Two wheeler insurance renewal for your bike is equally important as purchasing one. Online two wheeler insurance policy is referred to an insurance plan that 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 safeguards you against any financial losses. You must take in certain factors before going for two wheeler insurance renewal online. Here are some of the most vital things regarding two wheeler insurance online renewal that you must know.
Third Party Liability Policy: According to Indian Motor Vehicle Act, every bike owner must possess a third party liability plan. This two wheeler insurance plan provides relief to any third party. You should know that third party two wheeler insurance online plans does not cover damages to your vehicle.
Comprehensive Policy: A comprehensive two wheeler insurance plan will cover any damages done to your vehicle. When you apply for a two wheeler insurance online plan in India, you will get the third party liability plan by default. You can always opt for comprehensive two wheeler insurance plans in addition to your third party liability cover.
Add-ons: 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.
No Claim Bonus: No claim bonus is offered as an add-on by two wheeler insurance online companies in India. If you do not make a claim over your policy term, you will be eligible for no claim bonus at the time of your two wheeler insurance renewal.
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.
Roadside Assistance (RSA): 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.
Garage Cash: You’ll be benefitted by including garage cash add-on in your two wheeler insurance plan. In case your bike is in the garage, this add-on will take care of your commute expenses if you choose this add-on cover for your two wheeler insurance plans.
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https://www.gibl.in/two-wheeler-insurance/