A Few Question You Must Ask before Buying or Renewing Two Wheeler Insurance Policy in India

TWO-WHEELER INSURANCE ONLINE

When it comes about two wheeler insurance, you generally choose the one your friend is using or depend on the commercial of the two-wheeler insurance company you have seen on TV the most. This is certainly not a good idea for buying two wheeler insurance online. Because all two wheeler insurance companies in India have varying rates and differ in everything from coverage to claim settlement ratio.

Every owner of a two-wheeler knows that it’s mandatory to have two wheeler insurance in India. Buying two wheeler insurance online can be tricky at some point. Best two wheeler insurance policies can offer you the best coverage, but still, there are some questions regarding two wheeler insurance plans that you should ask before buying one. Below are some of the most important questions that you must ask before buying two wheeler insurance online in India.

• How Is the Value of My Two Wheeler Determined?

The value referred here is termed as Insured’s Declared Value (IDV) which is the maximum amount your two-wheeler insurance provider will compensate in case of total loss or theft of your bike. The IDV for your two wheeler insurance is generally calculated on the basis of the manufacturer’s listed selling price. You should remember that IDV is directly linked to the premium of your two wheeler insurance policy. The higher the IDV, the higher premium for the two-wheeler insurance online policy you have to bear.

• Why Should I Buy the Two Wheeler Insurance Online?

When you buy bike insurance online it is flexible, time-saving, convincing and smart. You will get the user-friendly interface to compare different two wheeler insurance plans available in India and choose the best two wheeler insurance that is suitable for you. When you buy two wheeler insurance online, you can avail the assistance from efficient advisory team to help you with any queries you may be having.

• What Extra Coverage Is Available For My Two Wheeler?

It is advisable that you opt for a comprehensive two wheeler insurance policy because it safeguards both the third party and you or any damages caused to your own vehicle. You can also opt for add-on covers which are offered by the best two wheeler insurance providers in India to strengthen your two wheeler’s protection.

• What Types of Coverage Are Mandatory?

As per the Motor Vehicle Act (1988), it is mandated by the Indian Government that you should at least possess third party insurance for any motor vehicle on road. Therefore, buying third party insurance cover is a necessity for your two wheeler insurance policy.

• How to File a Two Wheeler Insurance Claim with My Insurance Provider?

The answer to this question can be found in your two wheeler insurance policy document as well. However, you have to intimate the two-wheeler insurance provider about the accident as early as possible. The two-wheeler insurance company will ask for all the required details and share the claim settlement number with you. After that, a surveyor on behalf of the two-wheeler insurance provider will inspect your bike, asses the damages and estimate the compensation that you’ll be given.