Rejection of an insurance claim can be upsetting since a lot of money could be at stake. In the event of 3rd party bike insurance claims, observing the terms of the insurance policy becomes the most critical aspect in accelerating the payout process. After an accident, filing a claim with your bike insurance coverage should be your top priority. Additionally, you must take care to submit the claim accurately. Here are the most typical errors to stay away from when making 3rd party bike insurance claims for just reimbursement.
Don't Flee the Scene of the Accident
Accidents can be terrifying, mainly if a third party is involved. It's crucial to maintain composure and refrain from removing yourself or your bike from the accident scene. Check if medical attention is necessary, then make the necessary arrangements.
Don’t Forget to File an FIR
The FIR must be filed at the neighbourhood police station, which is one of the most critical steps in successful compensation. In the event of third-party losses like injury or death, it is much more crucial. FIR is an essential piece of documentation since it contains the accident description and is used by insurers to process 3rd party bike insurance claims.
Don’t Delay Raising Your Claim
Make sure to notify your insurer as soon as possible after the accident. Additionally, you must let your insurer know before you send the bike for repair. There may be instances in which the policyholder is hurt or is in shock. A slight delay in alerting the insurer is permissible, but a significant delay may result in the rejection of your 3rd party bike insurance claim.
Capture Evidence If It’s Possible
It is advised that you document the damaged car with photographs. The 3rd party bike insurance claim will not be rejected for lack of images, but doing so will hasten the settlement of the claim.
Don’t Drive Your Insured Vehicle Without a Driving Licence
Unavoidable collisions can seriously damage the bike and likely result in significant costs for the third party. In these situations, the car's driver is questioned. Consequently, the motorist should have had a current driver's licence at the time of the accident. Furthermore, the driver shouldn't be using any intoxicating substances.
Don’t Forget to Note the Details of the Third Party
Note all of the third party's information to ensure a successful claim settlement. For example, note the licence plate number, insurance information, and possibly the contact information for the third party. In addition, you must provide substantial proof to back up your assertion if you don't want it to be disproved.
Don’t Sign Any Papers Without Legal Counsel
Never consent to any documents issued by the insurance company of a third party before seeking legal counsel. Additionally, avoid accepting checks marked "Final Payment." Getting legal counsel is preferable before accepting such money. Claims for 3rd party bike insurance are tedious to process. However, there is a very slim probability that your claim will be denied if you adhere to all the necessary procedures.
The Bottom Line
Your ability to think clearly will be impeded by stress. Breathe deeply, then consider the next action you should take to defuse the situation. Finding fault in the accident and arguing about it won't make you feel less stressed. You must identify a fix for the issues. Consider your options carefully before acting. It will be simpler to settle claims if 3rd party bike insurance claims are made on time. A fast claim settlement will improve significantly by being honest about the incident. The process of filing 3rd party bike insurance claims could be time-consuming, but if you avoid the mistakes mentioned above, you can prevent it.