Understand these tips to secure your vintage two-wheeler with bike insurance 31st January 2022
When you hear vintage, you instantly associate that with an old yet cherished classic piece. We have seen vintage lovers obsessing over them, from paintings to vases to vehicles. While vintage bikes are a preferred term, we cannot set aside that these items are old and dilapidated.
The vintage bikes are mainly out of production, and finding parts for them can be a tedious task. So how to take care of them? Should you get insurance for them? Here are a few ways to ensure your vintage bike with bike insurance.
Let's look at a few advantages of getting bike insurance for your old two-wheeler:
1. Since it's an old bike, you might face extra costs. Having insurance ensures that you don't bear expenses for the repair and maintenance of your bike.
2. With traffic and motor rules changing regularly, it is good to have insurance to avoid penalties
3. You can hassle-free renew bike insurance online and avail bonuses.
Many factors are considered before providing insurance for your bike. For example, the model, build, design, the conditions in which it is kept, how frequently it is ridden, etc. Ideally, getting a comprehensive cover would be an excellent idea for a vintage vehicle with many additional costs compared to a new bike.
Comprehensive insurance is a shield in case of accident, theft, or damage due to a third party. Moreover, comprehensive cover and add-ons can support you rest assured in the circumstances of natural calamities, riots, etc. Things that you should look out for before buying insurance for your bike are as follows:
1. Coverage:
Since everything is online off late, consider looking for a bike insurance renewal online. Look into various insurance factors and decide what is best suited for your two-wheelers.
2. IDV:
Being aware of the declared value for the current policy year is vital to know the current market value of your vehicle. This is the sum that the insurance will provide in case of theft or loss of the vehicle.
3. Utility of bike:
Since the market value of your bike depreciates every year, understanding how much you can use it will allow you to have an overall idea about the kind of coverage you would want.
4. Understanding your need:
Since you are the best person to determine what your bike needs, it is essential that you know what you expect from it. Do you want to keep it as a souvenir, or will you take it on the road? Insurance companies cater to various needs of the customer, so having a clear idea about what you need will help you understand what kind of cover your vintage two-wheeler needs.
So these are a few ways to ensure the longevity of your bike. With a plethora of options available in the market, having ample knowledge about different kinds of insurance can aid you in choosing the best for you and your bike.
The process of selecting the right insurance can be overwhelming. But with some patience and research, you will find the best options to renew bike insurance online.
Click HERE to renew bike 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.