Driving a two-wheeler is not a child’s play. There are various risky factors that are involved while riding a two-wheeler. An unfortunate event is enough to turn the tables of a good drive. Applying to the general insurance company to get the two-wheeler insurance beforehand can help you support the financial losses at such unfortunate times.
What is two-wheeler insurance?
A bike insurance policy covers the financial losses that are occurred in the form of damages to your bike or scooter due to any unforeseen event. It also covers against the injuries that are sustained while getting involved in an accident. The financial losses that are incurred due the damages that are done to third party are also covered in two-wheeler insurance. The Motor Vehicle Act, 1988, makes it compulsory to own at least a third party bike insurance. All that is to be done in two-wheeler insurance is to pay the premium and ensure the safety of your two-wheeler.
Dos and Don’ts to be known before filing your two-wheeler insurance
All the premiums you have paid for your bike insurance is you’re hard earned money and so it is very important to make use of it very cautiously when needed. There are various dos and don’ts that have to be kept in mind before filling for your two-wheeler insurance claim.
1. File an FIR
FIR is the first information report that is to be prepared by police when information of a cognizable offence is received. A Fir is a mandatory step to be followed in the claiming procedure in case of an accident including major accidents or third- party. It can be avoided in case of minor accidents but otherwise it is compulsory if any bodily injury or death has been occurred due to the accident. Even if the two-wheeler is stolen, FIR has been filed.
2. Let the insurer know
The insurer should be immediately informed about the accident as this helps in claiming the insurance faster. The accident should be reported within the time of 7 days to the insurer, failing to it could lead to claim rejection. Some policy providers have a time of 24 hours to 48 hours limit from the time of the accident set for making the claim.
3. Make sure of the documents
The insurer needs documents like motor vehicle form, driving license of the person who was driving, Registration Certificate, etc. to begin with the claiming procedure.
4. The accident scene
It is always useful to keep the evidence handy. The scenes of the event captured helps making the claiming process faster and easier.
1. Do not move away
When the accident has occurred it is advisable not to run away from the accident scene, do not even move the vehicle away from the accident spot and no repairs should be done on the spot.
2. Never hide facts
Hiding the true facts can lead to rejection of the claim so always stick with the truth.
3. Don’t settle with third party
Settling the matter with the third party without informing the police makes it illegal.
4. Never hurry in signing the final settlement papers
Always read the final settlement paper thoroughly before signing.