forms and ensure that deadlines are not missed by which you must have completed the requirements. You should gather all necessary and needed documentation and file a third-party bike insurance claim as soon as possible.

  • Accepting a Check as Final Payment is Not a Good Idea

Accepting a check as the 'final payment' is never a good idea unless you are certain of the claim's value. Also, never sign any releases to your insurance company until you have received proper legal counsel or discovered that the insurance company's original estimated claim settlement amount is the final one.

Take Away

Because of the complicated procedure of submitting a third-party two-wheeler insurance claim, insurance companies may take longer than normal to satisfy the claim. In such cases, you should remain cool and go through the aforementioned steps to avoid any problems during the claim settlement procedure. Because filing a third-party bike insurance claim and receiving it is a time-consuming and lengthy procedure, you can lessen the possibilities of it being denied by reading and following the above advice.

Also Read: 

Benefits Of Purchasing a Bike Insurance Plan From Navi General Insurance

Easy Steps To File Bike Insurance Claim At Bharti AXA

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.

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