Can insurance be claimed for bike scratches

Two-wheeler insurance is a vital aspect of having a motorbike in India. It not only provides financial security, but it also provides peace of mind while riding on the roads. Bike insurance protects riders against multiple risks, including accidents, thefts, damage to third-party property, and personal injuries.

Bike insurance typically comes in two types — third-party and comprehensive insurance. The former is mandatory in India and covers the rider's liability to third-party property and injury. In contrast, comprehensive insurance covers all the risks mentioned above and provides coverage for damages to the insured bike.

While many riders often wonder whether they can claim insurance for scratches on their bike, the answer is both yes and no. If the scratches are a result of an accident or a collision with another vehicle, the rider can claim insurance under comprehensive coverage. However, if the scratches are due to regular wear and tear, the insurance company will not cover the cost of repair.

But is it a good idea to file a claim for such trivial matters? Certainly not. Let us investigate why.

Benefits of not claiming insurance for minor issues

• No impact on no-claim bonus (NCB): Every claim made under bike insurance affects the NCB. By not filing a claim for minor damages, you can maintain your NCB and receive a higher discount on the premium during policy renewal.

• Quick resolution: You can conveniently fix minor damages such as scratches at a low cost without involving the insurance company. Hence, opting for an affordable solution to get back on the road without delay is more viable.

• Avoiding hassle: Filing an insurance claim can be a time-consuming and complicated process. By avoiding a claim for scratches, you can avoid the hassle of paperwork, coordination with the insurance company, and follow-up.

• Higher chance of approval for major claims: When a rider files multiple claims for minor damages, it may impact the insurance company's perception of their risk profile. This may result in the rejection of a significant claim in the future. 

It is critical to have insurance to protect against several risks associated with bike ownership. However, it is also essential to consider the potential impact of filing a claim for minor damages, such as scratches, on the no-claim bonus (NCB) and premium.