Frequent Mistakes While Filing Third-Party Bike Insurance Claim
Updated On Mar 04, 2022
Do you wish to make a claim for third-party bike insurance? Learn about some common pitfalls to avoid when filing a third-party bike insurance claim.
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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. Third-party two-wheeler insurance covers any third person who suffers injury, death, loss, or property damage as a result of an accident involving the insured vehicle. It may appear that filing a claim for two-wheeler insurance is straightforward, but it is not. Many consumers make mistakes that result in claim denial because the procedure of filing a third-party insurance claim is so complicated. As a result, let's look at some frequent blunders to avoid while filing a third-party motorcycle insurance claim.
Mistakes While Filing Third-Party Bike Insurance Claim
Here are some common errors to be aware of so that you can prevent them:
Notifying the Authorities Isn't Enough
Following an accident or catastrophe, you should contact the local police department as soon as possible. People typically try to address problems with other people before approaching the police. Doing anything like this is never a good idea. It's vital to remember that failing to report a traffic incident to the police is against the law, therefore do so whenever possible. Furthermore, filing an FIR against the other individual makes applying for and receiving a claim under your insurance policy much easier.
Attempt to Get Out of the Area
At the site of an accident, people react in a variety of ways, but the majority run for fear of being captured or getting into more difficulty. Never leave or relocate your two-wheeler, or anybody else's vehicle, from an accident scene. In fact, you should make every effort to assist anyone who requires medical attention while you're there.
Anxiety and Panic
Maintain your calm in such a moment so that you can make the finest judgments possible. Panic will just exacerbate the situation. As a result, keep your cool and converse with the other party at the crash scene. Rather than getting into a squabble, try to find a solution to your situation. When faced with a crisis, think swiftly and make wise choices.
Don't Forget About Formalities Following an Accident
People get more relaxed when the early formalities are completed. However, you must remember to file the proper post-accidental paperwork and make sure that deadlines for completing the paperwork are not missed. Collect all necessary evidence as soon as possible and file a third-party bike insurance claim.
Accepting a Check as Payment in Full
Accepting a cheque as the 'final payment' until you know how much the claim is worth is never a good idea. Also, never sign any releases to your insurance company until you've gotten legal counsel or confirmed that the insurance company's initial estimated claim settlement figure is accurate.
Due to the obvious lengthy procedures involved in filing and settling claims, insurance companies usually get very few requests for third-party reimbursement. The whole process takes longer, which may make the settlement seem intimidating. If you do decide to file a claim, be sure to follow the steps indicated above to make the most of it. Because submitting a third-party two-wheeler insurance claim is time-consuming, insurance companies may take longer than normal to handle the claim. In such cases, be cool and follow the procedures indicated above to avoid any problems throughout the claim settlement process. Because acquiring third-party bike insurance is a time-consuming and lengthy procedure, reading and implementing the above recommendations may lessen the odds of it being denied.
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.