Things To Do If Your Bike Insurance Policy Document Gets Lost

For all bike owners, it is important to hold an insurance policy since it is a compulsion in India. It is crucial as it gives financial security in situations of in case of an accident or a mishap. Two-wheeler insurance comes in the form of a policy document that comprises all details about the services provided to the insured vehicles by the insurance company. This document is important, hence, it should be kept carefully as it has to be produced while raising a claim. Without a policy document, you can not raise a claim with your insurance company. Let’s discuss the things that you should do on losing the bike insurance policy documents.

Steps to Get A Duplicate Insurance Policy Document

Below are some necessary steps that you should follow to file for a duplicate insurance policy document:

Step 1: Register an FIR

The first and foremost step to get a duplicate policy document is to lodge a First Information Report (FIR) at your nearest police station. You should list down the details of your bike insurance to mention in your report such as policy number, policy type, etc. After filing the complaint, get an FIR copy and submit it to your insurance company after getting it attested.

Step 2: Submit Application For Policy Copy

After reporting the document loss, apply for a duplicate copy of your document through a written application to your insurer. The application should comprise your request for a duplicate two-wheeler insurance policy copy and reason to do so. State all bike insurance policy details in the application such as your name, policy number, issuance date, type of policy and reason for loss of documents. You should also attach the FIR copy with your application to seek duplicate policy documents. 

Step 3: Publish An Advertisement

As per the law, the policyholders are required to publish an advertisement in their local newspapers to state about losing two-wheeler insurance documents. The advertisement should consist of information like the policyholder’s name, policy number, insurance company name and vehicle’s registration number. Once the advertisement gets published in the newspaper, after your advertisement gets published, you will have to submit its copy before your insurance company.

Step 4: Sign an Indemnity Bond

The last step is to sign an indemnity bond, which is to be done on a non-judicial stamp paper, to send to your insurance company. The bond should be comprised of a legal and formal request to get a copy of the policy document with which you can raise a claim in the future. The indemnity bond should be notarized in front of two witnesses having no relation with the policyholder. After this, you will have to send it to your insurance company who shall verify your bond and investigate the case. Once they are done, you will be provided with a duplicate copy of your bike insurance policy.

Conclusion

The two-wheeler insurance policy document is an essential paper that needs to be kept safely. However, it can get lost due to human error or due to any mishap, which can prevent you from availing of your bike insurance plan. Therefore, we have listed some steps in this article with which you can apply to get a copy of your policy copy. We hope that following the aforementioned steps will help you succeed in getting your two-wheeler insurance policy document back without any hassle.

Also Read:

How to Find the VIN, Chassis Number and Engine Number of Two Wheeler

Roadside Assistance Add On Cover In Two-wheeler Insurance Explained

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.