You might know that third-party insurance has been made mandatory by regulatory agencies for scooter owners. This has been done because bike accidents are one of the most common types of accidents in India. The number is staggering – tens of thousands of bike accidents happen each year. So, the move to make scooter insurance mandatory is definitely welcome. We too suggest you enroll for the best scooter insurance online, if you have purchased a two-wheeler recently.
This article focuses on what happens when you lose your bike insurance and the steps you can take to get a duplicate one.
What Happens If You Lose Bike Insurance?
According to policy, all scooter owners are mandated to have active insurance policies for their vehicles. Driving scooters without insurance might lead to a fine being imposed on you as a penalty.
You should always carry the insurance document when you ride a scooter. In case that is not possible, you can use certain mobile applications such as m-Parivahan to access a copy of your scooter insurance from your phone.
If you have lost your insurance document, you should take steps to get a duplicate certificate as soon as possible. Stop driving your scooter until you get the certificate issued.
Steps To Renew Scooter Insurance
Contact Your Insurance Provider:
Communicate to your insurance provider about the loss. Elaborate on whether the document was lost or destroyed. Each company might have specific formalities that can vary to a small extent, so get to know the same and start fulfilling it.
Contact the Police Station
You have to contact the nearest police station and inform them about the situation. Request the police to file a FIR, which is First Information Report. Get a copy of the FIR, as you will need to produce it to the insurance company.
Publish an Ad in the Newspaper
The next step is to give an ad in any newspaper and inform the public about the loss of the document. Request them to return the document to your address in case it is found anywhere.
Sign Indemnity Bond
Indemnity means protection against loss, and a guarantee to be responsible for it. You may have to provide details of two guarantors in this process.
Fill In An Application Form To Your Insurance Provider
Apply for duplicate documents and fill in the form given by your insurance provider (it may be done online). If the scooter insurance you availed of was in a joint name with another person, then the application form has to be filled by both stakeholders.
Once all the steps mentioned above have been completed, the insurance provider will grant the duplicate scooter insurance certificate. They will verify the details and documents that you provided in the application, and issue the duplicate certificate if you satisfy all the requirements.
Keep the insurance document extremely safe this time, and don’t lose it again! Happy motoring.
If you’re looking for a new insurance plan, check out one of the best scooter insurance options online. You can get a quote for third-party insurance prices as well.