- About Coverfox
We all know how much you love your bike, which is why it becomes necessary to get the right insurance policy. It’s like the icing on the cake, only a very delicious one.
Although the claims process can be slightly tricky at time, knowing your policy can help you a long way. It’s always best to have some pre-acquired knowledge. That way – you can have your cake, and eat it too!
Nervous about making a two wheeler insurance claim? Following these simple steps will ensure a faster, speedier and easier process:
1. Contact your two wheeler insurance company
Get in touch with your insurance company at your earliest to register the claim. Not doing so can lead to complications in the claim process!
2. Lodge an FIR
If your two wheeler has been stolen or been in a major accident, you should file an FIR at the nearest police station. it speeds up your claim approval and is a mandatory document for initiating the claim settlement process!
3. Damage evaluation
In the case of an accident or accidental damage, you should also have the damage evaluated immediately by a professional at a garage, preferably an authorized garage of your insurance company. This will make you eligible for cashless benefits at the garage.
4. Settling claim via Reimbursement
Pay the service centre to initiate the claim process. Fill the relevant forms and submit the required set of documents to ensure a quick, hassle-free and streamlined claim settlement!
A comprehensive cover not only financially secures the third party against accidental damage, injury and death caused by the insured two wheeler, it also extends the same benefits to the insured bike as well. The following are the necessary documents that you need to submit for a fast and easy claims process:
A considerable number of claims, including two wheeler insurance claims, are often not settled or delayed because of the lack of an organized claims settlement process. Sometimes, claims are held up in documentation resulting in delays and even rejection. Coverfox is well equipped with a dedicated claim team, which comprises of professionals who are skilled to guide you with a quick and hassle-free claim settlement process.
Is it important that I inform my insurance company before I get my two wheeler repaired?
ALWAYS, especially to ensure transparency about the replaced parts and repair charges. Plus, it significantly fastens the claims process! It is not just necessary to inform your insurer, but get in touch with them as soon as possible after an accident occurs.
For second-hand two wheelers, do I need to transfer the existing policy to my name?
Yes, you need to have your name mentioned in the policy copy to avoid rejection of the two wheeler insurance policy as well as any claims raised.
Why should I opt for a comprehensive two wheeler insurance policy?
Buying a comprehensive policy for two wheelers covers your bike against loss, theft, and total damage, as opposed to extending the same benefits to a third party as applicable for Third Party Liability plans. Isn’t that reason enough?
If I have fitted new accessories to my bike, how and when can I get them insured?
They can be insured during the term of the current policy itself. You just need to send a written request to our Customer Care, and we’d take care of the rest!
How to claim two wheeler insurance?
There are two types of claims in two wheeler insurance:
Cashless claim settlement: You can get your two wheeler repaired from any of the cashless garages as listed by the two wheeler insurance provider. In this process, you don’t have to pay anything except for the deductible agreed by you.
Reimbursement claim: In this process, you inform about the accident to the insurance company. Get your two wheeler repair approved, pay the expenses from your pocket and then raise a claim. On submitting the repair bill, the insurance company will do the verification and compensate the claim amount minus the deductible.
Step by step process for filing a claim:
Contact your two wheeler insurance company.
Lodge an FIR (First Information Report) with the Police.
Get your damage evaluated and approved by an authorized representative/surveyor.
Get your two wheeler repaired at an authorized garage of your insurance company for availing cashless claims, or raise a claim to get reimbursement.
How to claim bike insurance?
Whether it is the case of third party liability, theft or of own damage, inform the insurance company as soon as possible after the incident happens. You should intimate the insurance company by reaching out to them on their Toll-free number, which is available on their website. In case of own damage, you need to take an appointment with the surveyor, and submit the required documents to the surveyor. Thereon, on acceptance of your claim, you can get your bike repaired at their authorized garage to opt for a cashless facility. Alternatively, you can get it repaired from any garage and produce the repair bills to get the reimbursement.
How to claim insurance for bike theft?
In case of bike theft, immediately contact your insurer on their toll-free number, and intimate about the bike theft. Once you have intimated the company about the loss, lodge the claim with a duly signed claim form. You need to give your bike original keys with a copy of your driving license, RC book, and policy document. Insurance companies also ask for Police FIR copy along with the “No Trace Report” of the insured bike from the Police.
How to claim insurance for a bike?
You may have to claim insurance for a bike under different scenarios. For each case, the procedure is shared below.
a) In case of own damage because of bike accident Intimate the insurance company immediately on their toll-free number. Be ready with the following details handy when intimating the insurance company:
Follow the below steps:
b) In case of bike theft
c) In case of Third Party bike claim Read the following steps to be followed:
Note: Whether claim is against own damage or third party, do not leave your bike unattended or ride it away from the incident location. Hope the above step by step procedure helps you in filing the claim as per the case.
How to claim insurance for a bike accident?
Bike accident can cause bodily injury, disability, or even death. Accident also causes damage to the bike, and/or any third party property.
Depending on the loss one may suffer, there are different categories for which the procedure to lodge a claim is different. Let’s know how it differs.
In case of bike accident, you may lodge claims for own damage: Claim in case of own damage under bike insurance: Intimate the insurance company immediately on their toll-free number.
Keep the following details handy at the time of intimation:
Follow the below steps:
Third party claims due to bike accident Possibility of third party claim because of the bike accident has a different procedure to lodge claim. Read the following steps to be followed: