Online Two Wheeler Insurance

Your bike insurance policy will protect you against losses that you incur due to unforeseen circumstances such as accidents, theft, or natural disasters. While there is little that can be done to help you with the emotional trauma of losing the vehicle you love, your two-wheeler motor insurance policy will at least save you from financial distress. While your bike insurance is there to back you up, it is important that you file your claim correctly. Making a few mistakes in the claims process could possibly affect the outcome. Now, while we renew insurance coverage every year, we do not actually make claims as frequently. In fact, you may make your first claim after many years of having coverage. Thus, you might not be aware of the steps involved in filing a claim and end up making a few errors that can cost you heavy. To help guide you on the right track, we have listed out 4 mistakes you absolutely must avoid while raising a cl...

  It is mandatory for every two-wheeler to have a basic third party insurance coverage to be able to ply on Indian roads. Now, if you are planning to sell your bike and get a new one, you may wonder what happens to the insurance coverage on it. Afterall, there are probably still a few months left on your bike insurance plan before it expires. In such a situation, you may choose to cancel the policy or simply have it transferred over to the new owner’s name. It is quite likely that the person who purchases your bike would want to transfer over the insurance coverage. This would save them from the hassle of searching and buying a new bike insurance policy. In this article, we will take you through an overview of what you must know about transferring your bike insurance policy. The process of transferring bike insurance If you are transferring bike insurance for the first time, you might have a few questions about how it’s done. Here is a quick look at the steps involved in the...

IDV stands for ‘insured declared value’ in motor insurance. In simpler words, the IDV indicates the market value of your two-wheeler. It is an extremely important aspect of bike insurance and one that you have probably heard people - especially insurance agents – talk about. Now, if you are about to buy your very first two-wheeler, there is a lot you probably don’t know about insurance. This might include a lack of knowledge on IDV too. In this article, we aim to help you by listing out 5 important things you need to know about the IDV in bike insurance . 1.     The IDV is not the same as the total cost of your two-wheeler The IDV in your bike insurance is calculated as the current market price of your bike less the depreciation that its parts have gone through. The IDV does not include the other charges you paid to own your two-wheeler such as the road tax, registration charges, and insurance premium. 2.     The IDV may vary between bikes of the same...

  Buying your first two-wheeler can be pretty exciting. You probably can’t wait to take your bike out on long trips over the weekend or post selfies with your ride on Instagram. But before you head out, it is important to get your bike insured. Now, buying insurance might be confusing if you are doing it for the first time. You may have many queries that need answering. You’re not alone; a lot of other new bike owners too have similar doubts. To help you out, here are the answers to 5 questions buyers normally have about two wheeler insurance .   1.     What is my bike’s IDV and how is it calculated? IDV stands for the ‘insured declared value’ of your bike. The IDV figure is calculated based on your bike manufacturer’s current estimated market value of your vehicle minus depreciation. Any extra charges that you have paid to own your bike – such as road tax and registration costs – are not included in the IDV. The IDV is important as it is the amount your two-whe...

A bike is more than just a means of transport. We spend days, or perhaps weeks, scouting for the perfect model that is high on performance and a head-turner on the road.   And, we want all of this and more within a price that suits our pocket. Now, buying a second-hand bike might help you save a lot on the cost of affording a two-wheeler. Yet, you also need to ensure you get value for the price you pay. In order to guide you in the right direction, we have listed out 5 key tips to keep in mind when buying a used bike. 1.     Research the make and model Before buying a used bike, make sure to do a bit of research about the make and model you are considering. Check whether this particular model was known for any major flaws. Read up reviews by other bike owners who own the same model you want to buy. This research might take a bit of time but, it will be hours well-invested. 2.     Get the vehicle inspected Before buying a bike, always get the ...

Is your bike insurance due for renewal? If yes then consider the bike insurance policy options carefully before you buy one from a different company or renew the policy from your existing insurer. Remember that a bike insurance policy is a must to drive your vehicle on Indian streets. So, you must renew your bike insurance policy before it expires. If you are wondering what things to keep in mind when you renew your bike insurance policy, we have compiled a series of points for you to keep in mind. Read on: Renew the bike insurance policy before it expires Renew your bike insurance policy before it expires. If you do so, you will retain the benefits you accumulated throughout your insurance policy. If the policy validity lapses, you will lose those benefits. It is always good to renew your bike insurance policy at least a few days before the expiry date. If you missed the chance to renew the policy, do not worry. Some insurance companies provide a grace period of, say, 45...

You finally go ahead and get the dream bike that you always wanted. That’s great! Now, the next step that you need to think about is getting it insured by a good insurance company. It is also important to know that the Indian government has mandated every bike owner to buy a bike insurance policy before driving their two wheeler on Indian roads. This insurance policy will cover your bike and its riders against any unwanted consequences (based on the type of policy you opt). In this blog, we will tell you about the basic things you need to know about a two-wheeler insurance policy.  1. Types and coverage of this insurance policy This insurance policy is usually of 2 types: a. Third party insurance This insurance policy is a basic policy that is mandatory as per Indian law. It offers limited coverage, that is, it covers your liability towards damages caused to the third party in case of an accident where you are at fault. It also covers the cost of hospitalisation, or temporary/...