Insurance

Two Wheeler Insurance: Useful Tips and Facts

If you are new to two-wheeler insurance, do not get traumatized by the jargon as well as terms and conditions thrown at you. Here are a few basic tips and tricks you need to know when entering the world of premiums and covers.

It is true that two-wheeler insurance is made compulsory by law. But staying from any kind of legal matter is not the sole reason why you need to opt for bike insurance. You need to know that you, the other vehicles as well as the public are safe from financial losses, regardless of who is at fault. Having the right insurance ensures you do not have to pay from your own pocket for any damage that occurs. Keeping this in mind, here are a few tips and facts that can help you to understand two wheeler insurance in a better way.

Choosing the right policy

Broadly speaking, you can opt for third-party insurance coverage or go in for a comprehensive cover. Although the Government has made it mandatory to purchase third-party insurance, it looks into the damage caused to a third party. It does not cover costs that are incurred to you and your vehicle. Choosing a comprehensive policy means higher premiums, but it means complete coverage to any third party as well as your own injuries and damage sustained.

Think About Add-on Covers

If you want to customize the bike insurance plan further, you can opt for bike insurance add on covers. You can choose from pillion rider, personal accident cover and daily cash allowance among others. Do not go overboard and purchase every single one of them. Only consider the ones you are actually going to use.

Elements That Are Not Covered By Insurance Policies

Your claim can get rejected if your bike is damaged when you are driving under the influence of alcohol and drugs. Regular wear and tear, as well as mechanical and electrical breakdowns, is not covered by insurance policies. Not possessing a valid driving license or riding your private vehicle for commercial purposes is also a strict no-no. Staged accidents, an expired policy or driving outside geographical limits are also elements that are not covered by insurance policies.

Check Out for the Cashless Claim Benefit

Make certain that the company you are buying the insurance policy from, offers you a cashless claim benefit. In this way, you can get your vehicle repaired and restored at any of the mentioned cashless garages. In this way, you do not have to wait for any kind of reimbursement after the vehicle is repaired. The insurance company directly pays the garage for the costs incurred. You only have to shell out when it comes to paying the excess towards depreciation when it comes to replaced vehicle parts.

You Can Buy Two Wheeler Insurance Online

If you want to save up on time as well as get the most amazing discounts on your two wheeler insurance purchase, you can always head online. Gone are the days when you had to personally head to an insurer to gain a good policy. The process of applying online is simple and helps you get the best deal available. Sitting in the comfort of your home, you can browse through the many policies that exist and accordingly make an informed decision.

Also, check out the No Claims Benefit and when you have to renew your existing bike insurance. Make sure you clear all doubts you have in your mind about the existing insurance and what happens to it if you ever plan on selling your vehicle. It is also important to maintain a good driving record. These are just a few basic tips and tricks you have to keep in mind when it comes to buying two wheeler insurance. All said and done, make sure you compare and contrast various policies, the premiums you have to pay and the coverage offered.

A post by Kidal D. (3322 Posts)

Kidal D. is author at LeraBlog. The author's views are entirely his/her own and may not reflect the views and opinions of LeraBlog staff.
Chief editor and author at LERAblog, writing useful articles and HOW TOs on various topics. Particularly interested in topics such as Internet, advertising, SEO, web development, and business.

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