Is it possible to claim bike insurance without an accident?

Bike insurance is a tool that safeguards you financially from what may happen to any person or property due to any unfortunate event. In India, there are two types of bike insurance policies. A third-party insurance policy is mandatory by law to purchase and provides limited coverage. Whereas, a comprehensive two-wheeler insurance policy can be customized to provide protection in cases other than accidents. 

Therefore, besides accidental cases, there are a variety of other scenarios in which an insurer promises to provide coverage. Read on to find out the situations in which you can claim your bike insurance along with some of the most common reasons for claim rejections. 

When Can You Claim for Bike Insurance?

Listed below are some of the scenarios in which you can claim your two-wheeler insurance policy. 

• Natural Calamities: 

Under a comprehensive bike insurance policy, an insurer provides protection against both natural and man-made calamities that can damage your two-wheeler. Therefore, any damage that happens to bikes due to earthquakes, floods, lightning, explosions, and more will be compensated by an insurance company. 

• Burglary and Theft: 

Considering the increased theft rate in India, insurance companies also provide protection for any kind of financial loss that happens to you. In this circumstance, an insurance company reimburses the IDV of the plan as the claim.

• Fire & Explosions:

If your two-wheeler catches fire or explodes, then the bike insurance companies will compensate you for all the financial loss that occurred to you. However, an insurer provides coverage only in the case of an accidental fire loss. 

• Man-made Disasters:

The disastrous situations that are created by humans themselves are known as man-made disasters. Therefore, any loss that happens to your vehicle because of terrorism, war, strikes, and riots is also covered under the bike insurance policy. 

What Are The Reasons For Claim Rejections? 

• If any loss occurs to your two-wheeler beyond the geographical boundaries mentioned in the policy document, the insurance company will not cover it. 
• The insurer is liable to pay for the loss of the bike. However, the company will not compensate the money for the loss or theft of the bike’s accessories. 
• An insurer may reject coverage on the grounds of negligence if the policyholder causes loss or damage to the vehicle. As a two-wheeler owner, your top priority is to take the necessary steps to protect it from any harm.
• If the insurance policy has expired and the policyholder hasn’t renewed, then they can not claim their insurance. 
• The insurance company will not pay any money if any damage has occurred to your bike if the policyholder was intoxicated while driving. 

Conclusion

To conclude, yes, it is possible to claim bike insurance without an accident. The above-mentioned are some of the cases in which you can claim your insurance policy. However, these may vary according to different insurance companies. So, whenever you buy a motor insurance policy, it is wise to read all the inclusions and exclusions mentioned in the policy document to avoid facing any claim rejections in the future. 

Also Read: 

Is Third-Party Insurance Enough For Bike?

What is 1st party, 2nd party, and 3rd party in bike insurance?