Riding a two-wheeler on Indian roads can be quite thrilling but also comes with its set of risks. Accidents are commonplace, and they can cause severe financial and emotional damage. This is where two-wheeler insurance comes into play. It provides financial assistance to the policyholder in case of accidents, theft, or damage to the insured vehicle. However, when it comes to filing a two-wheeler third-party insurance claim, many policyholders often make common mistakes that can result in claim rejection or delay. In this article, we will discuss the common mistakes while filing a two-wheeler third-party insurance claim and how to avoid them.
Common Mistakes While Filing Two Wheeler Third Party Insurance Claim
Here are some common mistakes that policyholders often make
while filing a two-wheeler third-party insurance claim.
Not Informing the Insurer Immediately
One of the most common mistakes that policyholders make is
not informing the insurer immediately after the accident. As per the policy terms
and conditions, the policyholder must inform the insurer within 24 hours of the
accident. Failure to do so can lead to claim rejection or delay.
Not Filing an FIR
Another mistake that policyholders often make is not filing
an FIR (First Information Report) with the police. As per the Indian Motor
Vehicles Act, filing an FIR is mandatory in case of accidents involving
third-party injuries, death, or damage to property. Not filing an FIR can lead
to claim rejection or delay.
Providing Inaccurate Information
Providing inaccurate information while filing a claim can
lead to claim rejection. It is crucial to provide correct and accurate
information, including details of the accident, third-party injuries, and
vehicle damage.
Not Providing Sufficient Evidence
Not providing sufficient evidence to support the claim can
lead to claim rejection or delay. Policyholders must provide all necessary
documents, including the FIR, vehicle registration certificate, policy
document, and a copy of the driving license.
Not Coordinating with the Insurer
Not coordinating with the insurer can lead to claim
rejection or delay. It is crucial to inform the insurer about the accident,
provide all necessary documents, and follow up on the claim status regularly.
Not Checking Policy Terms and Conditions
Not checking the policy terms and conditions before filing a
claim can lead to claim rejection. It is essential to read and understand the
policy terms and conditions and file the claim accordingly.
How to Avoid Common Mistakes While Filing Two Wheeler Third Party Insurance Claim
Here are some tips to avoid common mistakes while filing a
two-wheeler third party insurance claim.
Inform the Insurer Immediately
Inform the insurer immediately after the accident and
provide all necessary details, including the location and time of the accident,
third-party injuries, and vehicle damage.
File an FIR
File an FIR with the police in case of accidents involving
third-party injuries, death, or damage to property. This is mandatory as per
the Indian Motor Vehicles Act.
Provide Accurate Information
Provide accurate information while filing the claim,
including details of the accident, third-party injuries, and vehicle damage.
Provide Sufficient Evidence
Provide all necessary documents, including the FIR, vehicle
registration certificate, policy document, and a copy of the driving license,
to support the claim.
Coordinate with the Insurer
Coordinate with the insurer throughout the claim process,
provide all necessary documents, and follow up on the claim status regularly.
Check Policy Terms and Conditions
Read and understand the policy terms and conditions before
filing the claim, and file the claim accordingly.
FAQs
Q. What is two-wheeler third-party insurance?
Two-wheeler third-party insurance is a type of insurance
that provides financial assistance to the policyholder in case of damage,
theft, or loss of the insured vehicle, which results in third-party
liabilities.
Q. How long does it take to settle a two-wheeler third-party insurance claim?
The duration of settling a two-wheeler third-party insurance
claim depends on several factors, including the complexity of the claim, the
availability of supporting documents, and the insurer's internal procedures.
Generally, it can take between 7 to 15 days to settle a claim.
Q. Can the insurer reject a two-wheeler third-party insurance claim?
Yes, the insurer can reject a two-wheeler third-party insurance claim if the policyholder fails to meet the policy's terms and conditions
or provides inaccurate information.
Q. How much compensation can a policyholder receive under a two-wheeler third-party insurance claim?
The compensation amount under a two-wheeler third-party insurance claim depends on the policy's terms and conditions, the nature of the
accident, and the extent of the damage. Generally, policyholders can receive
compensation up to the policy's maximum limit.
Q. Can a policyholder claim compensation for injuries sustained during an accident under a two-wheeler third-party insurance claim?
No, policyholders cannot claim compensation for injuries
sustained during an accident under a two-wheeler third-party insurance claim.
However, they can claim compensation for third-party injuries or damages.
Q. Can a policyholder claim compensation for damage caused due to natural calamities under a two-wheeler third-party insurance claim?
No, policyholders cannot claim compensation for damage
caused due to natural calamities under a two-wheeler third-party insurance
claim. However, they can claim compensation for damage caused due to accidents,
theft, or loss of the insured vehicle.
Conclusion
Filing a two-wheeler third-party insurance claim can be a
daunting task, but by avoiding common mistakes and following the tips mentioned
above, policyholders can ensure a smooth and hassle-free claim settlement
process. It is crucial to inform the insurer immediately after the accident,
file an FIR, provide accurate information and sufficient evidence, coordinate
with the insurer and check the policy terms and conditions before filing the
claim.
0 Comments:
Post a Comment