Buying Two-Wheeler Insurance? 5 Things You Should Be Aware Of

by Kanika Shelatkar Insurance Consultant

Automobiles are need of the hour, and in modern times, they have become more of a necessity than a luxury. And with every automobile purchase, insurance goes hand in hand. Bike insurance is essential for the general safety of the rider and the bike. With the right kind of insurance and cover, you can make sure that your bike is protected in any road accident, and financially cover for the damage as well.

However, there are a few things every bike owner must keep in mind, before applying for online bike insurance or before renewal:

Compare policies

You must compare plans before applying for bike insurance renewal or picking the program that is right for you. When you compare policies, you gain clarity of the benefits that each policy provides, and you can choose the one which suits you and your two-wheeler needs the best. Comparing policies gives you great insights into the current insurance market and prepares you for what to expect from insurance policies. If you have missed out on comparing your insurance earlier, then you can always do it before renewing your policy.

Read policy inclusions

There are many inclusions and exclusions that two-wheeler insurance policies detail, and additional riders that you may want to add to your current policy scope. You must read through the offerings in detail. See if there are any pre-checked riders that you may want to exclude or other benefits you are looking to add to your online bike insurance policy.

Know your premium

One of the biggest concerns policyholders often have is that of insurance premium, and this is what makes it one of the essential factors in picking the right plan. You must also remember during your two-wheeler insurance renewal that if you have not claimed anything, then providers often offer a deduction in your policy while renewing.

Opt for insurance online

Nowadays, everything has become easier, faster and better, thanks to the internet! If you are seeking a quick comparison of insurance policies and find one that suits your automobile the best, then you should start viewing online. Gone are the days when brokers and agents use to be instrumental in purchasing insurance policies. You can now get rid of the middleman, and pay no commission, by directly opting for online schemes.

Check for feasibility and convenience

The insurance is vital when you want to claim for any accident or damage your bike has undergone. Be sure about the ways you can reach out to your providers. In times of emergency, when you need to reimburse the insurance policy, it comes in handy when the provider is easily reachable. Even when it comes to renewal, you would ideally want it to be with a provider that is easily accessible for you.

Make sure your hard-earned money gets invested in the right place by following these tips before you purchase or renew your two-wheeler insurance.