Owning a bike or scooter is a significant investment by the vehicle owner. To protect their investment, individuals prefer to purchase a scooter or bike insurance policy and compare bike insurance online to choose the best option.
The insurance for two-wheelers provides a safety blanket to policyholder’s vehicles against various accidental damages.
In exchange for the two-wheeler insurance policy, individuals need to pay a premium to the insurance company. Leading insurers like Tata AIG offer a bike insurance premium calculator on their website to help customers calculate premiums based on coverage.
However, people often get confused when it comes to filing a claim for scooty insurance and even bike insurance renewal. This blog will help in understanding how to claim insurance for scooty.
Why to File Insurance Claims for Scooty?
When the scooter or scooty is damaged in an accident, the policyholder can file a claim to reimburse the cost of repair. The policy coverage for scooters depends on the type of purchased policy.
However, to get the claim amount on time, individuals need to file a claim within a decided timeframe. If the policyholder fails to submit a claim request on time, it can lead to scooter insurance claim rejection.
Types of Scooty Insurance Claim
There are two types of insurance for 2-wheeler claims available:
- Reimbursement Claim: In the reimbursement claim process, policyholders need to notify the insurance company about the incident. Then, an insurance company will send the surveyor for inspection. After the assessment, a policyholder can take a vehicle for repair in any of the garages.
Once the repair is done, individuals need to submit the claim form and repair bills to the insurance provider. After that, the insurance company representative will assess all the documents and approve or reject the claim request. If the claim is accepted, the insurance company will reimburse for the repair cost as per the policy condition.
- Cashless claim: In the cashless claim process, policyholders need to notify the insurance company after the incident. The insurance company will send a surveyor to assess the damages and loss.
Once the inspection is done, the vehicle will be sent to any insurance company-tied-up network garages for repair. The policyholder doesn’t need to pay anything for the repair process. The insurance company directly settles the claim to network garages.
How to Claim Insurance for Scooty?
There are different kinds of claim scenarios for two-wheeler insurance claims. Let us understand each other in detail.
Third-Party Damages Claim Settlement Process
In case of third-party damages, the following steps need to be followed.
- Step 1: Inform the insurance company if an insured vehicle has been in an accident that has damaged third parties or property.
- Step 2: The insurance company will send the surveyor to assess the damages.
- Step 3: After the assessment, the insurance company will submit all the documents and claim forms to the Tribunal court.
- Step 4: The court will make a final decision about the compensation amount.
Documents Required For Third party Insurance for 2 Wheeler
- Self-attested claim form.
- Copy of first information report.
- Copy of vehicle documents such as registration certificate, driving licence, and more.
- All the insurance documents
Own-Damage Claim Settlement Process
To file for an own-damage claim, the following steps need to be followed.
- Step 1: The policyholder needs to notify the insurance company about the incident in the stipulated time.
- Step 2: The insurance company will investigate the incident and collect all necessary evidence to verify the facts.
- Step 3: After verifying everything, the company will either approve or reject the scooty insurance claim request.
- Step 4: If the claim is approved, the insurance provider will reimburse the amount. In case of a cashless claim, the company will settle the claim directly with the network garage.
Documents Required For Own Damage Claim
- Original scooty insurance policy document.
- Cop of FIR.
- Copy of driving licence.
- Copy of repair bills.
- Any additional documents needed by the insurance company.
Theft Claim Settlement Process
In the event when the scooty is stolen or lost, then the individual needs to follow these steps:
- Step 1: Inform the nearest police station about the incident and file a missing vehicle report.
- Step 2: After filing an FIR, inform the insurance company about the incident.
- Step 3: Submit the FIR copy and other relevant documents to the insurance provider.
- Step 4: If the vehicle is still missing then submit a non-traceable certificate to the insurance company.
- Step 5: After verifying the documents, the insurance company will accept or reject the claim request.
- Step 6: In case of a total loss, the insurance company pays up to the IDV (insured declared value) amount.
Documents Required For Theft Claim
- Duly filled claim form.
- Valid scooty insurance certificate.
- Copy of vehicle-related documents such as driving licence, RC, etc.
- Copy of FIR report.
- Signed copy of form 35 if the vehicle is purchased on loan amount.
- Copy of non-traceable certificate.
- Any additional documents asked by the insurance company.
Conclusion
If the policyholder does not submit a claim on time and if there is any discrepancy in submission, it can lead to scooty insurance claim rejection. To avoid rejection, it is crucial to follow the proper steps and submit all the needed documents on time.
