Online Two Wheeler Insurance

Third-party bike insurance is essentially the cover for the insured person against any third-party damages that occur in an accident. For instance, if you happen to get in a bike accident and are found liable to pay for the damages of the concerned party, the insurance company pays these charges for you. However, the damages incurred to you and your bike are not covered. To help you understand this type of insurance better, here are 5 things to know about third party bike insurance -  1) It is the most basic insurance requirement for motorists - In accordance with the Motor Vehicles Act of 1988, it is illegal to ride a two-wheeler in India without a valid bike insurance cover. Third-party insurance is the most basic and budget-friendly way to meet this requirement of the law. 2) What does it cover - A third-party insurance relieves you of the financial burden of having to pay for the damages of the other party. It covers you against the property damages of the third party and also

  Ask any bike owner and they will tell you of the many journeys their vehicle has taken them on. From the usual commutes to work to more exciting road trips, your bike is your friend on the road. Regardless of the role your bike plays in your life, it has to be insured with at least a third-party bike insurance policy . If you are buying a bike insurance policy for the first time or renewing it soon, you may be looking to get a lower premium on the policy. Here are 5 ways you can achieve this.                                                            1. Consider buying insurance online  Insurance, like many other products and services in the market, can be bought online nowadays. The chances of you getting a discount on the two-wheeler insurance policy are much higher online than offline. Plus, buying insurance online allows you access to websites where you can compare several policies at once so that you get the best deal suitable to you. It also introduces a new level of conv

As an avid biker, you probably already know the importance of having a two wheeler insurance policy for your vehicle. Apart from safeguarding you against the possibility of heavy expenses arising from a mishap, insurance also keeps you compliant with the law. After all, it is mandatory to have at least third-party motor insurance for your vehicle in order to be able to ply it on the roads here in the country. Now, if you want a bit more out of your coverage, you can always opt for a comprehensive bike insurance plan. True to its name, comprehensive bike insurance goes a step further to cover your own damages as well as third-party losses in an accident. You also receive coverage from a range of natural and man-made calamities. The best part about these comprehensive policies is that you can opt to enhance them with the help of riders. These riders are add-ons that give you more coverage at a slightly additional cost to your premi

We all are aware of the traditional way of buying a bike insurance policy. You visit the offices of numerous insurance companies, speak with their executives, learn about their bike insurance plans, compare the various policies, and choose one that is best for you. Needless to say, this was a lengthy procedure and took a lot of time. Luckily, that is time that you do not have to waste anymore. This is because today, you do not even have to step out of your house in order to buy a bike insurance policy. You can easily buy this policy from the insurer’s official website. However, there are certain misconceptions that people have with regards to buying two-wheeler insurance policies online. Let us take a look at the most common misconceptions about buying a bike insurance policy online: 1.     You need to be very tech-savvy in order to buy your insurance policy online It is believed that you really need to be an expert with using technology in order to be able to buy a bike insur

There are several jargons that you are bound to come across when buying a bike insurance policy. One such term is the IDV which stands for Insured Declared Value. This is one of the most important aspects you need to keep in mind before purchasing a two-wheeler insurance policy. Let us find out what the IDV is and why it is important. To know why you need to consider the IDV while buying a bike insurance policy, you need to understand its basic concept. The IDV is the maximum amount of money that an insurance company will be paying the policyholder in case of theft or total damage to the two-wheeler. This would be the highest amount that the insurance company would pay in case you need to make a claim. As you would want to get the most out of your  scooter insurance  coverage, the IDV is definitely a figure of extreme importance. How is the IDV calculated?              When you are looking to buy or renew a bike insurance policy, the IDV of your bike will generally be calculated by a

  There’s a chill in the air and the mornings are crisp. Winter has finally arrived.  What better way to enjoy the wintry weather than by going on a ride with your bike? You may already have planned out the journey, or maybe you are the spontaneous type. No matter which kind of ride you are undertaking, your bike is going to be your most important companion and you must ensure that it stays safe and insured under any circumstances you come across while on the road. Here’s where comprehensive bike insurance can come to your rescue.  In this article, we are looking at why comprehensive bike insurance is essential as well as beneficial for your long winter ride.                                                                               Holistic coverage against several dangers of the road  Riding a bike on the road comes with its own share of risks and uncertainties. Even though you may follow all the rules of riding, there are many things not within your control. A comp