Mistakes To Avoid While Making A Third Party Insurance Policy Claim

According to the Indian Motor Tariff, every two-wheeler vehicle owner is required to have third-party bike insurance coverage when operating a motorcycle or scooter in India. A third-party two-wheeler insurance coverage covers injury, death, loss, or property damage to a third party as a result of an accident involving the insured vehicle. Although filing a claim for two-wheeler insurance appears to be a straightforward procedure, it is not. Because the procedure of filing a third-party insurance claim is complicated, many people make mistakes that result in a claim being denied. As a result, let's go through some frequent blunders to avoid while filing a third-party motorcycle insurance claim.

Making A Third-Party Insurance Policy Mistakes to Avoid

Two types of coverage are often combined together in a comprehensive two-wheeler insurance policy: own damages and third-party liabilities. Personal accident coverage is included in some comprehensive plans as part of the basic plan. The personal accident insurance and the own damages cover, as its names suggest, protect the policyholder from vehicle damage, personal injuries, and death. These are also optional coverings. Here are some common errors that you should be aware of in order to prevent them:

• Failure to Notify the Police

You should notify the local police department about an accident or disaster as soon as possible. People frequently attempt to resolve disputes with other parties involved without informing the police; this is never a good idea. It is important to remember that failing to report a traffic collision to the police is unlawful, therefore do so whenever possible. Furthermore, registering and receiving a claim for your insurance policy is much easier when you file an FIR against the other individual.

• Get Away from the Area

People react differently at the accident scene, but the majority of them escape for fear of being arrested or involved in more difficulty. Never flee the scene of an accident or attempt to transfer your two-wheeler or anybody else's vehicle from the scene. In fact, you should make every effort to assist anyone who requires medical assistance while you're there, and you should endeavor to make that happen.

• Panic and Anxiety

In such a case, try to remain cool in order to make the best judgments possible. Panic will only make the situation worse. As a result, keep your cool and talk to the other party at the accident scene. Instead of getting into a fight, try to find a solution to your problem. In circumstances, think carefully on the fly and make cautious and timely judgments.

• Don't Ignore the Formalities Following an Accident

After the formalities, people grow more relaxed. However, don't forget to complete the necessary post-accidental paperwork and make sure that the deadlines for completing the paperwork haven't gone. Gather all necessary documentation and file a third-party bike insurance claim as soon as possible.

• Accepting a Check as Payment as a Whole is not a Good Idea

Accept no check as 'final payment' unless you are certain of the claim's amount. Also, do not sign any releases to your insurance company until you have received proper legal counsel or discovered that the insurance company's first estimated claim settlement amount is the final one.

Take Away

Because of the complicated nature of submitting a third-party two-wheeler insurance claim, insurance firms may take longer than normal to resolve the claim. To avoid any problems throughout the claim settlement procedure, be cool and go over the aforementioned items. Because submitting a third-party bike insurance claim and receiving it is a time-consuming and lengthy procedure, you can lessen the possibilities of it being denied by reading and following the above advice.

Also read - Personal Accident Cover (PA) In Two Wheeler Insurance Policy

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.