How to Recover Lost Bike Insurance Policy Documents

Normally, when you lose the documents required for a bike insurance policy you make every effort that you possibly can to find them. For example, you look up every corner of your house. The thing is that such a search often proves to be rather futile. You would already know how important these papers are and the kind of danger riding your vehicle without them poses.

The Motor Vehicles Act of 1988 makes it mandatory for you to have such insurance while you are riding the same on the streets. The Motor Vehicles (Amendment) Bill 2016 states that if you are caught driving without these papers by employees of the motor department, apart from the traffic cops, you would have to pay a fine of 2000 rupees.

So, you can see for yourself, how important it is for you to get back the lost bike insurance papers. Apart from that, your bike insurance papers also contain details of the coverage that the policy provides you with. This is the document that you have to present to your insurer when you are filing a claim for any damage or loss that your vehicle may have suffered in calamitous occurrences such as an accident.

Lost Your Bike Insurance Papers? Don’t Panic, Just Follow the Below Steps

Thus, you need to get back your lost bike insurance policy documents as soon as you can.

Getting duplicate papers from the insurers

This is the final and the sole solution that you are left with in these cases. You can always ask your insurer to provide you with such papers.

However, getting them may not be as easy. There are certain steps that you have to follow before you can get the duplicate papers of your bike insurance policy.

The important steps in this context

The first step that you need to take in this regard is to file an FIR (first information report) with the local police. It is not as if all insurers out there would ask for such a document. However, you can be sure that it would make the process of getting one a lot easier than would have happened otherwise.

The important steps in this context

In the FIR you would have to provide the following information:

• policy number
• type of policy – comprehensive policy or third-party liability policy
• riders and add-ons with the policy

Once you submit the report get the FIR attested from the police station. Submit this to your insurer as proof of the fact that you have lost the documents.

Issue an advertisement in a newspaper

After that, you would have to put out an advertisement for those documents in a newspaper. This is applicable even when you have bought your bike insurance policy online. This needs to be done in the area where you have lost the document. In the ad, you would have to state that you have lost your insurance papers and implore anyone who may have found the same to return it to you. You can ask them to hand it to you or deliver it in any other way. You should provide your contact details and address in the advert.

Here too, you would have to provide all the details that you stated in the FIR along with the registration number of your bike. This would be immensely helpful in getting back the documents required for a bike insurance policy. However, please remember that it is you who would be bearing all the costs that are incurred in publishing said advert.

Execute an indemnity bond

It is also important to execute an indemnity bond to get back your lost bike insurance policy documents. This is one of the documents that you would require when you apply for the duplicate papers. You have to execute the said bond in favor of your insurer. You would have to get it notarized as well. You should also execute it on a non-judicial stamp paper.

This can be regarded as a formal and legal request from you to your insurer asking for them to issue duplicate copies of the insurance papers that you have lost.