What to do if you have lost your two-wheeler insurance documents?

How to Get Duplicate Copy of Bike Insurance
How to Get Duplicate Copy of Bike Insurance

According to the Motor Vehicles Act, 1988 it is mandatory for every two wheeler running on the India roads to have a valid two wheeler insurance policy. If you are found to be driving without an insurance policy by the traffic police or motor department officials, you will be fined Rs.2,000 under the new Motor Vehicles (Amendment) Bill 2016. Hence, if you have lost or misplaced your insurance related documents, follow these steps with immediate effect:

  • File?an FIR with the police department in your area.
  • Send an attested copy of the FIR to your insurance company.
  • Apply for a duplicate copy of the insurance policy.
  • Publish an advertisement in the local newspaper if required.
  • Sign an indemnity bond to indemnify your insurer.

Steps to apply for a duplicate two-wheeler Insurance:

A two-wheeler insurance policy contains all the insurance information pertaining to the insured vehicle. This is the main document that you have to produce at the time of filing a claim for any loss or damages caused to your vehicle due to an accident or other calamities. If you don’t have your policy papers in hand, you wouldn’t be able to file a claim with your insurance provider. Hence, if you can’t find the policy documents the best solution is to apply for a duplicate insurance policy:

Follow these steps to apply for a copy of your insurance policy documents at the earliest:

  1. File a FIR
  2. Submit a written application to insurer for reissue of insurance certificate
  3. Publish the following in your local newspaper:
    • Name?of the policyholder
    • Insurance?policy number
    • Name of the insurance company
    • Registration number of the two-wheeler
  4. Send an indemnity bond on no-judicial stamp paper to your insurer

File an FIR:

At first, you will have to file a First Information Report (FIR) at the nearest police about the loss of the documents. Visit the concerned police station in your area and report the loss of your two-wheeler insurance papers. Clearly mention your policy number, type of policy (third-party liability policy or comprehensive policy, and the add-ons or riders, if there is any.

When you are done reporting,?submit an application?to get a FIR copy from the police station. Get the copy attested and submit it to your insurance company as a proof that the documents are missing and you have reported the loss. Ensure to attach the FIR application with the FIR copy at the time of submitting the documents to your insurer.

Submit an application:

Next, you need to apply for a copy of your two wheeler insurance policy. Submit a written application to your insurance company, declaring that you want to apply for a duplicate two wheeler insurance policy and state the reason for the same.?Mention all the details pertaining to your policy in the application including the policyholder’s name, policy number, date of issuance, and type of the policy cover. You should also state the circumstances under which you have lost the insurance policy papers.

If your insurance policy is held jointly, you will have to sign and submit the application along with the other?holder of the policy. You will also be required to submit the FIR copy along with your application to get a copy of your two-wheeler insurance papers.

Publish an advertisement:

In the event of the loss of your two-wheeler insurance paper, you are mandated by law to publish an advertisement in a popular local newspaper stating the loss of the insurance papers. Ensure to mention the following information while publishing the advertisement:

  • Name?of the policyholder
  • Insurance?policy number
  • Name of the insurance company
  • Registration number of the two-wheeler

The cost of publishing the advertisement should be entirely borne by you. After the publication of the advertisement you are required to submit the copy of the published advertisement to the insurance company.

Sign an Indemnity Bond

Lastly, you will have to sign an indemnity bond on no-judicial stamp paper and send it to your insurance company.?In the bond you need to make a legal and formal request for the issuance of duplicate policy document while declaring that in case of claim made by a third person other than you and your nominee you will indemnify the company. The indemnity bond must contain your full name and other policyholder’s name, in case of a joint policy and the policy number. The bond needs to be affirmed before a notary and has to be signed in the presence of two witnesses, who shouldn’t be a part of the policyholder’s holder’s. To get the indemnity bond you will have to pay fee and the stamp fee. The insurer may also ask you to provide proof of your financial status at the time of signing the bond in order to confirm your capability of compensating if required. Once you have successfully filed the application, the insurance company will investigate and verify the matter. After verification if your application is found to be genuine a duplicate copy of your two-wheeler insurance policy will be issued to you by the insurer.

Quick steps to obtain duplicate insurance papers:

  • Call the insurance agent:In case you have applied for your two-wheeler insurance?through?an insurance agent,?call the person and inform about the loss. The insurance agent might have a copy of your insurance papers. If he/she has the paper ask to send a PDF copy?in your mail.
  • Contact the customer care centre:?If your insurance company has an email support system, write to the customer support email ID about the loss. Mention your registered mobile number and mail ID. If the company policy of your insurer allows, your insurance policy details will be shared through mail.
  • Download a copy: Check whether your insurance company offers online policy renewal or download facility. If it does login to your account and download the policy papers online.

If none of these above-mentioned methods work for you, immediately contact your insurance company and apply for duplicate two-wheeler policy papers. Remember, you might have to pay a nominal fee for the issuance of duplicate policy papers.

News About What To Do If You’ve Lost Your Two Wheeler Insurance Documents

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