Role of Bike Inspection in the Various Stages of Your Bike Insurance Policy

Registration, PUC certificate and an insurance policy are three critical vehicle documents that you need to have besides your driving license. When you buy a new bike, the vehicle dealer helps in getting your vehicle registered, whereas there is no requirement for a PUC certificate for a new bike for up to one year. However, there is an option when it comes to a bike insurance policy. The dealer might offer a couple of alternatives, but you are free to pick an insurance plan of your choice. When you buy an insurance plan, an inspection is required. A bike inspection is carried out to verify the existence of the documents and the bike itself. During this inspection process, the vehicle is checked for the specification provided at the time of application, along with any accessories fitted thereon. This way, any fraud or concealment of information regarding the vehicle can be avoided by the insurance company.

What Is A Bike Inspection?

A bike inspection is a thorough examination of your two-wheeler conducted by an insurance company representative. During the inspection, the overall condition of your bike—including the engine, brakes, tyres, and bodywork is carefully assessed. This helps the insurance company evaluate the risk of insuring your bike based on its current state and potential vulnerabilities. The major documents required for the inspection include the registration certificate, PUC (Pollution Under Control) certificate, insurance policy, and the driver's license. Opting for two-wheeler insurance without an inspection may lead to issues such as fraud or concealment of information, potentially causing problems later. Read this blog to learn all about the bike inspection process.

When is a bike inspection carried out?

Primarily, a bike inspection is made when you buy a two wheeler insurance for the first time. It is not the only time when such an inspection is made. Renewal of your bike insurance policy is another situation when an examination is done. Such verification is done in situations where there is a lapse in coverage for a significant duration. Thus, in the situation of continuous policy renewal, no inspection is required. Further, if there is a change in policy coverage, insurance companies carry out a scrutiny. This is generally done when you upgrade your policy from third party bike insurance to a comprehensive plan. As third-party premiums are regulated by the Insurance Regulatory and Development Authority of India (IRDAI), the premium is fixed based on the engine capacity. However, for comprehensive plans, the age of the vehicle, its insured declared value, the coverage opted, and any accessories fitted or modifications made, are essential considerations to determine the risk for the insurance company. Hence, the verification is also done in the said period. Another situation when an inspection is conducted is when an insurance claim is raised. This is done to verify the extent of the damage to your bike and the estimated cost of repairs. Without the surveyor’s approval, no repairs can be carried out in case of a cashless insurance claim.

What Does A Bike Inspection Include?

A bike inspection covers the following:

1. General Condition: Checking for dents, scratches, rust, and any signs of wear and tear.
2. Engine and Mechanicals: Verifying the engine's health, brakes, suspension, and the functionality of the electrical system.
3. Documents Verification: Reviewing your bike's Registration Certificate (RC) and previous insurance policy documents.

Does vehicle inspection impact the insurance premiums?

Bike insurance helps define the right amount of insurance claim in the following ways:

1. The inspection lowers the chances of a false insurance claim.
2. The probability of an accident reduces when a well-maintained bike is used.
3. An assessment by the insurance company helps to know the exact risk factors, thereby pricing the premium
4. adequately based on the policyholder’s coverage requirements.

What Is the Purpose of Bike Inspection?

Bike inspections help insurers:

1. Set an accurate Insured Declared Value (IDV): This determines the maximum sum they'll pay in case of theft or total damage.
2. Assess potential risks: Inspections help identify problems that could lead to future claims.
3. Prevent fraudulent claims: By verifying the bike's condition, insurers can deter attempts to claim for pre-existing damage.

What is the process of inspection of your bike?

The bike inspection process is simple and straightforward, where the vehicle documents are verified with the actual condition of the bike. Here, the information on the registration documents is checked, photographs from different angles are taken, and any dents and scratches to the bike are noted. In addition, any additional accessories fitted are also taken on record during such inspection. Inspection is an essential process of bike insurance and is primarily done to avoid fraudulent insurance claims and lower the losses for the insurance company. But in addition to that, it has its own advantages, helping you set the right premium for your policy.

List of Things Included in a Bike Inspection Checklist (While the exact checklist may vary)

1. Frame and Body: Inspecting for dents, scratches, rust, or modifications.
2. Engine and Drivetrain: Checking for leaks, unusual noises, and the proper functioning of the clutch, gearbox, and chain.
3. Brakes: Verifying the condition of brake pads, discs, and overall braking performance.
4. Electrical System: Ensuring the proper functioning of lights, horns, and other electrical components.
5. Tyres: Checking for tread depth, wear and tear, and any visible damage.

What Are the Circumstances When Bike Inspection Is Necessary?

Inspections are required under the following circumstances:

1. For new bike insurance policies: 

If you own an older bike or one with significant modifications, insurers may require an examination before providing new coverage. This allows them to assess the bike's current condition and any unique features, ensuring accurate coverage and appropriate premiums.

2. After claiming major damages: 

Insurers will typically conduct an examination when you claim severe damage to your bike. This procedure assesses the extent of the damage to ensure that the compensation accurately reflects the bike's repair needs.

3. Renewing a policy after an interruption in coverage: 

If your bike insurance coverage has lapsed, you will often need to undergo an inspection before renewing it.

Can I Buy Two-Wheeler Insurance Without Inspection?

In many cases, it is possible to purchase two-wheeler insurance without an initial inspection. However, factors such as your bike's age, previous claim history, and the insurer’s policy may later necessitate an inspection. While initial purchases without an inspection are common, the insurer might request one later to accurately assess the bike's condition and determine the appropriate coverage and premiums.

FAQs

Is an inspection necessary for bike insurance? 

Not always, but it depends on the insurer and your specific situation.

What is bike inspection? 

A detailed examination of your two-wheeler to assess its condition.

How long does it take to inspect a bike after claims?

It's usually a quick process, taking around 15-30 minutes.

Is there a limit on the number of bike insurance claims I can raise during the policy period? 

No, but frequent claims can affect your No Claim Bonus and future premiums.

Does Inspection Impact The Bike Insurance Price? 

Indirectly, the bike's condition revealed during the inspection can influence the Insured Declared Value (IDV) and, ultimately, the premium.   *Standard T&C Apply Insurance is the subject of solicitation. For more details on benefits, exclusions, limitations, and terms and conditions, please read the sales brochure/policy wording carefully before concluding a sale. The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions. Claims are subject to terms and conditions set forth under the motor insurance policy.