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Monday, November 28, 2022

What Is the Significance of Cashless Claim in Bike Insurance?

A cashless bike insurance claim facilitates the repairing of a damaged vehicle without the requirement of hard cash. This is beneficial as you can restore your vehicle immediately after the accident without worrying about the instant arrangement of funds. Additionally, there are several significances of a cashless claim that you must be aware of before proceeding to purchase one.

Importance of Bike Insurance Policy Cashless Claim 

Below are some of the reasons why cashless bike insurance claims are important:

  • Keeps you worry-free

The process of making a cashless claim is extremely easy and can be completed in only a few steps. Hence, you will not have to worry about arranging funds urgently to pay for vehicle repairs. This will enable you to focus completely on damage repairs and later pay the deductibles.

  • A lot of garages are covered

There are a lot of garages that have partnered with several top insurance companies. For this reason, whenever you meet with an accident, you can easily locate a partner garage near you. This allows you to conveniently opt for the cashless repair of your vehicle.

  • Offers cashless services

While repairing your vehicle from the damages caused during an accident, you do not have to pay any amount yourself. Instead, your vehicle insurance company will directly transfer the money to the partner garage owner’s account.

Considering these significances, it is evident that you can receive immense benefits from a cashless insurance claim. So, you must be aware of the detailed steps that you can follow to raise a claim at the earliest. 

Steps to Make a Cashless Claim

You can follow the steps below to raise a cashless claim:

Step 1: Intimate your vehicle insurer about the incident.

Step 2: Take your bike to the nearest garage, where your insurer’s representative will conduct a thorough inspection of your vehicle.

Step 3: As soon as you receive approval from the two-wheeler insurer, the mechanic will start repairing your vehicle.

Step 4: Submit all the essential documents that your vehicle insurer demands.

Step 5: Your insurer will verify the details stringently before approving your claim.

Step 6: Once done, the repair cost will be directly transferred to the bank account of the garage.

Additionally, you must keep the essential documents ready to avoid any errors due to a last-minute rush. 

Documents Required for Making a Cashless Claim

You must keep the following documents ready before making a cashless claim:

In addition to raising an error-free claim, you must adhere to the clauses mentioned in the policy strictly while making a cashless bike insurance claim. A few of them include driving with a valid license within the specified geographical region, avoiding fraudulent claims, raising a claim after the policy has expired, and so on. Now that you have a clear idea regarding the importance of cashless claims, you must purchase one to stay financially secure regarding your two-wheeler.

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