Rejection of an insurance claim is not only frustrating but can also cost a lot of money due to hefty out-of-pocket expenses. This is why understanding the policy terms becomes important when you buy two-wheeler insurance. It helps you navigate the reimbursement procedure, particularly in third-party bike insurance claims.
In this blog, we will discuss the most typical mistakes to avoid when filing a third-party bike insurance claim for proper compensation.
Things to Avoid When Filing Claim for Third-Party Bike Insurance
1. Leaving the Accident Scene
In case of an accident, it is essential to stay at the scene. Note that running away can lead to legal implications and complicate the bike insurance claim process.
Also, make sure that anyone in need of medical care gets it right away. Further, avoid moving your bike unless necessary to prevent further hazards.
By staying at the scene, you show responsibility, which helps in both the settlement of your third-party bike insurance claim and the investigation of the incident.
2. Not Filing FIR
One of the most important parts of successful compensation is filing an FIR with the local police station. It is especially critical in the event of third-party losses, such as injury or death.
Understanding the role of an FIR is essential, as it serves as a key piece of evidence for insurers to process claims. The FIR contains the description of the accident which allows the insurers to determine the settlement process.
3. Not Gathering Enough Evidence
Gathering solid evidence is necessary to support your 3rd party bike insurance claim. Proper evidence ensures a smooth claim process and helps in case of disputes. Follow these crucial steps:
- Accident photos
- Vehicle details
- Witness statements
- Police report
- Medical reports
- Repair estimates
- Location details
Having clear and accurate evidence, apart from expediting your claim, increases its credibility to make the process come to a fair and swift resolution in compensation.
4. Not Informing Your Insurer On Time
Notification of your insurance company should be made immediately so that your process for making the claim will go without any problem or denial. Any failure to do so can complicate your claim settlement. This is how to claim third-party insurance for a bike quickly.
- Contact insurer
- Give detailed information of accident
- Provide location and time of incidence
- Share photos and videos of damages
This will ensure that all steps in the process are followed exactly according to the timelines so that you do not delay in regard to your third-party claim.
5. Going into Panic Mode
You must stay calm when there is a lot of stress around you. Panic will not make you think properly and cloud your judgement. During such events, make sure to stay calm and think about the next steps to handle the situation.
Avoid arguing or putting the blame, because this will only add to the level of stress. You need to think of a solution, not the way out of an argument. This will make you tackle the situation correctly and get along with the process of claiming your two-wheeler insurance.
6. Not Collecting Details of the Third Party
When involved in an accident, you should collect detailed information from the third party. This information includes their name, contact information, the vehicle registration number, and details of insurance.
These details will help ease the process for making claims, thus ensuring an easy resolution. Remember, your two-wheeler insurance claim may request you to give this information so that they can verify and process it.
7. Ignoring Policy Coverage
Understanding your two-wheeler insurance policy is quite important to avoid confusion during a claim process. So, carefully review the terms, including coverage limits, exclusions, and conditions.
This ensures that you know what is covered—third-party liabilities, for example—and what is not, like damage to your bike or injuries.
8. Not Following Up with Your Insurer
The process of ensuring a smooth claim is followed only if you are following up with your insurer properly. Regular follow-up helps to avoid unnecessary delay and keeps you informed about the progress of your two-wheeler insurance claim.
Conclusion
You can avoid all the common mistakes in making third-party bike insurance claims by staying updated, ensuring documentation is accurate, and following the right procedures. By following the tips and suggestions discussed in this blog, you will be able to navigate your claims settlement phase smoothly.