Two-Wheeler Insurance Claims: Understanding Third-Party Coverage
5 Jun 2024
3 min read
In regard to two-wheeler insurance claims, third-party liability requires some comprehension for bike owners. In this tutorial, we will explore the matter of third-party coverage in detail and the role it plays in the context of bike insurance.
What is Third-Party Coverage?
Third Party Cover, also known as third party or liability insurance, is an bike insurance policy that offers coverage against any liability that you may have against any bodily harm or property damage that your two-wheeler insurance might have caused to any third party. Often, it pays for injury expenses if you are at fault in an accident with your bike.
Why is Third-Party Coverage Important?
- Legal Requirement: In most parts of the world, it has become a legal requirement to have third-party coverage in order to legally use a two-wheeler on highways. It works with regulatory authorities like Parivahan Sewa to make sure you are eligible for its services.
- Financial Protection: Third-Party Coverage protects you from having to pay for the damages that third-party individuals file against you, your bike, and any caused property damage.
- Peace of Mind: Third-party automotive insurance lets the driver of the automobile be able to ride the two-wheeler without any worry of being financially immobile due to an eventuality.
Key Features of Third-Party Coverage:
- Bodily Injury Liability: It includes costs of medical bills, attorneys’ fees, and any damaged personal property cost to third parties involved in an accident.
- Property Damage Liability: Offers protection in the form of indemnity for liability to third party property, which could include cars, a fence, and more.
- Legal Defence Costs: Helps in paying for legal bills in the event that one stands trial after an incidence that occurred out there.
How to Claim Third-Party Coverage?
- Inform the insurer: In case you experience an accident between your bike and another individual’s bike or person, you should inform your insurance provider.
- Provide Details: Ensure that information relating to the occurrence of the accident is correct and comprehensive in terms of location, time, and contact details of the people that were involved in the incident, among other aspects.
- File a Police Report: In relation to serious mishaps, especially road mishaps, report the same to the police and get a copy of the report that may serve as evidence when filing a claim.
- Document Evidence: Use documentary proof such as photographs, statements from eyewitnesses or other individuals, and/or professional records like any medical paperwork to back your assertion.
- Follow Procedure: Follow the stated procedure for making claims from your insurance company, and ensure that you provide any relevant documents that may be required within the stipulated time.
Also Check: What is Pay As You Drive Insurance & Its Benefits
By understanding Third-Party Coverage and following the necessary steps in the event of an accident, you can ensure a smooth claims process and safeguard your financial interests. Remember to renew your bike insurance policy on time to maintain uninterrupted coverage. Utilize online platforms like Parivahan sewa for hassle-free bike insurance renewal and stay protected on the roads.
Further, using similar applications such as CarInfo app can bring convenience in your car-related activities, which includes giving details of RTO and RC, service history, and even selling/buying of automobiles. Moreover, ways such as through the tool known as CarInfo offer smooth navigation towards the e-challan, thus allowing users to keep abreast with traffic offenses, which otherwise would attract fines.
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