Why is it better to buy bike insurance online?
Amongst most of the middle-income groups, bikes
are the ideal vehicle choice. They are used extensively in cities where public
transportation systems are less frequent. All two-wheeler owners must adhere to
the Motor Vehicles Act of 1988 and hold a third-party liability cover
compulsorily. You could choose a comprehensive plan, but that is optional. Nowadays,
it is easier to buy
two-wheeler insurance online owing to the quick process and convenience.
Following are more such reasons –
Comparison of insurers
When you decide to buy two-wheeler
insurance, it is imperative to compare different insurance companies. Every
company have their pluses and minuses for which the details are available
online. You can check the consumer reviews, claim settlement ratios, and find
their reputation and level of service, by doing the research online. Buying the
policy online allows you to do a thorough study and land a better deal instead
of opting for a provider and plan suggested by your bike dealer or third-party
agents.
Fits the budget
The moment you opt for online policies, you
give yourself the chance to choose a plan that suits your requirements. You
make unbiased, well-researched decisions whether you need a comprehensive or
basic third-party liability one. Many insurers offer almost similar plans, but
the add-on differs, and the associated costs also are different. Make sure the
bike insurance policy you opt for offers optimum coverage.
Recommendations and commissions
There are many agents selling two-wheeler
insurance, and they charge a commission for the same. This adds to your actual
cost. Moreover, agents are biased and suggest expensive policies which help
them receive higher commissions. Agents also do not understand the client
requirement and could recommend a policy which may cost a lot but offer minimum
coverage. Hence, it is better to buy a policy online than paying higher
commission to an agent who is unaware of the clients' needs.
Insurance buying process
The process of buying two-wheeler vehicle
insurance online is hassle-free. Once done comparing different insurance
companies, visit their website. Fill necessary details like name, contact
number, and enter the vehicle number, make, model, and year of manufacture. Select
the type of insurance policy you desire and the riders, which provides
additional protection. Once the details are added, pay for the policy either
through net banking or credit/debit card.
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