Lost your two-wheeler policy document? No need to panic, just follow the below steps
Insurance policy documents are among the important documents that we normally keep in a safe location. Losing some of your important documents is not very common, but sometimes it does happen. There could be a situation where you misplace your two-wheeler insurance policy document. You’ve made every attempt to find it, searched every nook and cranny of your house, but to no avail. Your two-wheeler insurance policy is an important document, without which you would be at risk while riding your two-wheeler.
How to Get a Duplicate Insurance Policy Document
The last and only solution for you now, is to request your insurance company to issue a duplicate insurance policy document. But, getting a duplicate policy document is not easy. There are certain pre-requisites that you need to perform before you could make an application for a duplicate policy document.
The prerequisite are:
- Filing a first information report (FIR) with the police
Not all insurance companies ask for a copy of an FIR filed with the police for your lost two-wheeler policy document. But it will certainly help in your seeking a duplicate two-wheeler insurance policy document.
- Issue an advertisement in a newspaper
You must publish an advertisement in a newspaper circulated in the region where the two-wheeler insurance policy document is lost. The advertisement will basically announce that you have lost your two-wheeler policy document and request that if someone finds the same, it be delivered or handed over to you. The advertisement will contain your address and/or your contact details.
- Execute an indemnity bond
Indemnity bond is the last of the documents you will need for submitting to your for submitting to your motor insurance company to apply for a duplicate insurance policy document. The indemnity bond should be executed in favor of your insurance company and also must be notarized. The indemnity bond has to be executed on a non-judicial stamp paper.
After getting hold of these three documents, you are now ready to apply for a duplicate of your two wheeler insurance policy Write an application addressed to your insurance company requesting them to issue you a duplicate two-wheeler insurance policy. Please ensure you write the correct policyholder name, policy number, date of issuance, and type of insurance cover opted in the application. Attach the FIR, a copy of the advertisement issued in a newspaper, and the indemnity bond with the application. Remember to keep copies of the application and the documents safe with you for future reference.
If the two-wheeler insurance policy is in a joint name, please remember the application will have to be signed by both the joint policyholders.
Related Article:
Things You Must Know About Your Lapsed Two-Wheeler Insurance Policy
Are Two Wheeler Add-ons Really Worth Buying?