Steps to file a claim for a third-party bike insurance

In India, the Motors Vehicle Act decides the rules and regulations surrounding vehicles and driving. The Motors Vehicle Act outlines that every vehicle owner must have at least third-party insurance, be it a car or a bike. If you are caught riding your bike without bike insurance, you can attract fines, and in case of repeated offence, not only the amount of penalty increase but you may also be imprisoned or both. 

In this blog, we will discuss all the necessary details about third-party insurance for two wheelers. 

What is third-party bike insurance?

As the name suggests, third-party insurance for two wheelers is an insurance plan that keeps you protected against third-party liabilities. Here, you are the first party, and the insurance provider is the second party. In case there is an accident, and it causes loss or damage to a property, or if the accident causes injury, disability or even death of a person, then the concerned person who incurred loss is the third party.

It is obvious that if your bike has caused loss or damage to a third party, then you would be liable for the losses. Third-party insurance for two wheelers does not guard you against any injury caused to you, because of the accident. Neither it covers the damage incurred to your bike as well.

However, it keeps you protected from the financial liabilities that may arise because of a third-party loss. It further covers you against legal expenses that you may have to bear, in case of the death of a third party or any major loss, resulting in legal action. 

What are things covered under a third-party bike insurance claim?

Third-party insurance for two wheelers covers the following –

    • Death and injury of a third party: Medical costs are covered by the insurance policy if any damage caused by a third party results in hospitalisation or medical bills as a result of an accident involving the insured person’s bike. When a third-party person passes away, a third-party plan also offers a payout sum as compensation.
  • Property loss or damage of a third party: A third-party bike insurance coverage offers the third party compensation of up to Rs. 1 lakh if any loss or damage is suffered to the property of the third party.

Process of filing a claim for third-party insurance for two-wheeler –

While the exact process of raising a claim for third party bike insurance may vary from insurer to insurer, there are some steps which usually are common to every insurance provider. 

Follow the steps given below to file a third-party bike insurance claim – 

Step 1: Capture photographs of accidents and note down details of the accidents.

Step 2: Note down all details of damaged vehicles

Step 3: If there is any eyewitness, take their contact details.

Step 4: Provide the information to the insurance company and act according to guidelines.

Step 5: Afterwards, file an FIR in a police station that comes under the jurisdiction of the incident place.

Step 6: Next, file a case with the help of the Motor Accident Tribunal Court. They give all the necessary documents and provide details of the accidents.

Step 7: Attend the court hearing and provide all the detail about the accident. Also, submit the required documents.

Step 8: When the court declares its judgement, provide information about the court order to the insurer. According to the order, the compensation for the third-party loss will be given by the insurer.

Documents required to make claim third- party bike insurance  

To file a claim against third party insurance for two wheelers, you will require the following documents –

  • Driving licence.
  • Insurance policy documents.
  • Registration certificate of the two-wheeler.
  • Pollution under control certificate.
  • FIR ( First Investigations Report)
  • Original receipt.
  • Duly signed satisfaction voucher.
  • Copy of PAN card ( if the claim is more than Rs 1 lakh).
  • Duly filled and signed claim form. 

Mistake to avoid while claiming third-party bike insurance

  • You, as a policyholder, should never run away from the accident spot. Try to keep all vehicles in collision in place until the inspector surveys the vehicles. Also, arrange medical assistance for the treatment of injury when anyone faces injury. 
  • When an accident happens immediately, do not forget to file an FIR at the police station; otherwise, your claim gets rejected. Also, when you try to get a claim without police involvement, the accident ends up as an illegal accident.
  • When you have committed an accident, take responsibility for it. In addition, don’t get stressed, angry, and frustrated at the same time. When talking with police and insurance companies, be calm.
  • You should avoid driving after consuming alcohol and other types of intoxicant drinks. 
  • When filing a bike insurance claim, ensure you make no mistakes while filling in all the details in the claim application form.
  • When you are raising the claim, then apply within the stipulated periods. Do not delay initiating the process, for it may lead to the rejection of the claim. 
  • You must only sign any document to the insurer once your lawyer has advised it. Do not rush into signing any document without reading it properly. If you do not understand any term, cross-check it with your lawyer or insurance provider.

Third party Insurance for two wheelers is a must not only for legal compliance but also to guard yourself against the financial and mental stress that can happen because of third-party liability. Third-party liability can arise in the form of bodily injury to the third party, loss of life, or damage to their property. Stay covered against all these risks with robust bike insurance in place. 

Disclaimer- This article information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.