The know-how of two wheeler insurance policy you must consider 05th August 2022
Purchasing a bike is not an easy task. It would be best if you had a lot of time to do the market survey, finalise your budget, see which models fit your budget, explore and compare the features you require, gather the funds, seek information about the loan, and choose the best option and then begin the process.
All these things require considerable time, money, and effort. And with insurance, the information seems never-ending. Also, you need to ensure that you know sufficient knowledge to help determine which insurance policy would suit your needs.
We will shed some light on the know-how of bike insurance policies catering to your needs and help you gain better insights on how you can get one. So, let's get started.
1. Why do you need a two-wheeler insurance policy?
Accidents come without warning, so you must purchase insurance that protects you and your bike from unfortunate situations. A Ministry of Road Transport and Highways report revealed that over 158,964 road accidents of two-wheelers were reported in India in 2020, causing over 56,000 deaths. This alarming figure demands the need to buy a robust bike insurance policy to protect you and your bike from such potential threats and uninvited damages.
You must have a valid driving licence and original insurance documents to ride legally on Indian roads as per the Motor Vehicles Act 1988. It is advisable to compare 2 wheeler insurance online and explore different options before concluding a policy.
2. Have you asked your insurer to customise your two-wheeler insurance?
Were you aware of this fact? If not, then now you do! We know that the insurance sector has started inculcating options for personalising their policies to help the customers get the best out of their insurance. There are several options of add-ons available to choose from, making your insurance plan more customisable.
3. Do you know that a basic insurance policy does not cover the engine?
You will be surprised to discover that your bike's engine is exempted from insurance benefits. Fret not! You can still protect the engine by buying the "bike engine protect" add-on to your existing insurance.
4. Your insurance policy can also provide you a legal protection.
A good insurance plan also covers you under natural calamities, accidents, theft, and vandalism. These insurance plans have several options for add-on coverage and other choices, which allow the companies to personalise their insurance benefits according to their audience type. This also includes covering damages to third-party and avoiding the risks of legal actions or hefty penalties.
5. Did you compare your 2 wheeler insurance online?
Make the best use of technology and compare different two-wheeler insurance plans online with just a few clicks. But, carefully read all the terms and conditions before proceeding to payment. Understand the benefits thoroughly to calculate the return on your investment.
6. Have you picked a reputed insurer?
There are several advantages to purchasing the insurance policy from a reputed firm. Looking for a trusted insurance provider should be your first step. You can decide this by analysing the company's claim settlement ratio and its customer base.
7. Don't forget to read online reviews.
Reviews are the best way to get an overview of the company, its process, and customer relationship. These can help you make an informed decision and learn more about the company's services.
bike insurance
to choose the right two-wheeler insurance policy. Life is chaos, and everything else is arbitrary. But, it would be best if you had something to fall back on if you find yourself in a difficult situation. Insurance keeps you stress-free financially and helps you fix the problem and get your vehicle repaired in case of severe damage.Now, finding the best deals for buying insurance is easy with digital platforms of insurance providers. With a digital device and stable internet, the entire insurance buying process can be done in just a few clicks. By purchasing 2 wheeler insurance online , you considerably save time and money and are, in return, promised seamless services. Everything can be done hassle-free and without the involvement of any intermediaries, from making claims to paying premiums.
Click HERE to buy 2 wheeler insurance online.
Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.