Renewing your two-wheeler insurance policy? This quick guide can help you!

 

If you are about to renew your bike insurance policy for the first time, you may need a bit of guidance. In this article, we list down the different methods of two-wheeler insurance renewal to help you out. No matter which insurance company you go to, the process usually is standard throughout. Let’s take a look -

Two-wheeler insurance renewal

You can opt to renew your two wheeler insurance in one of the following two ways:

Offline

This is the traditional method of renewing your bike insurance policy wherein you would have to visit the insurance company’s office and talk to one of the insurer’s executives about their insurance plans. You then pay a premium upon which they would hand over a printout of your renewed policy documents and your payment receipt.

However, you can also renew your two-wheeler insurance policy by getting in touch with an:

1.    Insurance agent

An insurance agent is trained and licensed to help out with any queries that you might have as a policyholder. If you are not comfortable with digitally renewing your policy, you can get in touch with an insurance agent who can help you out with the policy renewal.

2.    Insurance broker

Many might confuse an insurance agent with an insurance broker; however, each one has a different role. While an insurance agent has a contract with insurancecompanies and is looking to sell their policies, an insurance broker is more focused on the policyholder’s needs. Now, there are two different types of insurance brokers. One is the captive broker, who has a contract with on specific insurer. The second is the independent broker who can show you a wider variety of insurance products.

Online

This is the method that most policyholders choose to go with. This is because this method is much more convenient as you can pay for your policy and get it without even having to step out of the comfort of your home. In just a few simple clicks, you can get your policy on email. You can also complete the payment of your policy online via Debit or Credit card, NEFT, and so on. 





Original Content :- Renewing your two-wheeler insurance policy? This quick guide can help you!




Comments

Post a Comment

Popular posts from this blog

Did you know that a Comprehensive Bike Insurance Policy has EXCLUSIONS too?

Image
  You might be extremely confident of your control on the bike, but you can never be sure of how the other riders and drivers are on the road. In such cases, getting financial coverage for yourself and your bike is a must. This is why so many riders opt for comprehensive bike insurance policies, even though they are not mandatory like third party coverage. A comprehensive bike insurance plan covers your bike from own damages as well as damages caused by manmade or natural disasters. You can also customise this plan by including various add-ons as well. However, there are certain things that a comprehensive bike insurance plan does not cover. It is also important for you to be aware of these things so that you are sure about the coverage of your plan. So, let us take a look at the exclusions of a comprehensive bike insurance policy : 1.     Damages caused by the rider under the influence of alcohol/drugs   Any rider driving under the influence of alcohol...
Read more

Here is what you need to know about a bike insurance policy

Image
  You finally go ahead and get the dream bike that you always wanted. That’s great! Now, the next step that you need to think about is getting it insured by a good insurance company. It is also important to know that the Indian government has mandated every bike owner to buy a bike insurance policy before driving their two-wheeler on Indian roads. This insurance policy will cover your bike and its riders against any unwanted consequences (based on the type of policy you opt). In this blog, we will tell you about the basic things you need to know about a two-wheeler insurance policy.   1.     Types and coverage of this insurance policy This insurance policy is usually of 2 types: a.        Third-party insurance This insurance policy is a basic policy that is mandatory as per Indian law. It offers limited coverage, that is, it covers your liability towards damages caused to the third party in case of an accident where you are at faul...
Read more

Here are 4 Exclusions of the Commercial Vehicle Insurance

Image
  There are various kinds of commercial vehicles that are utilized for various purposes. Trucks are utilised for the transportation of different types of goods and services. Buses and taxis are utilized for the transportation of people starting with one spot then onto the next. Vehicles like cranes, rollers, or cold storage vehicles are utilized for particular purposes. One thing which is undeniable, nonetheless, is that these vehicles cost a great deal and damage caused to these vehicles could hamper you monetarily and impact your business. Therefore you ought to get motor insurance for your commercial vehicles. The commercial vehicle insurance not only protects your vehicles, it also safeguards your business. However, there are exclusions in this insurance that you should be aware of. Listed below are 4 such exclusions of the commercial vehicle insurance: 1.       Vehicle associated with illegal activities Assuming the commercial vehicle that you o...
Read more