Understanding Cashless Bike Insurance and How to avail it
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Let’s face it, filing for an Insurance claim is not everybody’s cup of tea. Understanding the process and the endless paperwork that goes with it is something we would want to steer clear of, if that is an option. Luckily, Insurance companies have introduced an easier claims process with lesser paperwork and a quicker process. What’s more, the cashless claim method doesn’t need you to shell out money and then apply for a reimbursement with the insurer. So, if you don’t wish to do a lot of paperwork and are looking for a quicker solution, go the cashless way!
What is Cashless Bike Insurance?
Insurance companies have tie-ups with garages across the country and the partnership allows the garage to take care of repairs and present the bill directly to the insurance company. If you are new to the world of Insurance, you should know that in non-cashless claims, the policyholder pays the garage bill and presents it to the insurer for reimbursement.
How does Cashless Bike Insurance claim work?
A list of cashless garages is typically available on the insurer’s website or on the policy document. You can select any garage that is closest to where you reside or where the incident occurred and inform the insurer of the claim. Once the insurer is informed, a surveyor is appointed for certain claims wherein he/she assesses the extent of damages. Post-inspection, the insurer will approve the claim and inform the garage. After conducting the repairs, the garage submits the bill directly to the insurer.
While the insurer pays for the covered charges, you will have to pay the non-covered charges, such as charges for any accessories or repairs not covered under the policy, after which the bike will be released from the garage.
What are the Benefits of Cashless Bike Insurance?
The cashless claim process is a blessing to us all, here’s why:
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It’s convenient: When compared to the reimbursement claim type, cashless claims are major stress relief. Besides a short document verification process, there is no other paperwork you have to worry about. The bill is settled between the garage and the insurer.
It’s quick: Each insurer has thousands of network garages so the cashless facility is easily accessible and hence quickens the claim process.
It’s cashless! Besides the compulsory deductible, repairs and other expenses not covered under your policy, you will not have to pay a single penny out of your pocket.

How do you claim Cashless Bike Insurance?
While the process to claim for Cashless Bike Insurance could vary from insurer to insurer, this is what the steps of a typical cashless claim look like:
Step 1 - Take the vehicle to the network garage of your insurer.
Step 2 - Inform the insurer about the incident.
Step 3 - Submit necessary documentation to the insurer.
Step 4 - A representative from the insurance company will inspect the vehicle and make an approximation of the expenses.
Step 5 - The garage will complete the repairs and submit the bill to the insurer.
Step 6 - While the insurer will foot the bill for the covered charges, you will have to pay the non-covered charges to clear the bill.
Documents required for a Cashless Bike Insurance claim
The documents that need to be submitted for a claim vary from insurer to insurer but they are typically as follows:
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Proof of identity
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Proof of address
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Recent passport size photograph
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Driving license
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Registration certificate of the vehicle
Anybody who has filed for a claim knows the delay that could occur due to the lack of proper documentation. The reimbursement claims process requires more paperwork whereas cashless claims are quick, easy, and stress-free. So when you buy Bike Insurance, make sure the cashless claim option is available to make things easy for yourself in case of a claim.
Topics : Insurance companies
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First Published: Mar 21 2022 | 4:39 PM IST