According to the Indian Motor Act, two wheeler insurance is
compulsory in the country legally, as with any other automobile. Bikes and
scooters being the most favored transportation means due to convenience, low
maintenance and reasonable price has the maximum number of buyers. With the
ever increasing number of accidents reported, it is essential to ensure that
you hold a valid two wheeler insurance scheme every time you venture out on
your scooter. Apart from coverage, insurance firms also provide cashless claims
services, where you shall have your bike mended at a workshop recorded as one
of the insurer’s network, meaning you do not have to shell out for the costs
upfront.
There are two kinds of two wheeler insurance schemes
available.
Third party insurance
Third party insurance protects only the other person (third
party) who got involved in an accident against loss or damage caused by that
accident including their legal and medical costs.
Comprehensive insurance
Those having an all-inclusive two cover can avail the perks
of cashless two wheeler insurance claims, providing cover to you, the bike as
well as for the third party. It is also protected from loss or damages due to
any mishap, robbery, and natural calamities, while you are covered for medical
and legal expenditures.
More info on Cashless Claims:
At times, it will be difficult to get cashless reparation
facility. Like for instance, if the workshop mentioned in your insurer’s
network list is not available in your region, you have to pay at the garage and
later get a refund from your insurance provider by submitting the bills. You
can buy a two wheeler insurance online. There are competitive comparison
websites, making it easier for you to pick one based on your needs. It is
better to go for the maximum cover. Other things such as policy renewal,
claiming, changing the address and many others can be done online too.
Jot down the registration number of the third party involved
in the accident, if he/ she was also commuting by a vehicle.
Take down the contact details of the witnesses, if any.
Notify your insurance firm about the accident at the earliest
and get help from the customer service staff on the workshop to be contacted.
File an FIR at the nearest police station and get a duplicate
copy of the report.
Once your claim is recorded, the insurance firm staff will
get in touch with you and request you to give in all the documents needed to
take it forward.
The official will get an approximation for the expense
incurred for repairs and give his approval after the calculation.
[Source: https://www.bankbazaar.com/two-wheeler-insurance/guide/cashless-two-wheeler-insurance.html]
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