Bike Insurance

  Ask any bike owner and they will tell you of the many journeys their vehicle has taken them on. From the usual commutes to work to more exciting road trips, your bike is your friend on the road. Regardless of the role your bike plays in your life, it has to be insured with at least a third-party bike insurance policy. If you are buying a bike insurance policy for the first time or renewing it soon, you may be looking to get a lower premium on the policy. Here are 5 ways you can achieve this. 1. Consider buying insurance online  Insurance, like many other products and services in the market, can be bought online nowadays. The chances of you getting a discount on the two-wheeler insurance policy is much higher online than offline. Plus, buying insurance online allows you access to websites where you can compare several policies at once so that you get the best deal suitable to you. It also introduces a new level of convenience to the insurance buying process.   2. Equip ...

  As an avid biker, you probably already know the importance of having a two wheeler insurance policy for your vehicle. Apart from safeguarding you against the possibility of heavy expenses arising from a mishap, insurance also keeps you compliant with the law. After all, it is mandatory to have at least third-party motor insurance for your vehicle in order to be able to ply it on the roads here in the country. Now, if you want a bit more out of your coverage, you can always opt for a comprehensive bike insurance plan. True to its name, comprehensive bike insurance goes a step further to cover your own damages as well as third-party losses in an accident. You also receive coverage from a range of natural and man-made calamities. The best part about these comprehensive policies is that you can opt to enhance them with the help of riders. These riders are add-ons that give you more coverage at a slightly additional cost to your premium. In this article, we will list down 5 riders ...

  Relocating to a new city surely requires a lot of planning and hard work. However, amidst the number of tasks to do, there are a few small, yet important things that need to be taken care of when it comes to taking your two-wheeler along with you to the new city. Let’s take a look at 5 such things that you need to keep in mind with regards to your bike insurance. 1)       Update your existing address - The very first thing that needs to be taken care of when it comes to your two-wheeler insurance policy is the change of address in the insurance company’s records. This is an important thing to keep in mind as in a scenario where you need to make an insurance claim, having the old invalid address will disqualify you from receiving the insurance money. As a general rule of thumb, update your residential address before you begin the process of bringing the bike to the new city.   2)       Register your two-wheeler again - If yo...

  We all are aware of the traditional way of buying a bike insurance policy. You visit the offices of numerous insurance companies, speak with their executives, learn about their bike insurance plans, compare the various policies, and choose one that is best for you. Needless to say, this was a lengthy procedure and took a lot of time. Luckily, that is time that you do not have to waste anymore. This is because today, you do not even have to step out of your house in order to buy a bike insurance policy . You can easily buy this policy from the insurer’s official website. However, there are certain misconceptions that people have with regards to buying two-wheeler insurance policies online. Let us take a look at the most common misconceptions about buying a bike insurance policy online: 1.     You need to be very tech-savvy in order to buy your insurance policy online It is believed that you really need to be an expert with using technology in order to be able to bu...

  It is very important to renew your   bike insurance  on time as it is illegal in India to ride a two-wheeler without a valid insurance cover. However, due to our busy schedules, it can become very difficult to specially take the time and visit your insurance agent physically to get the renewal done. Nonetheless, with the advancement in technology and the tremendous accessibility that the internet provides, it has now become easier than ever before to renew your insurance and that too, from the comfort of your house!   To help you save time and effort, here are 4 really good reasons  why you should renew your two-wheeler insurance online - 1)      Compare different insurance policies  You can easily view the different insurers and compare different policies by conveniently searching ‘ renew two wheeler insurance online ’ on Google. You can even compare the different IDVs quoted by various insurance companies and check the premium they a...

  When buying comprehensive bike insurance, you will be offered a selection of add-ons by the insurer. One such add-on is the ‘return-to-invoice’ cover. Wondering what this add-on is and how it can help you? Read on to discover all about this fabulous add-on and how it can add real value to your bike insurance plan. What is the return-to invoice cover? The return-to-invoice cover is an add-on that ensures that you get paid the original invoice value of your two wheeler in case of total damage / theft. Without this add-on, you will simply get paid the insured declared value (IDV) of your vehicle. With the return-to-invoice add-on, you get paid the on-road cost of your vehicle. That can truly be a huge financial compensation. IDV vs. return-to-invoice cover The IDV is the total amount that you will get paid by your two wheeler insurance coverage in case your bike is stolen or damaged beyond repair. The IDV is generally based on the vehicle manufacturer’s selling price (market value)...

  With the increasing number of vehicles on the road every year, the number of on-road mishaps has also increased. This is more prevalent in urban areas, where there are more vehicles on the road than the number of roads itself. Overpopulation has also put a burden on the transport infrastructure, as well as the unpredictable weather. Potholes, cave-ins, and landslides can be very damaging for your vehicle, especially a bike. To ensure that your bike gets the best financial protection possible from such unfortunate incidents, it would be prudent for you to buy bike insurance . However, it is always better to use the bike insurance calculator to get a better understanding about the insurance you want to buy. We have given below information about this calculator: 1.      What does this calculator do? Buying bike insurance could be a meticulous task. You will have to go through different plans, compare them based on their pricing and what they are offering. This ti...

  India has the highest number of two-wheelers on road in the world. At least one out of three families own a two-wheeler, either a bike or a scooter. For many Indian families, the two-wheeler becomes a primary mode of transport. As the maintenance cost of a two-wheeler is low, it is easier to afford one. However, a higher number of two-wheelers on the road also increases the risk of accidents and mishaps that could take place. This is why it is always better to have yourself insured with a bike insurance policy. If your bike gets damaged in an accident, the policy will cover the cost of the repairs when you file a claim. At times, however, your claim might get rejected by the insurer. Given below are 4 of the most common reasons as to why your bike insurance claim could get rejected: 1.      Using an expired policy Your bike insurance policy comes with an expiry date. It is always better to renew your policy before the expiry date to avoid paying an incr...

  India has the highest number of two-wheelers in the world. It is the most affordable mode of transport for Indian families, especially middle class families. However, due to the high number of two-wheelers, there have been many accidents on the road. These are due to rash driving, overtaking, or driving in the wrong direction.   In a fast-paced world, it is natural for people wanting to cut time by taking shortcuts. However, such short-cuts can be harmful for others around you. This is why it is beneficial to have third-party bike insurance . We have listed below 4 reasons of why you should purchase it: 1.It is mandatory by the law: As per the Motor Vehicles Act of 1988, you need to have third-party bike insurance to be able to ride your bike on the road. Failure to do so could cause you to pay a hefty fine. Your bike could also get impounded by the authorities for not having a valid policy. Also, you should always carry a valid policy, and not an expired policy. 2.Third-par...