Two-wheeler insurance renewal for your bike is equally important as renewing any other policy. Online bike insurance policy covers any damages caused to a motorcycle or its rider due to unforeseen events like accident, natural disaster or theft.
The best-two wheeler insurance policy safeguards you against any financial loses. You must take in certain factors before going for the policy renewal online. Here are some of the most vital things regarding bike insurance online renewal that you must keep in mind:
Available Bike Insurance Plans
There are 2 types of bike insurance plans available in India from which you can choose:
Third Party Liability Plan: According to the Indian Motor Vehicle Act, every bike owner must possess a third-party liability plan. It provides coverage to a third-party against any damage due to an accident. Note that this plan does not cover any damages to your vehicle.
Comprehensive Plans: A comprehensive two-wheeler insurance plan will cover any damages done to your vehicle plus it will also provide third-party liability cover – this is why it is also known as the package policy.
Additional Covers
Apart from these two basic motorcycle insurance plans, the best bike insurance policy providers in India offer a number of add-ons to their buyers. Here are some of the best add-ons from which you can choose when you opt for your two-wheeler insurance renewal online. You can also opt for add-ons at the time of your first bike insurance purchase.
Zero Depreciation: If you include zero depreciation add-on cover in your two wheeler insurance plan, you’ll receive the full amount of damages due to no deduction of value of your vehicle parts.
Garage Cash: You’ll be benefitted by including garage cash add-on in your two wheeler insurance plan. In case your bike is in garage, this add-on will take care of your commute expenses if you choose this add-on cover for your two wheeler insurance plans.
Roadside Assistance: You can avail roadside assistance add-on cover in your two wheeler insurance plans. You will be provided roadside assistance regarding flat tire, minor repairs, toeing etc. by including this add-on in your two wheeler insurance online plan.
Once you have gained a clear idea about all these above discussed topics regarding two-wheeler insurance renewal in India, you must consider the insurance premium. Since we all want the best coverage, the insurance premium may vary accordingly. Your two wheeler insurance renewal premium depends on a number of factors such as the cubic capacity of engine, age of the vehicle, type of model, geographical registration zone etc.
You can click here https://www.gibl.in/two-wheeler-insurance/ to instantly compare the top bike insurance plans online and avail the best coverage for the best price.