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Insurance claim for bike theft what to do
24-Apr-2023 (In Insurance Law)
WHO HAS TO SEND NON-TRACEABLE CERTIFICATE TO THE COURT SO THAT THE COURT COULD GIVE ITS FINAL REPORT U/S. 173 Crpc.
If your bike has been stolen, the first thing to do will be to file a police report. Notify your insurance company as soon as you file the police report, this will help in case the thief has caused some damage to others with your bike.
Also please note, your insurance company will not process your claim if you have not filed a report with the police.
It is also important to inform your RTO of the theft.
When you notify your insurance company, provide them all the details of loan/lease of your bike along with the FIR.
Inform your financier immediately of the theft and ask them to discuss the case directly with your insurer this might expedite the claim process.
In case the police recover the vehicle, inform your insurer about the same.
If the vehicle is recovered, the Insurance company is liable to pay compensation on damages caused to the vehicle as per the terms and conditions of your policy and for stolen items if any, which are
covered under your policy.
If the vehicle is not recovered, the police have to provide a Non-Traceable Certificate (NTC) and the court will have to give a final report under sec 173 Crpc.
So, the insurance company must be asking for final report from the court, so after receiving NTC, the court will give you a final report.
Also please note, your insurance company will not process your claim if you have not filed a report with the police.
It is also important to inform your RTO of the theft.
When you notify your insurance company, provide them all the details of loan/lease of your bike along with the FIR.
Inform your financier immediately of the theft and ask them to discuss the case directly with your insurer this might expedite the claim process.
In case the police recover the vehicle, inform your insurer about the same.
If the vehicle is recovered, the Insurance company is liable to pay compensation on damages caused to the vehicle as per the terms and conditions of your policy and for stolen items if any, which are
covered under your policy.
If the vehicle is not recovered, the police have to provide a Non-Traceable Certificate (NTC) and the court will have to give a final report under sec 173 Crpc.
So, the insurance company must be asking for final report from the court, so after receiving NTC, the court will give you a final report.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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What are the options before the Magistrate when a final report is filed?
The Magistrate has three options. Firstly, it is possible to decide there are no grounds for further action and drop the case. Secondly, it is possible to take cognizance under Section 190(1) (b) based on the police report. Thirdly, the Magistrate may choose to take cognizance...
What is the difference between FIR and final report?
The chargesheet is the report that is submitted at the end of the investigation. An FIR is only filed when the police is informed about a cognizable offence (crime for which a person can be arrested with no warrant, such as murder, rape or kidnapping). 23-Jan-2023
What is final form in court?
On closure, the Investigating Agency must submit a report, commonly known as a charge sheet/final, for each accused, and submit it in court with the charge sheets/final.
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