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The Most Common Mistakes Made When Filing A Third-Party Two-Wheeler Insurance Claim

Written by Saad Ahmad
Updated On Jan 02, 20242 min read
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The Most Common Mistakes Made When Filing A Third-Party Two-Wheeler Insurance Claim

Every two-wheeler vehicle owner must obtain third-party bike insurance coverage when driving a bike or scooter in India, according to the Indian Motor Tariff. Any third party who suffers injury, death, loss, or property damage as a consequence of an accident involving the insured vehicle is covered by third-party two-wheeler insurance. Although it may appear that making a claim for two-wheeler insurance is simple, it is not. Because the process of submitting a third-party insurance claim is so convoluted, many consumers make mistakes that lead to claim denial. As a result, let's take a look at some common mistakes to avoid when making a third-party bike insurance claim.

The Most Common Mistakes Made When Filing A Third-Party Two-Wheeler Insurance Claim

Errors in Third-Party Bike Insurance Claim Filing

Here are a few frequent blunders to be aware of in order to avoid them:

1. Failure to Notify the Authorities

You should notify the local police agency as soon as possible after an accident or tragedy. Individuals frequently attempt to resolve a situation with other parties without contacting the authorities. It's never a smart idea to do anything like this. It is important to remember that neglecting to report a traffic incident to the police is illegal, therefore always do so. Furthermore, filing an FIR against the other person makes it easier for you to apply and receive a claim under your insurance policy.

2. Attempt to Flee the Area

People respond differently at the scene of an accident, but the majority flee for fear of being apprehended or getting into greater trouble. Never try to leave or move your two-wheeler or anybody else's vehicle from the site of an accident. In fact, while you're there, you should make every attempt to aid anyone who requires medical care.

3. Panic and Anxiety

In such a situation, strive to maintain your composure so that you can make the best decisions possible. Panic will only worsen the problem. As a result, maintain your composure and communicate with the other party at the site of the collision. Rather than getting into a fight, attempt to come up with a solution to your problem. When confronted with a situation, think quickly and make prudent decisions.

4. 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 formalities and ensure that deadlines are not missed by which you must have completed the formalities. As quickly as possible, gather all essential and required evidence and file a third-party bike insurance claim.

5. Accepting a Check as Final Payment 

Accepting a check as the 'final payment' is never a smart idea until you know how much the claim is worth. Also, never sign any releases to your insurance company until you have sought legal advice or determined that the insurance company's original anticipated claim settlement amount is correct.

Take Away

Because of the extensive procedures involved in the claim filing and settlement, insurance firms typically get very few instances requesting third-party reimbursement. The entire procedure takes longer, which might make the settlement appear daunting. However, if you do decide to file a claim, make sure you follow the steps outlined above to get the most out of it. Due to the time-consuming process of filing a third-party two-wheeler insurance claim, insurance firms may take longer than usual to resolve the claim. In such situations, you should keep calm and follow the instructions outlined above to avoid any issues throughout the claim settlement process. Because filing and obtaining a third-party bike insurance claim is a time-consuming and lengthy process, reading and following the above advice might reduce the chances of it being refused.

Also read: What Every Biker Should Have in Their Riding Gear

What Is Covered by Bike Insurance and What Isn't

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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Written by Saad Ahmad
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 Saad is a marketing guru and has some exciting knowledge to share about the motor and related industry. Saad in his last work with a major Indian yet global conglomerate has made direct contributions to the Insurance sector. In his free time, Saad likes to play badminton and listen to melancholic music

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