5 Things to Look for In a Company during Your Bike insurance renewal

Two-wheeler insurance has become extremely comfortable in India. With the recent onset of technology and other advancements, we can now renew our bike insurance while sitting in the comfort of our homes. Here are five things you should keep in mind while renewing your bike insurance. 

Two-wheeler Insurance is the answer to all your worries regarding a two-wheeler. Generally speaking, two-wheelers are more dangerous than cars and thus come equipped with their own sense of risk and fear. 

Hence bike insurance is the answer to all your worries as well as the reply to things that might arise due to a bike mishap in the future. 

In case your bike insurance has expired, you can use online services to get an entirely new policy for your two-wheeler. Here are five things you should keep in mind during your bike insurance renewal.

Almost each and every two-wheeler insurance includes cover for the rider as well as the co-passenger or just the rider, depending on the type of bike insurance that you opt for. 

Though the insurance cover varies for the two passengers, it becomes important to know what exactly your insurance policy covers. Most policies offer full cover for the rider, during the riding, mounting, and dismounting of the two-wheeler. While co-passengers are offered a range selective cover and total cover, depending on the insurance policy, you choose. 

It is very important that you know about the policy period of the insurance that you would be renewing. The date and time of the start and end of the policy are highly valuable and will help you decide and differentiate between different policies.

There are several insurance policies out there that will cover the most bizarre of things to attract customers. But here are some mandatory terms that should be included in every policy that you might choose for your two-wheeler. 

• Loss or Damage to the vehicle due to natural calamities like rockslide, landslide fire, explosion, self-ignition, flood, earthquake, lightning, etc. 

• Loss or Damage to the vehicle due to man-made calamities like accident due to outside means, terrorist activity, burglary, theft, riots, strikes, malicious acts, etc. 

The more, the better. Network garages will help you file a claim and get you cover at the earliest as the garage would already be in touch with your bike insurer. On the other hand, a company with very few network garages might prove to be a hassle, and it may take you months to get your cover from them. 

Most insurance companies out there offer a No Claim Bonus to all of their loyal customers. A no claim bonus is a bonus amount or offer that helps you reduce the cost of your insurance premium by up to 50%. One can apply for No Claim Bonuses only and if they have not asked for a claim during the entire insurance period. 

Two wheelers are riskier vehicles with minor safety features compared to cars. To prevent financial risk due to future mishaps and hassles, bike insurance renewal becomes a must for every bike owner. Although most policies might look the same, there are still significant differences in the cover that they might be offering. The tips mentioned above will help you chose the right insurance company when renewing your bike insurance.

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