Two-wheelers, including motorcycles and scooters, are covered by two-wheeler insurance, which protects them from losses and damages brought on by accidents, theft, and natural disasters. In India, having a two-wheeler insurance policy is required by law. The idea of renewable two-wheeler insurance and the procedure for filing a claim will be covered in this article.
Two-Wheeler Insurance Renewal
The usual duration of a two-wheeler insurance policy is one year. The policyholder can, however, pay the price to extend the coverage for an additional year after it expires. Renewal of two-wheeler insurance is an easy process that may be completed online. To prevent coverage gaps, it is crucial to renew the policy before it expires. The owner of the policy must have the bike inspected before renewing it if the policy expires.
Renewable Two Wheeler Insurance
The typical length of a two-wheeler insurance policy is one year. The policyholder can, however, pay the price to extend the coverage for an additional year after it expires. Renewal of two-wheeler insurance is an easy process that may be completed online. To prevent coverage gaps, it is crucial to renew the policy before it expires. The owner of the policy must have the bike inspected before renewing it if the policy expires.
Declare a Claim
The policyholder may submit a claim under their two-wheeler insurance policy in the event of any loss or damage to the insured two-wheeler. The claim can be either a reimbursement claim or a cashless claim.
With a cashless claim, the policyholder can have their bike fixed for free at one of the network’s garages. The insurer pays the garage immediately for the cost of the repairs.
In a reimbursement claim, the policyholder can take their bike to any shop to be fixed, then submit a claim to the insurer for repayment of the repair costs.
Making a claim entails telling the insurance about the accident, providing the necessary paperwork, and having the car inspected. Depending on the extent of the damage, the claim settlement procedure often takes a few days to a week.
Two Wheeler Insurance Renewal Online Process
To renew your insurance on bikes online, follow the steps below:
Step 1 Visit InsuranceDekho.com Then, click on the Bike tab.
Step 2 Enter the registration number of your bike. After that, click ‘Proceed’. Select the bike’s model and fuel type, and then continue.
Step 3 Provide the expiry date for your previous insurance company, as well as the name of your two-wheeler insurance company. After that, you’ll be asked to disclose if you’ve filed a claim within the last policy period or not. After that, click on ‘Continue’.
Step 4 Input your mobile number and name as well as the policy’s term. Click on the ‘Submit & Get Quotes’ button.
Step 5 You’ll be able to be able to see a variety of suitable quotes in your display. From these quotes, you can evaluate and select the most suitable one depending on your needs. You can also add additional features to your policy, by paying an additional cost and getting better coverage.
Step 6 Click the “Buy Now” button. Review your personal information and then pay the premium online. The insurance document is to your account Email ID.
File A Two Wheeler Insurance Claim Online
The insurance claim for two-wheelers is settled in two ways:
The way that is cashless or a reimbursement method. If you bring your bike or scooter to a garage in the network of your insurance company to repair the claim will be resolved in a cashless way.
If, however, you bring your vehicle to a non-network garage, the claim will be settled in the form of a reimbursement claim. The following are the steps you are able to follow to submit an insurance claim on your bike.
- Step 1. Inform your insurance company regarding the incident or accident.
- Step 2. Find your claim intimation information from your insurer.
- Step 3. A surveyor is appointed as a surveyor and will be sent out to the location to assess the damage.
- Step 4. Your insurance provider may arrange towing services for your bicycle should you require them.
- Step 5. Make sure your bike is repaired or repaired at an internet-connected garage or an alternative garage.
- Step 6. Your insurance company will settle your claim based on the garage that repairs bikes.
Documents required to file an Insurance Claim for Bike Accidents
The following documents are required to submit a bike insurance claim:
- FIR/police copy of the complaint
- Insurance policy for bikes
- Copy of the license
- A duplicate of the registration certificate
- Original bills (in the case of reimbursement claim)
An important financial product that protects two-wheelers from losses and damages is two-wheeler insurance. To prevent any coverage gaps, it’s crucial to renew the policy on time. The policyholder may submit a cashless or reimbursement claim under their two-wheeler insurance coverage in the event of any damage or loss. It’s essential to comprehend the renewal and claims processes to guarantee a hassle-free experience in the event of any unlucky accidents.