Have you ever lost your wallet or purse? If yes, you would know the immense amount of pain that comes along with it. Filing an FIR, blocking all your bank cards, applying for duplicate cards such as driving license or pan card and so on.
The sentiments can be similar if you were to lose your bike insurance. The insurance document contains important information such as your insurance details, vehicle details such as chassis number and engine number, etc. And in such cases, filing a claim can also get largely difficult, since you do not have any proof that you had a policy in the first place.
There are quite a few possible scenarios where one can lose their bike insurance documents. One such scenario being, if you happen to keep your bike insurance policy in your wallet/purse/bag and it gets stolen. There are a few bike owners who have lost their policies while giving their bikes for servicing at local garages. Another possibility is that you might drop the documents during a check being conducted by the traffic police department.
What Should You Do?
In the event that you lose your bike insurance policy, the following steps will guide you through all that you need to do in order to get a new policy.
Step 1 – FIR
The first step involves visiting the nearest police station and filing an FIR (First Information Report) for the same. The FIR must be detailed and include information such as your policy number, type of policy (whether third-party or comprehensive), any riders that you had purchased and so on. You would need to submit a copy of the FIR to your insurer and let them know about the lost policy.
Step 2 – Apply For a Duplicate Policy Document
Once you have filed an FIR, you can proceed with applying for a duplicate bike insurance policy. To get a duplicate policy, you would first need to write an application to your insurer. The application would state that you have lost your policy and that would need a duplicate copy of the policy. You can submit a copy of the FIR along with the application.
Step 3 – Signing of Indemnity Bond
Before your insurer can hand over the duplicate insurance policy, they would ask you to sign the indemnity bond on non-judicial paper. This marks a formal application for a duplicate bike insurance policy. This usually contains your full name along with the policy number and requires the signature of two witnesses.
Step 4 – Advertisement
In some situations, insurers might ask you to publish an Ad for the same in a newspaper stating that you have lost your bike insurance. A copy of the published ad should also be provided to the insurer.
Once you follow the above steps, your insurer will then hand over a duplicate copy of the insurance policy, post a successful verification.
Things To Remember
The first and foremost thing is not to panic. It happens with the very best of us. You shouldn’t lose your sleep over misplacing or losing the bike insurance document. There is a process to get you a duplicate insurance copy and following the above steps will help you do exactly the same.
The moment you realize that your bike insurance policy is lost, ensure to file an FIR with the nearest police station. If you renew bike insurance online, there is a small benefit to the same. The insurer will most likely send a copy of the policy to your email address. This copy that you receive when you renew bike insurance online, you can print and keep along with you.
Buying online 2 wheeler insurance is also beneficial in several other ways. For starters, almost all the policies are cheaper when they are available on the online platforms. Also, when you buy online 2 wheeler insurance, you get to choose a policy that has the perfect balance between the features on offer versus the premium that you end up paying for the same.
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