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Common Mistakes While Filing Two Wheeler Third Party Insurance Claim
Common Mistakes While Filing Two Wheeler Third Party Insurance Claim
Check out this blog to know about the Common Mistakes While Filing Two Wheeler Third Party Insurance

The absence of a vehicle insurance policy makes it illegal for anyone to drive or ride their vehicle anywhere in the country. The Motor Vehicles Act of 1988 mandates this. You would need to have at least a third party liability policy to be legally able to drive or ride your vehicle.

Before we get to third party two wheeler insurance claim mistakes, it is essential to understand what third-party insurance is.

Third-Party Insurance

It is a no-nonsense minimalistic insurance policy that offers coverage against any injuries or damage to third parties. In simple words, if you meet with an accident and cause damage or injury to another vehicle, person, or property, the policy has your back. A third-party insurance claim protects you from any financial or legal implications of such incidents.

  1. It covers death or injury to an individual involved in an accident

  2. It covers damages to other vehicles or properties during an accident

Common Mistakes While Filing Claim

It is not uncommon for a third-party insurance claim denied by the insurance company. The following are some of the most common mistakes which you should avoid.

  1. Not Involving the Police

A lot of policyholders do not inform the police of an accident with the sheer fear of any legal complexities. If you are wondering how to claim third party insurance, the first step involves, informing the police about the accident and filing an FIR or an MCR (Motor Collision Report)

  1. Running Away

One of the most common third-party insurance claim mistakes is the insured running away from the accident spot. You must not leave the place and take as many pictures or videos to support your case of a car accident.

  1. Not Letting Your Insurance Company Know

If you want a successful third-party insurance claim settlement, you must inform your insurer at the earliest about the accident. Not informing your insurance company within 24 to 72 hours of the accident might result in the claim being rejected.

  1. Paying from Your Pockets

Quite a few policyholders tend to pay for damages from their pockets. They usually do it when the injury or damage is minor. However, these seemingly minor injuries or damages might become serious later. Also, such compensation without your insurer’s consent is illegal. Thereby increasing your chances of claim rejection.

  1. Do not Panic

Accidents can get very tricky and stressful, especially if they are in unfamiliar territory. Being calm will help you assess the situation better and diffuse any possible conflicts. Your primary goal should be to get out of the situation without causing any damage to yourself or anyone else.

How to Claim Third Party Insurance?

  1. File an FIR with the nearest police station

  2. Inform your insurance company about the accident

  3. Share your policy details with the insurance company to proceed with the claim

  4. Await claim settlement based on Motor Accidents Claims Tribunal (MACT) and let your insurer compensate.

This could be a time taking process, but if the court of law finds the third party guilty, your claim would surely be settled in your favour. However, the easier way is to opt for a comprehensive bike insurance plan, so that you can claim for your vehicle’s own damage if there is an accident!

Avoiding the above third party insurance claim mistakes will ensure an easier claim settlement process and a successful one as well.