How To Choose The Best Two Wheeler Insurance Policy In India
A two-wheeler is most owner’s prized possession. It gives you the freedom to make your way into the lanes of your city as well as reach out to new opportunities. This sense of freedom should be protected. The best way to protect it is to buy a two-wheeler insurance policy. This policy protects you and your bike against any losses arising from natural calamities, man-made disasters and accidents. The government requires every two-wheeler owner to buy third-party insurance. Third-party insurance is simple. But if you want to buy comprehensive motorcycle insurance online, here are a few tips:
Choose the right coverage: You can choose from a long list of optional covers in your two-wheeler insurance policy. While the basic plan covers your two-wheeler and third-party liability, these benefits can give you comprehensive coverage. From personal accident cover to pillion rider cover, enhanced cover for accessories, etc, you can customise your plan to the fullest. These add-on covers are included in your policy for an extra premium. So, choose only those which are extremely important to you.
2. Buy the Policy Online: Online buying and maintaining a two wheeler insurance policy is easy. You can look for a policy that meets your requirements on the internet. Compare them online. Buy and pay their premium online too. All your information is available for your access at any time. So, registration and renewal of two-wheeler insurance online are much quicker.
3. Compare Policies: When you buy bike insurance online, you get the option of comparing multiple policies. It gives you the benefit of comparing their advantages and disadvantages so that you can make an informed decision. You can select up to 4 bike insurance policies online at a time and click compare. It will lead you to a comprehensive table which lists all the benefits of your shortlisted policies. You can take your time and choose the best one for you and your family.
4. Look for Discounts: Many insurance companies roll out offers and discounts from time to time. Due to the stiff competition in the market, you can get yourself sturdy bike insurance on a low premium. Also, The IRDAI approves of several discounts on the purchase of a two-wheeler insurance policy on selected grounds. For example, if you are a member of an automobile association, have an anti-theft device installed, etc, can get you some great discounts. If you have a previous NCB, you might receive some concession.
5. Do a Background Check on the Insurance Company: Check the insurance company’s credibility. Ask for their claim-settlement score. A steadily high score ensures that your claims will not be wrongfully rejected. Look at their solvency ratio. This number tells you whether the company will be able to afford your claim reimbursements. Find out about their claim processes and how accessible they will be when the need arises. Dig deep into their reviews.
Taking care of a two-wheeler is easy and also cost-effective. And it gets easier with a solid bike insurance policy.
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