5 Steps to help you Successfully get Bike Insurance Online


Getting a new bike is an exciting and joyous event. With more accessibility, however, comes more responsibility. As per the Motor Vehicles act of 1988, it is illegal to ride a bike without a basic bike insurance.

                                           

If you are entering the world of insurance for the first time, it could be confusing to understand where to start from and what to look at. However, to give this topic a little clarity and help you pick the right insurance suiting your needs, here are 5 steps to purchasing two-wheeler insurance online -

 

Step 1  - Research for a good insurance company

It is very important to get the right company to provide you with insurance for your bike as you are going to trust them with your hard-earned money in times of peril. A good insurance company has a higher claim settlement ratio and a lower claim processing time. This means that the company would take less time to pay the bill for your repairs and pay it whenever an appropriate need arises without denying you the money for any improper reasons. Companies like Iffco tokio have best claim settlement ration and take very little time to process your claim. It would also help to consider the number of years an insurance company has functioned as the quality and the swiftness of the service is directly proportional to the number of years a company has spent in the industry.

 

Step 2 - Choose between comprehensive and 3rd party insurance

Third-party insurances do not cover the fees for the damages caused to you, they only provide insurance for third party losses and damages. However, comprehensive insurances would cover both, your damages as well as the third party’s damages. Having said that, comprehensive insurances would naturally have higher premiums than third party insurances. Review the advantages of each type and pick the one that suits your needs.


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