Two wheeler insurance is an important part of your life. You love your bike a lot, every weekend you clean it and go zooming in it all around the city for rides or different part of the country. But, you should also keep your two-wheeler safe and secure. The best way to protect your prized possession would be insuring it with a suitable bike insurance policy.
Bike insurance policy provides an individual with financial protection against physical damage, theft and third party damages. Proper road conditions and no driving ethics are two major reasons for accident and damages prone to such incidences. This two-wheeler cover acts as a savior during an unexpected incidence whether its accident, natural or man-made incidences.
The insurance market has changed a lot since the inception with customized and innovative policies being introduced each day by the firms. They come up with a range of features to lure potential customers and retain the existing customer and ensure they continue with them for the valued business. With internet based facilities owning a two wheeler cover has become quite simple and hassle-free. You can compare policies and purchase the right one at the click of the button on your laptops or smartphones. You can buy policies anytime and anywhere while on the move or from the place of your conveniences such as home or offices. You can save up to 30 to 40% on your premium costs by comparing quotes online.
Some key benefits of bike insurance policy online are as follows: Get comprehensive and liability cover, quick and simple buying process, optional cover, discounts through online deals, quick registration for online purchase, easy claim settlements.
It is advisable that you must read your policy documents thoroughly and understand the policy terms and conditions, inclusion/exclusion, well before signing or buying any insurance policy. Also, while renewing go through the terms and conditions check if they are changes in the clause mentioned in the policy documents.
While calculating the premium for your two-wheeler cover it’s the IDV (Insurer Declared Value) that is used to quote the cover value. It's applicable only for comprehensive policies because third party liability insurance is quoted on basis of vehicle category.
Most people choose lower IDV to reduce the premium costs. But do remember that at the time of claim processing your insurance company will evaluate vehicle age.
Previously there was a lot of ignorance towards bike insurance purchase or renewals owing to their busy schedule. Keeping these factors in mind, some two wheeler insurance India companies have introduced multi-year insurance policies. This way you can buy policies for a period of two to three years. You can save enough money on premium costs.
There are online aggregators sites that will not only help you purchase the bike insurance policy of your choice but will assist in you comparing best deals. It enables bike owners to insure their two-wheelers without the physical presence at the counter or branches or meeting bike insurance agents.
Buying a suitable insurance policy will help stay away from the financial losses borne out of unexpected accidents, third party damage, losses due to man-made and natural incidences. It offers you the right financial aid when you are in dire needs of money.