When you buy two-wheeler insurance online and complete all the legal formalities associated with it, you receive financial assistance for unexpected expenses in the event of an accident or mishap. However, the responsibility of bike insurance is not limited to just buying the policy. The policyholder must pay attention to various insurance factors to ensure a successful claim settlement. To achieve this, it is important to understand the elements of a bike insurance policy that covers your expenses in the event of any accident. Without knowing the ins and outs of the insurance policy, policyholders may reject their claim through their insurance companies. To avoid such a situation, you should know and avoid situations that could lead to claim rejection. The main reasons for the insurance company to reject insurance claims for two-wheelers can include:
- Expired insurance policy
Insurance providers will not accept any claim requests raised against an expired bike insurance policy. They provide coverage only during the term of the insurance policy. Therefore, it is recommended to do the bike insurance renewal before the policy lapses so that you can get seamless bike insurance coverage and easy claim settlement without any hassles.
- Fraudulent claims
Insurance is not a means of making money, it is a financial aid against unforeseen expenses. Therefore, its offers and benefits should not be abused by making fraudulent insurance claims. Insurance providers conduct a thorough investigation before settling insurance claims to confirm the authenticity of the claim. If anyone is found to be making a fraudulent claim, the policyholder will face claim rejection and legal penalties.
- No claim coverage
Many times, policyholders do not thoroughly examine the bike insurance policy documents and are unaware of their insurance plan coverage. For insurance, if a person has a third-party bike insurance plan, they cannot claim the cost of repairing their vehicle after an accident. Also, if the insured person has a comprehensive bike insurance policy and no add-on cover, there may be some costs that you may have to bear out of your own pocket. In such cases, insurance claims may be rejected for making a claim that is outside the scope of the coverage you purchased.
- Unlawful activities
When a person requests a bike insurance claim from an insurance company, they must make sure that the policyholder has not committed any illegal activity. Otherwise, the claim request may be rejected. The insured person should not be riding a bike under the influence of drugs or alcohol, doing any stunts, or being caught riding a bike without a valid driving license at the time of the accident. In such cases, the bike insurance company may reject any claim or terminate the policy.
- Commercial use
When it comes to two-wheeler insurance policies, there are different plans available for private two-wheelers and commercial vehicles. Therefore, a private two-wheeler should not be used for commercial purposes. If the private bike is found to have been damaged in an accident or accident while being used as a commercial vehicle, the bike insurance provider will immediately reject the claim request.
- Delay in raising claim request
It is advisable to request for a claim settlement immediately in the event of an accident, theft or any other accident. Insurance companies expect the claim to be initiated before the deadline for making a claim request, which may vary from insurance company to insurance company. For example, if you make a claim request one month after the theft or accident, the insurance provider may reject your claim request due to a delay in raising it. To ensure nearly instant claim processing, you can submit a claim application through a two-wheeler insurance app.
- Modification of two-wheelers
Many bike owners modify their bikes or scooters a lot, sometimes making it difficult to locate the vehicle. However, if someone modifies their vehicle, the bike insurance premium can be increased by multiple modifications, so it is necessary to inform the insurance provider about it. Therefore, insurers may reject a claim for a modified two-wheeler that has not previously been reported to the insurance company.
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