Did you know that there are actually different types of insurance claims? You can actually, request for an insurance claim in situations where your motorcycle has been stolen. Or even if parts of it has been stolen or damaged. Below is where we’ll discuss why all of this matters.
If you need to make a claim for theft or if you’ve got a lot of damages on your motorcycle like vandalisms and dents while it was parked, it is once again, a very important thing to collect as much information like locations (where it was parked at the time) any potential witnesses -all these things must be passed on to your insurance agent. Keep a record of any deals you have made with the police. For theft cases, like vandalisms, there are times that you will be given a crime reference number. So make sure you get that too.
Following any accident you would need to contact your insurer as soon as possible to report the event. This, by the way, can apply whether or not you are making a claim or not. And informing them must be done within 24 hours of the accident. This is when you should already pass on all the important details you have collected after an accident.
If at this point you would like to make a claim, your insurer will then ask for an assessor to work out the extent of the damage and what it will cost to have your bike all repaired and fixed. This will usually involve you taking your damaged motorcycle to a local garage that’s approved by your provider.
If you simply take your bike to a garage of your own choice for repairs, you are very unlikely to then be able to claim the costs back from your insurer.
You will have to pay the excess on any claim you will make on your own insurance. Except of course if you are claiming off another motorist’s insurance for an accident that was their fault. In this case you won’t have to pay the excess.
In some rare cases you might actually get a courtesy bike while your own bike is still in the repair shop. You can have a look on your policy’s terms and conditions to find out.
There will be times that the insurer’s assessor will decide that the cost of repairing your motorcycle is too high in relation to its overall value, the company will declare it a write-off and will then offer you a cash sum, less any excess.
To work out whether this sum is fail, you should research the value of bikes that are closely similar to yours on the open market. In case you have got specific modifications on your motorcycle that has enhanced your bike’s value, tell your insurer and supply all the necessary receipts and all the records of the work that has been done.
Lastly, if you have been involved in an accident with a vehicle that turns out to be uninsured, you will need to be able to claim from your own provider if you are comprehensively covered.