Online Two Wheeler Insurance

  Relocating to another city in the country can mark exciting new beginnings for you, personally and professionally. However, to make sure things start off on the right note, you would want to ensure that you do thing properly. This might include getting a new job, finding accommodation, and sorting out any general insurance needs, among other things. Now, if you have a bike, you will probably take it along with you too. Afterall, your two-wheeler is not just a means of commute, but a part of you. An important part that symbolizes your passion for riding. As the owner of a bike, you are probably already aware of the importance of having the right documents on your two-wheeler at all times. These include a valid driving licence, PUC certificate, and bike insurance policy copy.  Original Content -  All About Getting An NOC For Your Bike

When you plan on buying a new two-wheeler, whether it is a bike or a scooter; you will want to add many of the latest features to enhance its performance. However, the most important thing that you need to get after buying a bike is a bike insurance plan. It is insurance for your bike that has many features and benefits that will make sure your new two-wheeler is well protected. But most of the time, people say that they’ll buy their bike insurance online to avoid paying any extra fees or hidden fees, and then they get confused if whether they should go for third-party insurance or comprehensive insurance. So here are 4 benefits of getting your comprehensive two-wheeler insurance online : 1.     The process is time-saving Buying new bike insurance in person could be a very hectic process as you have to make many rounds to the insurance office in case of any minor inconveniences that may happen. However, getting your two wheeler insurance online means that whatever ...

The IDV (insured declared value) of your bike is the amount that you receive as compensation from your two-wheeler motor insurance in the event of theft or total loss of your bike in an accident. Such losses can truly be devastating and the reimbursement you receive can go a long way in ensuring you can at least afford a new vehicle or pay back your lender, if the bike was under a loan.   The IDV is one of the most important aspects of your two-wheeler insurance policy. Yet, many bikers do not have much knowledge of what IDV means or how its value is computed. It is extremely essential that you have a thorough understanding of the IDV of your vehicle so that you are able secure the right coverage when buying two-wheeler insurance. If your IDV is set too low, your will receive very less compensation in case of total loss or damage. Now, you might wonder what factors go into the calculation of the IDV of a two-wheeler. In this article, we will take you through the basics of wh...

Insurer Declared Value, or IDV, is one of the most important terms in bike insurance. It might sound like something complex but it is simply the current market valuation of your bike. In case of theft, total, or constructive loss of the vehicle, your insurance company will provide you with the IDV of your vehicle as compensation.   How is the IDV of my bike calculated? If your two-wheeler is less than 5 years old, then its IDV is calculated based on its age and the corresponding rate of inflation as stipulated by the Motor Tariff Act. For instance, if your motorcycle is less than 6 months old, then a 5% depreciation is applicable. This means that the IDV of your bike is 95% of its ex-showroom price. As your vehicle gets older, its IDV decreases. In fact, once your bike is between 4 and 5 years old, the depreciation applicable is 50%. This means that, after just 4 years, the value of your vehicle will be half of its ex-showroom cost! After the vehicle crosses 5 years, it...

  To err is human! We all lose things, misplace belongings and forget where documents are kept. Unfortunately, unlike a misplaced pair of socks, earphones and such other household items, a lost policy document can lead to several issues and even fines. Keeping this in mind, the following article will go over the easy steps you need to take to get a duplicate copy of your bike insurance policy and get back on the road with complete peace of mind! 1. Inform your insurance provider. The very first thing you need to do in case you lose your policy documents is inform your insurance provider. You can do this by calling them up, or visiting their branch. For written proof, you can send an email to complement your verbal intimation. You must inform your insurance provider about the loss of your bike insurance policy, only then will they begin the process to provide you with a duplicate copy. 2. File a First Information Report (FIR). Next up, you need to file a FIR with your neares...

  Your bike is more than just a vehicle you use to zip through traffic. It is a reflection of your style and your passion for riding. Like many bikers, you too probably grew up dreaming of the day when you would own your very own two-wheeler. And, you most likely spent hours scouting for the perfect vehicle before settling on one. It can be a devastating blow to find out your bike has been stolen. The impact of theft is both, emotional and financial. In such a situation, your bike insurance policy can come to the rescue by helping to bear the financial losses you face due to theft. A comprehensive bike insurance policy will compensate you for the IDV (insured declared value) of your vehicle if it gets stolen. However, you need to go about claiming your compensation the right way. This article will give you an overview of what you need to know about filing a claim for bike theft. Steps to follow when making a claim for a stolen bike Here are the steps that you must follow as soon a...