If and when you ever need to file a claim for your bike in the event of larceny, know that your bike insurance company can and can likely require you to submit both bike keys.
This led us to a further query that we believe merits a thorough discussion and answer. The question is identical to the title: Can two-wheeler insurance online providers deny claims for a stolen bike if the owner does not have both keys? If yes, how so? Whether you’ve been pondering it yourself or have just been introduced to the topic, fasten your seatbelts because we’re about to answer a question about auto insurance that is generally disregarded but still vitally essential.
If you need to file a 2-wheeler insurance claim for your bike in the event of larceny, know that your insurance company can and can likely require you to submit both bike keys. In case you forget, automakers provide a set of keys with every new vehicle purchase. Even though the country’s regulations do not mandate the submission of both keys when filing an insurance claim for a stolen vehicle, insurers are known to require the vehicle owner to submit both keys before processing the insurance claim. Failure to provide both keys frequently results in the claim being denied.
While a bike insurance policy covers vehicle larceny, it does not include coverage for negligence. Therefore, by requiring owners to submit both keys, the insurance company seeks to ensure that the theft was not due to the owner’s negligence. Insurers are attempting to ensure that the vehicle’s owner did not leave the keys inside, making it an easy target for theft.
Therefore, if the bike is stolen when the keys are left in the vehicle, the proprietor is negligent because they are expected to take every reasonable precaution to protect their vehicle. Therefore, the insurance company is not obligated to honour your right to claim bike insurance. Hence, submitting both bike keys helps demonstrate neither negligence nor an attempt to defraud the insurance company.
When filing an insurance claim for a stolen vehicle, it is essential to provide both keys as requested by the insurance company. Although it is not a legal requirement in many nations, insurers typically require both keys to ensure that the theft was not the result of proprietor negligence. By requesting both keys, insurers seek to ensure that the vehicle’s owner has not left the keys inside the vehicle, making it an easy target for thieves.
The insurance claim may be denied if a vehicle is stolen due to the proprietor’s negligence. Submitting both keys helps establish that no negligence or deception was committed against the insurance company. When filing a claim for a stolen bike, it is crucial to grasp and comply with the insurer’s requirements. Additionally, it is prudent to consider bike insurance and, specifically, bike key insurance to protect against losses associated with lost or stolen keys.
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