If You've Lost Your Two-Wheeler Insurance Policy Documents, Here's What You Should Do.

The information about the covered bike is contained in a bike insurance policy paper. It's also the primary document you'll need to file a claim in the event of a catastrophe, such as an accident or other natural disaster. As a result, if you don't have a bike insurance policy, you won't be able to submit a claim or get coverage benefits. In addition, under the Motor Vehicle Act of 1988, every bike owner operating on Indian roadways must have valid bike insurance coverage. If you are caught riding without one, you will be fined Rs. 2,000 by the traffic police or motor department authorities under the new Motor Vehicles (Amendment) Bill 2016. So, if you're riding a bike in India, make sure you carry one with you at all times.

What Should You Do If You've Misplaced Your Bike Insurance Policy?

If you have forgotten or lost your bike insurance policy documentation, you must take the following procedures as soon as possible:

• Make a police report with your local police station.
• Send your insurance company an authenticated copy of the FIR.
• Request a replica of your insurance policy.
• If necessary, place an ad in the local newspaper.
• To protect your bike insurance business, sign an indemnity bond.

How to Get a Second Bike Insurance Policy

To apply for duplicate insurance coverage, follow these simple steps:

Initiate an FIR

The initial step is to report the loss of papers by filing an FIR (First Information Report) at the local police station. You must report the incident to the appropriate police station in your region. Mention your policy number, the type of motorcycle insurance you have, and any add-ons or riders you have. After reporting, you must fill out an application to obtain a copy of the FIR from the police station. Obtain an attestation of the copy and send it to the insurer as proof that the insurance policy has been lost. When sending documentation to the insurance, including the FIR application and a copy of the FIR.

Send in your Application

Submit a formal request to your insurer, stating that you want a duplicate copy of your two-wheeler insurance policy and stating why. Mention the policy's specifics, such as the policy number, kind, and date of issue. If you have shared insurance coverage, sign and submit the FIR copy with the other policyholder. You will be needed to produce a copy of the FIR.

Place an Ad in the Newspaper

If you lose your bike insurance policy papers, you will be required by law to place an ad in a major local newspaper stating that you have misplaced your policy papers. When publishing the advertising, make sure you have the following information:

• The policyholder's name
• The insurance company's name
• Number of the policy
• The two-registration wheeler's number

The cost of publishing the advertising will be your responsibility. Following the publication of the advertising, you must provide a copy of the advertisement to the insurer.

Take Away

A bike insurance coverage covers not only the damages but also the legal responsibilities. It provides you with financial stability and prevents you from being punished for failing to follow the law. As a result, it's best to avoid losing your bike insurance coverage in the first place. If it has been lost, however, doing the procedures outlined above as soon as possible will be beneficial.

Also read - Anti-Lock Braking System And Other Important Factors For Two-Wheeled Vehicles

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.