If you’re new to bike insurance, you should learn about it to choose the best coverage for your needs and budget. Here’s our advice for first-time bike insurance buyers:
- Select an appropriate insurance provider.
Choosing the right insurance company can be just as crucial as purchasing the right motorbike insurance policy. In addition to providing an insurance policy, the bike insurance company also offers various related services. Visit the company’s online page for two-wheeler insurance to read about the various services offered.
Customer reviews help you choose an insurer. Social media platforms also now have user experience ratings. Check out Bajaj Allianz Bike Insurance for your two-wheeler.
- Be prepared for the specifics.
Buying two-wheeler insurance online may be the quickest and most convenient method to insure your bike. After selecting a motorcycle insurance provider, you should have enough information about yourself and your motorcycle.
Your bike insurance premium depends on its cubic capacity, manufacturer, model, and year of manufacture. Bike invoices contain these details. The Regional Transport Office requires a copy of your motorbike insurance when registering. Thus, you must have your registration number.
- Choose the proper policy category.
Two-wheelers can be more accident-prone than four-wheelers. A comprehensive bike insurance policy could put your mind at ease. It offers protection against third-party liabilities and own damage. Additionally, coverage can be expanded with the aid of add-ons.
Comprehensive motorbike insurance may be recommended but optional. India offers third-party bike insurance online; It, however, does not cover bike or accessory damage. To know more about the different categories within bike insurance, check online.*
- Don’t lower the IDV.
IDV stands for Insured Declared Value. It is an estimate of your bike’s current market value. This sum may be used as a reference if your bike gets stolen or irreparably damaged. A reduced IDV could lower the insurance premium. It can be essential to observe that a lower amount can also result in a lower claim amount. *
- Choose the required add-ons.
It can be easy to be excessive when selecting accessories for a new bike. Remember that each add-on increases your bike insurance premium. A key to avoiding this includes assessing your needs and choosing the add-ons that explicitly meet those needs. If you travel the motorcycle alone most of the time, you can avoid purchasing a Pillion Rider Add-on. Roadside Assistance, Zero Depreciation Insurance for two-wheelers, Return to Invoice, etc., are other popular Add-ons. *
- Read the policy manual.
Perusing the full policy document is prudent when purchasing bike insurance online in India. As a policyholder, you should know your policy’s inclusions and exclusions. Also beneficial is reading the terms and conditions and the fine print.
It’s crucial to ensure your new bike and renew it. Compare other policies with Bajaj Allianz Bike Insurance to make an informed decision.
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*Standard T&C Apply.
Insurance is the subject matter of solicitation.’ For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
