When you purchase a two-wheeler insurance policy, you expect to make the most out of it. The only way you can take the amount from your insurer for repairs is by making a claim. You can avail of the compensation in two ways- Cashless and Reimbursement. Here in this article, we shall discuss more on the cashless claims in two wheeler insurance.
About Cashless Claims
Most of the insurance companies will have a list of network garages with whom they have tie-ups. In case you get involved in an accident, you will have to take your bike to one of the network garages in the list of your insurer, to get it repaired. This way, you can avail of the cashless claim facility.
As the name suggests, you do not have to spend the entire amount from your pocket to get your bike repaired. Cashless claims are surely not 100% cashless, you will have to pay a certain amount in the form of deductibles. The bike insurance provider asks you to pay the deductible amount, so you don’t make frequent insurance claims and focus more on safe driving.
If you avail of a cashless claim, you need not worry about heavy paperwork. The entire process of the claim that includes inspection of the damage caused, repairing the damage, invoice bills, as well as the payment, will be taken care of by your insurance provider, as they’re in direct contact with the garage; therefore your physical presence won’t be required. This is why the entire process becomes hassle-free. After you drop your damaged bike for repairs to the garage, you need not worry any further.
What happens if your bike is not repaired in a network garage?
In case, you don’t find a network garage during an emergency and get your vehicle is repaired in a garage that isn’t in your insurer’s network, you will have to take care of the entire repair process. This process termed as reimbursement claim process. Under this, you take your two-wheeler your preferred garage and notify your insurer about the damage. Let the insurer first examine your bike, only then begin the repair process. If this step is skipped, the vehicle insurance provider might reject your claim. Once the inspection is done, you can get the repair process started if your insurer approves of it.
After you get the bike repaired, collect all the invoices and payments for the damages from your pocket. After all of this is over, you can raise a claim and reimbursement. The process might seem a little tedious as you are supposed to coordinate with the garage and get your bike repaired.
Now you know the two types of claims in two-wheeler insurance. In case of an accident, you know how to go ahead confidently. With adequate insurance coverage, you will remain financially covered, but it is important to note that, one must ride their bikes safely to avoid such types of mishaps from happening.
You can buy your motor insurance policy from any online general insurance company of your choice. But before choosing, make sure to compare the various policies available in the market and the extent of coverage they have to offer. Most importantly check the claim process of the insurance company and whether they offer cashless claims. If yes, then do check for the list of network garages they provide with, because otherwise in case of emergency you wouldn’t have any garages in your vicinity to go to for repairs.