It totally depends on the type of policy that you have bought for your two-wheeler. If you have just third- party liability only bike insurance than your bike is neither safe from the thieves nor it covers theft. In case if you have a comprehensive bike insurance policy, you can easily club it with a theft cover and secure your bike from the theft. With having a Theft Cover you can make a claim from your insurer in case is someone stole your bike. All you need to do is just follow few simple steps:. In case of stolen bike, log FIR in the nearest police station. Then get a no trace report from police station depicting that your bike is untraceable.
What if your two wheeler is recovered? In case your vehicle was under a loan, your motor insurance company will reimburse the payout amount to the financer of your vehicle and the difference amount shall be paid by you.
Toggle navigation Home Insurance - Structure Protection.
Home Knowledge Center Insurance Reads. In India, having motor insurance is mandatory.
Should You Claim A Stolen Bicycle?
Relevant RTO papers with required forms such as form 28, 29, 30 and Additionally, you also need to have the original keys. Other interesting reads! Effects on Car Insurance when you Modify your Car. What is Cooling Period in Health Insurance?
What is home insurance? We Can Call You!
Generate OTP. Resend OTP. Link has been sent x. Thank You!
We'll respond to your request shortly. Live Chat May I help you?
Bike theft happens so frequently that we highly recommend insuring your bike. Credit Card Purchase Protection; Renters & Homeowner Insurance; Auto. Mar 16, - You can breathe easy even if your bike insured with a theft cover is stolen The stolen vehicle need to be transferred in favour of the insurance. Sep 18, - If you have just third- party liability only bike insurance than your bike coverage insurance cover theft of a car that was stolen while making a.
Insurance Article. Insurers will pay an amount equal to declared value of insured bike in case of theft A report by one of the leading English dailies paint an agonizing picture for two-wheeler owners in India. File The Insurance Claim After filing an FIR, call the insurance company helpline and follow the instructions to file the claim against theft of your bike.Stolen Bikes Insurance
Submit The Documents Once the aforementioned formalities are completed, you need to send the duly filled insurance claim form along with the respective documents to the insurance company. Show oldest on top Show newest on top. Load more comments. Write a review. Please type the code above. Scroll Up. Careers Media Get in Touch. Policies can be purchased and renewed online as well.
Immediate issuance of policy copy online. Insurance is the subject matter of the solicitation.
The advertisement contains only an indication of cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. In case of stolen bike, log FIR in the nearest police station. Then get a no trace report from police station depicting that your bike is untraceable.
Lastly, wait for around a month to get the claim from the insurer. Comprehensive two-wheeler insurance policies provide coverage against theft of the vehicle. Thus, if your vehicle if stolen, you can raise a claim with your insurance company.
The insurer in turn, after completing the necessary formalities, will provide you a settlement as per your two-wheeler Insured Declared Value IDV.
Anthea April 10, Personal Property Insurance Continue reading to find out how to protect your bicycle from theft and to learn what you should consider. Claiming motor insurance for a stolen motorcycle/car can be a long process. In this video we have explained. Sep 17, - So what happens when a bicycle is stolen, or damaged in an accident? Does your bike and bike rack (outside of your car) differ from any other.
The third-party liability-only insurance policy, however, does not provide coverage against vehicle theft. Before purchasing a policy for your bike, make sure to compare the features of a few two-wheeler insurance covers and their prices to ensure that you are making an informed choice. A two wheeler insurance covers a lot of things, such as any damages, loss, harm done to your two wheeler due to any unforeseen events, injuries sustained by you and theft of your two wheeler. A two wheeler insurance provides a cover for a third party liability, both for the two wheeler as well as a third person affected during the event.
Auto insurance bike stolen
If your two wheeler is stolen, you need to file for a FIR and also mail your insurance provider regarding the same. You will require a few documents while making a claim along with the FIR. The two wheeler insurance company will return you the value of your two wheeler post asking for a claim.
If your two wheeler is not covered under comprehensive motorcycle insurance, then your policy won't cover theft of your vehicle. A two wheeler insurance. Sep 22, - If your vehicle has been stolen, how do you make an insurance claim? The insured must inform the insurance firm and the police. The insurer's. My home insurance says my bike is covered if it's in the house or vehicle. So I guess it would be OK, but clearly once ballache + excess are factored in best to.
The process is very easy; you can get in touch with the third party administration for this. If in case, you find your two wheeler insurance back, you will have to give it to the insurance provider if the claim has been settled.
If the settlement of the claim is due and you find your two wheeler, you can buy it back from the insurance provider, though the two wheeler will still be the possession of the insurance company once the claim is made.
Hope this answer solved your pool of two wheeler theft worries. Sign In.