1. Home
2. Blogs

What are the Documents Required for filing Third-Party Bike Insurance Claim Online?

• 
• 
• 
• 0
• 0

For all people driving a vehicle on Indian roads, it is mandatory to have third party insurance. A comprehensive insurance policy which has coverage for both own damage and third party liability is a much better and safer policy to have. However, as per the Motor Vehicles Act, all bike owners must have a third party bike insurance. There are penalties if a bike is found on the road without valid insurance.

Before we start talking about how to file a claim for third party insurance and the documents needed for it, it is important to understand some basics.

What is Third Party Bike Insurance?

While riding a two wheeler on Indian roads, it is mandatory by law for all bike owners to have third party bike insurance. This insurance takes care of any damage or loss caused to a third party in case of an accident. The disadvantage of this policy is that it does not cover any loss caused to the bike in case of an accident or theft. Thus, if there is an accident and there is damage or any injury to a third party, the third party bike insurance will cover that, but if there is any damage to the bike, there will be no coverage and the expenses to fix, and repair will have to be paid from their own pocket.

Comprehensive insurance for the bike is a better policy also because it allows the bike owner to take add-on covers depending on their need. Having said that, though, in comparison, comprehensive bike insurance has more benefits when compared to third party insurance, the premium of the former is higher, and thus, due to financial restrictions, many bike owners only opt for the latter.

How to File a Claim for a Third Party Insurance For Your Bike?

When it comes to third party insurance, the beneficiary is the person or party injured or has suffered a loss. If the bike owner is involved in an accident where they are the third party, then they can claim a third party insurance compensation from the other vehicle owner. In case of an injury or death, no limit is there on the liability, but there is a limit of Rs. 7.5 lakhs in case of any damage to property.

Before we talk about the steps to file a third party claim, let us know what is covered in third party insurance.

● Injury to the third party

● Death of the third party

● Property damage caused to a third party

● Legal liabilities.

Steps to File a Third-party Bike Insurance Claim:

If you need to file a claim for third party insurance, you need to follow the following steps:

1. The first step is important: to contact the nearest police station and file an FIR, i.e. the First Information Report. This document is very important as this has to be given to the insurance company, and this will have details of the accident and thus, not registering the FIR can have a big impact on the claim.

2. Next, you should inform the insurance company and register the claim at the earliest. Usually, you have a time of 48 hours after the incident, but it is recommended to file it at the earliest.

3. Always remember to take photographs of the damage or the injury that you have suffered. These are proof of the incident and help in settlement of the claim later.

4. You should have the details of the insurance of the bike that has caused the damage. Having the details of the bike owner and the witnesses is important and helps settle the claim.

5. All the relevant information, along with facts, should be presented to the insurance company. Any false information will lead to rejection of the claim and also can lead to cancellation of the insurance policy.

6. Also, a case is required to be settled in the Motor Accident Claims Tribunal (MACT) court. This court can be in the area of residence or also where the accident occurred. The only thing to remember is that only a Motor Accident Claims Tribunal Court can settle a third party claim, and no other civil court has the right to do this.

7. Keep a record of all the emails and conversations between you and the insurance company, which is helpful later and especially in settling the claim.

List of Documents Needed for Filing a Third Party Bike Insurance Claim:

There are a lot of documents that need to be submitted for filing a third party bike insurance claim.

The file you have should have the following documents:

a. Original Receipts

b. Copy of the FIR (First Information Report)

c. Photographs of the incident

d. Original bills

e. Copy of a valid insurance policy

f. A third party claim Form duly filled

g. Copy of the registration certificate of the vehicle.

h. Copy of your driving license.

Mistakes to Avoid When Filing a Claim for Third Party:

Buying insurance online and filing a claim online is simple as long as you have all the necessary documents. The claim can be expedited if everything is in order, but some mistakes must be avoided. If any of these are committed, the claim settlement can get delayed and can also be rejected. Let us list some mistakes which must be avoided at all costs.

● Try to do a personal settlement or do personal discussions with the third party

● Run away from the accident spot

● Do not file an FIR to avoid going to a police station

● Exaggerating or hiding facts from the insurance company or not keeping them informed

● Forget to take photographs which will be needed as evidence later

● Never take responsibility for the accident due to being scared and let the authorities decide

● Follow the claim process and submit documents that are asked for

Conclusion

A third party bike insurance claim can take a lot of time and is more complex than the claim of own damage in a comprehensive policy. Those who suffer a loss or injury and decide to raise a claim should be well aware of the process of filing the claim online or offline, depending on their comfort level. Following the process and submitting all relevant documents is important to settle the claim. It is important to keep the insurance company in a loop of all happenings and conversations, and also, once the claim is settled, check the settlement amount. It is possible that the estimate provided is inaccurate, and in such a case, you will need to get in touch with your lawyer, who will help you, or you can also seek the help of an authorised person.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

RELATED ARTICLES

Filing a third party bike insurance claim? Avoid these mistakes

What Is Covered Under Third Party Bike Insurance

Claim Settlement for Scooty: It is not as difficult as you think!

---

• 
• 
• 
•