Cashless Claims And Two Wheeler Insurance

By Author: Pranav V Sharma
Total Articles: 141
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As per the Indian Motor Act, two wheeler insurance is mandatory in India by law, as with all other vehicles. In India, motorbikes and scooters are preferred modes of transport since they are convenient to get around, often managing to stay ahead of traffic jams around the city. With the increasing incidence of accidents, it is important to make sure you posses a valid two wheeler insurance policy at all times. In addition to coverage, insurance companies also offer cashless claims facilities, where you can have your vehicle repaired at a garage listed on the insurance company’s network without paying for the expenses upfront.

There are two types of insurance plans available, namely third party two wheeler insurance and comprehensive two wheeler insurance. Those with a comprehensive two wheeler insurance policy are able to enjoy the benefits of cashless claims. Third party insurance covers only the other person or third party involved in an accident against loss or damage caused by that accident. It also covers the third party’s medical and legal expenses. Comprehensive two wheeler insurance on the other hand provides ...
... cover to you and your vehicle. Your vehicle is protected from loss or damages due to accident, theft, and natural disasters, while you are covered for medical and legal expenses resulting from an accident. There may be times when you won’t be able to avail of the cashless repair facility. In the event of a garage in the two wheeler insurance provider’s network being unavailable in your area, you can have repairs undertaken at a different garage and claim reimbursement from the insurance company for the same later on.

To make a two wheeler insurance cashless claim, you need to note the registration number of the third party involved in the accident, if any. Also note down the names and address of witnesses, if any. Make sure you inform the insurance company of the accident and seek help from the customer care representative on the garage to be contacted. Also, file an FIR at the nearest police station and obtain a copy of the report. Once your claim is registered the insurance company representative will contact you and ask you to submit the documents required to process the claim. The insurance company’s representative will get an estimate for the cost of repairs and give his approval after the assessment.

Two wheeler insurance can be purchased online. It is advisable to shop for the maximum cover possible. Although the premiums for comprehensive two wheeler insurance are higher, the benefits far outweigh any cost disadvantage. You can ask for free quotes and compare the rates, extent of cover, and additional benefits of several two wheeler insurance providers prior to making a choice. Two wheeler insurance provides you with many benefits, which is why you should not to delay purchasing and renewing your two wheeler insurance policy.

Author Profile:

Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right Two Wheeler Insurance & often shares his insights about the general insurance industry on internet.