Branded content: how to apply for bicycle insurance for a used bicycle? – Functionality


Bicycles are a great passion for many people! They are also the most cost effective mode of transportation as they are inexpensive to buy, operate and insure compared to owning a car. However, not everyone prefers to buy a new bike, and some people may prefer to buy a used bike. There could be many reasons, such as stopping a favorite model, the buyer’s limited budget, or the buyer will be riding the motorcycle hundreds of miles per day for business or office use. In all situations, it remains a legal obligation and common sense to ensure that your used bike is fully insured.

How to transfer bicycle insurance to a used bicycle?

One very important thing that most people forget is that once you have purchased a used bicycle, you must have the bicycle insurance transferred within 14 days of the sale. You will need to contact the vehicle’s insurer and notify them of the sale. The insurance company executive will inform you of the documents you need to submit. Typically this will include:

  • Vehicle registration in the name of the new owner or sales documents if registration is not yet available

  • Proof of address and identity of the new owner

  • Photograph of the new owner

  • New owner’s driver’s license

  • Certificate of pollution under control of the bicycle, if requested by the insurance company

As most people prefer nowadays buy bike insurance online, the transfer is simple and can be done online. Simply log into the portal to upload the new documents and download the updated policy. Some insurance companies allow you to email them all the necessary documents and the company will make the changes for you and send you a revised bicycle insurance policy online via email.

What if you don’t make the transfer?

If you don’t complete the policy transfer, two things can happen. In any case, the old policy for your bike expires 14 days after purchase.

  1. You have not transferred your bike insurance and are stopped by the traffic police. The traffic police will reject the policy issued to the previous owner of the bike. They will treat you like you are riding a bike without any insurance. According to motor vehicle law, you will be sentenced to 2,000 INR and, if the case goes to court, you could be sentenced to around 3 months in prison.

  2. You did not transfer your bike insurance and were involved in an accident or had your bike stolen. The insurance company will summarily dismiss the claim if you have not transferred the insurance. You did not meet the policy transfer requirement, so the previous owner of the bike cannot be held responsible for what was essentially your mistake.

How do I make a complaint about the used bicycle policy?

If you have not yet transferred the two-wheeler insurance online on your behalf within 14 days of the sale of the bicycle, your claim will be summarily dismissed as the policy is now invalid.

If you’ve been smart enough to complete the two-wheeler insurance transfer online, you can file a claim as if you bought a new bike. Simply call the insurance company and let them know about the issue for which you need to file a claim. The insurance company will guide you to a cashless garage or advise you of the process.

IMAGE CREDIT: Subhash Shimbdu


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