When you purchase a policy for bike insurance online, you have a reasonable expectation that your insurer will accept your claim request and help you navigate the claims process without difficulty. And if you are involved in some severe accident that causes significant damage to your vehicle, you would anticipate receiving the sum necessary for repairs immediately.
There are various reasons why your insurance company may choose to deny your claim:
- Entrusting someone else with the operation of your vehicle
When you buy a policy for your motorcycle or scooter, you typically have the option of naming additional riders on the policy. If you give your bike to a nominee, the insurance provider has you covered, and they will pay out on any claim you make. However, if you give your vehicle to a person who is not one of these nominees and that person is involved in an accident, your claim will be denied.
- Intentional distortion of the truth
Suppose an auto accident causes damage to your vehicle. In that case, it is your responsibility to immediately inform your insurance company about the incident, providing them with specific information and explaining the nature and extent of the accident. If you do not do that or provide them with incomplete or incorrect information, they have the right to reject your claim.
- Not adhering to the established protocol
It is against the law to ride a bike while under the influence of alcohol or drugs, and insurance companies will not cover you if you do so. Similarly, driving without a current driver’s licence is another reason a claim might be denied. Your claim will be denied regardless of who was driving the vehicle, whether it was you or someone else. Avoid all these things, and then you can claim bike insurance too!
- It was discovered that the vehicle had faulty parts
Your claim may be denied if the insurance company determines that your vehicle was in poor condition when the accident occurred or that it had faulty parts. Therefore, performing routine maintenance on your vehicle at regular intervals is essential.
- Providing misleading information in support of expansive claims
The insurance company will safeguard your financial well-being using a motor insurance claim that will be presented to you. Some individuals take advantage of this by providing the insurer with erroneous information to obtain a higher level of coverage. If the insurance company discovers that you have provided them with false information, your claim may be denied, resulting in legal action being filed against you.
- Not reading the policy documents before bike insurance online
It is important to consider your insurance policy’s stipulations, both included and excluded in its coverage, before reading its governing documents. The majority of the time, individuals need a full understanding of the aspects of their comprehensive policy that do not cover them, and as a result, they end up making the mistake of filing a claim for the damage. Your claim will be denied if one of these situations occurs.
Keep in mind the information presented here because it will assist you in making legitimate claims in the event that your bike is ever involved in an accident, is stolen, or is damaged as a result of a natural or man-made disaster.
You can accomplish this task by using a two-wheeler insurance premium calculator to calculate the premium and then comparing the results to the quotes provided by a number of general insurance companies that are available online. Do not, under any circumstances, skip out on insuring your motorcycle because doing so violates the law and has the potential to save your life. ##
Instead, if you find yourself going through various bike insurance, check online.
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
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