How To Claim Third Party Insurance For Two Wheeler?
Updated On Sep 29, 2023
How To Claim Third Party Insurance For Two Wheeler?
Table of Contents
- What Is a Third Party Two Wheeler Insurance?
- What All Is Covered Under a Third Party Two Wheeler Insurance Claim?
- 1. Cover for Third Party Bodily Injury and Death
- 2. Cover for Third Party Property Damage
- How to File Third Party Bike Insurance Claim?
- Documents Required to Make a Third Party Insurance Claim Process
- Take Away
Third party insurance claim process - When it comes to bike insurance, third party bike insurance is the most basic and mandatory cover that every bike or any two-wheeler must own to legally ride the vehicle on road in the country. At least a third party bike insurance plan is a mandatory requirement as per the Indian Motor Tariff owing to the plan’s high relevance and significant coverage.
What Is a Third Party Two Wheeler Insurance?
Third party bike insurance is a cover, which is designed to insure policyholders against third party liabilities i.e damages sustained by a third party due to an accident involving the bike of the insured person. Every bike rider must have this insurance cover as if caught without it, the rider shall be entitled to pay a fine of Rs. 2,000 and can even be jailed for up to 3 months.
What All Is Covered Under a Third Party Two Wheeler Insurance Claim?
A third party bike insurance plan brings different benefits and coverage for a policyholder. A claim for the following can be made under a third party bike insurance plan:
1. Cover for Third Party Bodily Injury and Death
If any damage incurred by a third party leads to medical expenses or hospitalisation due to an accident with the insured person’s bike, then medical costs are taken care off by the insurance policy. A third party plan also covers compensation amount in case of death of the third party person.
2. Cover for Third Party Property Damage
If any damage or loss is incurred to the property of a third party, a compensation amount of up to Rs. 1 lakh is offered to the third party under a third party bike insurance policy.
How to File Third Party Bike Insurance Claim?
The third party claim procedure is quite different from the own-damage claim process. Here are the simple steps that you can follow to make a third party bike insurance claim:
- Click the clear pictures of the damages incurred after the accident.
- Note down all the relevant details of the damaged vehicle or vehicles.
- If any eye-witness of the accident is there, note down his or her contact details.
- Inform your insurance company about the accident and act as per their guidance.
- Register a First Information Report (FIR) at a police station of that particular jurisdiction.
- File a case with the Motor Accident Claims Tribunal Court with the help of a lawyer.
- Attend the court proceedings, tell the actual happening and submit all the required documents and details.
- Share the court’s order with the insurer and receive the compensation for the expenses of the bodily injuries and property damages.
Documents Required to Make a Third Party Insurance Claim Process
It is quite easy to buy an affordable third party bike insurance plan and even more easy to make a claim under it. But, it is only possible when the policyholder acquires all the valid and relevant documents. Below is a list of the necessary documents that are required to make the claim request for a third party insurance:
- Driving license (DL)
- Insurance Policy Document
- Duly filled and signed claim form
- Registration Certificate (RC) of the two-wheeler
- Pollution Under Control (PUC) Certificate
- First Investigation Report (FIR) (in an event of accident)
- Original receipt/bills of bike or any two-wheeler repairs
- Duly signed Satisfaction Voucher (SV) or Discharge Voucher (DV)
- A copy of PAN Card (if the claim amount is more than Rs. 1 lakh)
Common Mistakes That Should Be Avoided While Making Claim
Here are some common mistakes which every policyholder should avoid while making a third party two-wheeler insurance claim:
- The policyholders should never run away from the spot of the accident and try to keep all the vehicles involved in the collision stand still till an inspector surveys them. You must also try to arrange medical assistance, in case if someone is injured.
- You should assure connecting with the police and get an FIR lodged soon after the accident. In case you fail to do so, then your insurance claim could be rejected. In addition to this, try not to get into the claim settlement process with a third-party without the involvement of the police, as it may end up in an illegal turn of incidents.
- Never be submissive and always accept your responsibility for the accident, if you have actually committed the same. In addition to this, do not take too much stress, angry, or aggressive at the time of incident, rather remain calm and composed to cooperate with police and your insurance company.
- You should always avoid riding your two-wheeler after drinking alcohol or consuming any sort of intoxicants. In addition to this, abstain from illegal driving and renting out your private two-wheeler vehicle for commercial purposes as such type of factors could work against you at the time of a claim.
- At the time of filing a third party two-wheeler insurance claim, do ensure that you have furnished every detail in accurate form. You must also try to raise the claim within the stipulated time limit as delays in the claim settlement process could be harmful for any and every policyholders due to the regulations of the insurance company.
- You should avoid signing any type of document to the insurance company until you have been advised by a legal adviser or a lawyer. However, you can accept the offer of your insurance provider if you believe that the estimates provided by them are accurate and based on the real events, details as well as parameters.
1. Can we claim third-party insurance for a bike?
Yes, third-party insurance claims for bikes follow a legal process. You need to file a claim in the local tribunal court, which will assess the documents and hear both sides before deciding on compensation.
2. How to claim third-party insurance in case of death?
To claim third-party insurance in the event of a fatal accident, follow these steps:
- Immediately file an FIR with the police after the accident and secure a copy.
- Obtain details of the third-party motor insurance owned by the car owner involved.
- Secure a copy of the charge sheet filed by the police against the car owner.
- Hire a motor claims lawyer to file a compensation claim in the Motor Accident Claims Tribunal. Note that these cases do not fall under civil court jurisdiction. File in the tribunal court of the accident location or your residence.
- In some cases, the car owner may propose an out-of-court settlement. While legal, it's advisable to involve authorities in accident cases.
The Third Party Bike Insurance Claim is requested to get the claim against the financial liabilities that a policyholder may incur towards a third party. It is a compulsory requirement for every bike owner in India. The complete information about it can safeguard the policyholders from the penalties as well as post-accidental expenses to quite an extent.
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.