Two wheeler insurance offers excellent financial cover to protect your vehicle from unexpected events such as a road accident / collision, damage, third party liability, etc. the denial from the company to settle the claim can be a big jolt. Therefore, it is important to be careful while buying program and you will also review the information policy held by you.
Here are five common reasons your claim may be rejected.
- If the vehicle repair on their own after accident: It is the most common mistake that many of you do. You tend to take your bike on your own and then inform the insurance company of the settlement. As a result of this, the company can not trace back the accident and repair and ultimately rejected your claim. To avoid such a situation, always notify the insurance company before getting the car repaired. The company professional will examine the damage from their end, assess the cost of damage and help you get the best deal for the repair of any damage caused to your bike.
- drunk driving: If a man is found drunk at the time of an accident, the insurance company has every right to reject the claim. Many times, people try to hide that they were drunk while riding a bike. This may work in some cases where the accident is minor and the driver can not see any police or hospital. But in other cases, hospitals reveal this information to the police and then you can not expect insurance coverage. Rather difficult criminal proceedings can be brought against you if you hide this.
- When you lose your name transfer policy model: People want to buy a used bike investors can face rejection requirement in the future if they forget to transfer his name in policy copy. In such cases where the import formalities have not been made, the policy is considered invalid and will not help you to settle the claim.
- Forget to report the claim within a specified period : Always notify the claim within 48 hours to 72 hours of injury. If you fail to do so, insurance companies can reject your claim. Also, if you damage your car in a crash and the engine gets damaged too, but you continue to run it, thus causing further damage to the car. The policy requirement will be rejected by the company.
- license: Driving license valid for longer. After this time, you need to renew it. It is important because if the vehicle meets an accident while and driver’s license is not valid, then the two wheeler insurance will be invalid and it may be the main reason behind the rejection of your claim too.
While buying two wheeler insurance is very smart steps that can save you from much missed and sudden expense, but they do not make you or your bike bulletproof. Be honest and safe, instead of being reckless and careless. Insurance companies will love you for it and help you the most.