Bike Insurance

  Third-party insurance protects you financially from expenses that may arise due to damages that may be caused to the third party in an accident caused by you. It offers coverage for damages to the vehicle, physical injury, damage to the property, etc. to the third party. Insurance policy providers offer both, third-party car insurance or third-party bike insurance depending on your vehicle. For example, if you are looking to buy third-party bike insurance you can always visit the branch of the insurance company of your choice and register with one of their employees or to make things easier for yourself you can purchase your third part insurance policy online. Here are some of the reasons why you should buy third party car insurance or bike insurance online : 1.        It is an easy process: To buy a third-party insurance policy, all you have to do is visit the website of the insurance company you want to buy a third-party insurance policy from and c...

  It is not unlikely to get into an accident while you are commuting on your bike or scooter. Having two-wheeler insurance keeps you protected from any expenses that may befall you in case of an accident. Bike insurance will keep you safe from any financial impacts that you have to face in case of natural calamities and unforeseeable events. You can purchase motor insurance that you may need either by visiting the branch of your insurance provider or you can buy it online. You can compare quotes on the websites of your insurance providers by providing the necessary details of your vehicle. This way you can insure the insurance policy that is the best for your vehicle.  Since it can be heavy on your pocket to pay for damages by yourself, here are some reasons why you should buy two-wheeler insurance:  1. Financial coverage: Two-wheeler insurance will keep you financially protected from losses that may occur due to accidents or natural calamities. This will help in avoi...

  Is your bike insurance due for renewal? If yes then consider the bike insurance policy options carefully before you buy one from a different company or renew the policy from your existing insurer. Remember that a bike insurance policy is a must to drive your vehicle on Indian streets. So, you must renew your bike insurance policy before it expires. If you are wondering what things to keep in mind when you renew your bike insurance policy, we have compiled a series of points for you to keep in mind. Read on: 1.     Renew the bike insurance policy before it expires Renew your bike insurance policy before it expires. If you do so, you will retain the benefits you accumulated throughout your insurance policy. If the policy validity lapses, you will lose those benefits. It is always good to renew your bike insurance policy at least a few days before the expiry date. If you missed the chance to renew the policy, do not worry. Some insurance companies provide a grace pe...

  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...

  Bikes are one of the most common modes of transportation for many, especially in India. There are, however, many risks involved due to the increasing number of vehicles on the road. This has led to a rise in the number of road accidents, which in turn, has made it even more important to have bike insurance. While there are benefits that you get from your basic insurance policy, you get additional benefits when you opt for comprehensive bike insurance. One such additional benefit is the inclusion of add-ons in your policy. And, listed below are 4 add-ons that you need to have in your bike insurance: 1.       NCB protection cover If you don’t make any claim during the term year of your bike insurance policy , then your insurer provides you a discount on your premium payment for the next term. This is discount is known as a no-claim bonus. You get an initial discount of 20%, and it goes up to 50% if no claim is made for 5 years. However, if you file a claim,...

  Hello there! I would like to answer your question. As per the law, it is mandatory for all vehicle owners to have insurance for driving or riding their vehicle. Through technological advancements, it has become very easy for people to purchase their bike insurance policies online. You can  check bike insurance online  t o make your insurance purchase. If you already have bike insurance and need just the copy then you can follow these steps: Visit the website: The first thing you will need to do in order to obtain your bike insurance copy is to visit the website of your insurance provider where you have bought your insurance from. You will need to log into your account on the insurer’s website in order to access tour information. If you have purchased your insurance policy online then you can use the same login details. If you do not have an account then you can easily sign up on the website itself. Select the type of policy: After successfully logging in you will need t...

  If you are into bikes, you should also know that you cannot take your vehicle out for a ride without having a bike insurance policy. However, while it is only mandatory for you to have a basic third-party insurance policy, there are many policyholders out there who opt for a comprehensive insurance policy. Now, why would anyone want to pay more premium when it is not even mandatory? To answer this question, we would have to dig deeper. Let us learn more about each of these policies and look at their differences. Third-party bike insurance A third-party bike insurance policy is the basic mandatory policy you need to have which covers injury/loss/damage caused to the third party. Basically, your third-party liabilities are taken care of by this insurance policy. For instance, if you are in an accident, your insurance policy would provide coverage for the losses of the third party. However, it would not cover the damages faced by you. Benefits of a third-party insurance policy Help...

  You might have heard friends and fellow riders tell you to always renew bike insurance on time. And, they are right! Allowing your coverage to lapse can prove to be detrimental in more ways than one. In this article, we take a look at a few reasons why it makes sense to always renew your bike insurance plan on time. 1.     You stay covered against financial losses This is definitely the biggest benefit from renewing your two wheeler insurance plan on time. When your plan stays active, you can ride knowing you are protected against the unforeseen. While a third party insurance plan covers you against third party liabilities, a comprehensive plan goes further to cover you against own damages, third party liabilities, natural disasters, and manmade calamities. You can also enhance the protection your vehicle receives by opting for add-ons like engine protection cover and zero depreciation cover. If you do not have an active bike insurance plan, you expose yourself to...

  It can be quite confusing to understand the various terminologies that you come across when buying bike insurance online. One such term that you might not understand is IDV. However, knowledge is power and to acquire the power of being completely financially stress-free in the event of an accident, getting to know your IDV is very important. So, what exactly is IDV? An Insured Declared Value, or IDV, is essentially the market value for your bike in the eyes of the insurer. This is the maximum amount of money you can receive from the insurance company if your bike gets completely damaged in an accident or gets stolen. It is important to keep in mind that your IDV is directly related to the age of your vehicle and the older your bike is, the lesser insured declared value an insurer provides. But why is IDV important? Understanding the IDV is very important as it is directly proportional to the premium you pay for your two-wheeler insurance policy . It is recommended to choose an i...

  Owning and riding a sports bike is no less than an adventure! Therefore, it is quite natural that those who own these bikes would want the best for their precious two-wheeled beasts! So, when it comes to insuring your bike against any unforeseen events, you would want the best  bike insurance  with comprehensive coverage. However, even the most comprehensive policy may not cover certain risks that your sports bike is prone to. Here, add-ons may be of immense help. But which add-ons are suitable for a sports bike? We answer this question in this article.  1. Zero Depreciation add-on Depreciation refers to the gradual decrease in the value of the vehicle as a result of daily wear and tear.  The older your sports bike gets, the more its depreciation increases. Generally, when you raise a claim on your two-wheeler  insurance policy , the insurer takes into account the depreciation value of the bike before paying you the compensation. With a zero- depreciatio...

  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...