5 things to know about Third Party Bike Insurance

Nikparab30 Sep, 2021Finance

How can one make an insurance claim - As compared to comprehensive insurance, third-party two-wheeler insurance has a few more steps before one can successfully claim the compensation amount. First, an application for the third-party claim is made by the victim which is followed by filing an FIR that has all the details of the accident. After this, comes the process of filing a case in the Motor Accident Claims Tribunal in the same judicial area in which the accident occurred. Once all the documents including the FIR have been submitted, the court decides on the compensation amount that has to be given to the victim. It is also important to note that there is no limit to the third-party cover in case of an accident that causes death.