Bike Insurance

Two wheeler insurance renewals seem simple. You just hop over to your insurance provider’s branch, furnish your documents, make the payments and you’re done! Sure, this is one way to go about renewing your insurance policy, but it’s not the best way! Keeping this in mind, the following article will highlight some pointers to bear in mind when renewing your plan to optimize the process and ensure your get the best protection at the best price. 1. Go online. One easier way to optimize the entire renewal process is to go online. Simply visit your insurance company’s website, find the ‘renew online’ option and click on it. The entire process is designed to easy and you won’t need any guidance for the same. Just fill in the details and make the payment! The online renewal will help you save a lot of time and energy as compared to the offline process. You do not have to waste a day visiting the branch or endure standing or waiting in line to renew your plan. You can renew the po

If you are buying an insurance policy for your two-wheeler, you’ve probably come across the term ‘IDV’ multiple times. This is an extremely important term in 2 wheeler insurance . However, not many buyers know what it means. That’s where we can help! The following article will tell you everything you need to know about IDV to ensure you make the right decision when it comes to two wheeler insurance policy. \ So what is IDV? IDV stands for ‘Insurer Declared Value’. It is the maximum amount of compensation your insurance company will provide in case of total loss/theft of your two-wheeler. In other words, it is the current market value of your motorcycle. Like most other things, the market value of your two-wheeler is subject to depreciation. Therefore, every year, the IDV of your bike decreases a little. Your bike’s IDV also play an important role in the deciding the premium amount of your bike insurance policy. The higher the IDV, the more premium you will have to pay!

Every day, several bikes are stolen in India. In Delhi alone, around 32,984 two wheelers were stolen in 2017. The stats for 2018 aren’t available yet, but there has been a year-on-year increase in bike thefts, leading us to believe that the numbers will be just as shocking! Let’s just hope these motorists had valid two wheeler insurance plan when their bikes were stolen and get compensated for their losses. Now, if you’re thinking about buying a new two-wheeler and if you’re worried about theft, you should know that 3 bikes are stolen more than others. So not buying these bikes will greatly reduce the chances of your bike being stolen. These thieve favorites are stated below: 1. The Bajaj Pulsar. This bike is a hit amongst the youth. The Pulsar looks great, delivers good performance and is also well priced. Monthly sales for this bike are in the 90,000 units range. However, the Pulsar’s popularity is its biggest weakness – thieves know that finding a stolen Pulsar is lik

It’s extremely important to read the terms and conditions of your two wheeler insurance policy. Failing to go through the fine print could result in unwanted surprises during the claim process. However, policy underwriting does not make for light reading – there are tons of complicated terms and complex language! Therefore, if you are short on time and do not have the patience to go through entire policy wording, you must at least you understand these 5 points. The exclusions: One of the most important things you should go through in your policy document is the section on exclusions. Many people are not aware what their plan does not cover, and find out the hard way when they make a claim for something that isn’t covered under the policy. You can avoid this disappointment but skimming the exclusions if your motorbike insurance , it will only take a few minutes of your time. Personal details: Many people do not even check their basic details when get their policy d

Let’s face it, very few of us actually go through the wordings of our bike insurance plan. We just sign, accept the terms and conditions and proceed with things. Fortunately, in most cases, failing to go through the policy document doesn’t come back to haunt the insured. However, there are more and more cases doing the rounds where people have faced major disappointment or had their claims rejected because they did not go through their policy document thoroughly. To keep this from happening to you, we will go over some of the important parts of your policy document you should read before you buy motorbike insurance . Hopefully, it will save you from any unexpected and unpleasant surprises in the future. 1. The exclusions. This is probably the first part of the policy document you should go through. It will detail all the various events that your motorbike insurance policy does not cover. For instance, most policies will not cover loss or damages caused due to wear an

Buying a bike insurance policy for your motorbike is extremely important. It ensures you are legally allowed to ride your bike on Indian roads. Also, it gives you financial protection from the repercussions of accidents, theft and natural/man-made calamities. However, after purchasing a policy, many individuals tend to put their insurance in the backseat. This often leads to lapsed policies, insufficient levels of protection in the future and financial losses in general. Keeping this in mind, the following article will highlight some steps one should take after purchasing motor insurance. These steps will ensure you always stay on top of your insurance needs and get the most out of your two wheeler insurance policy. 1. Learn about the claim process. Many individual simply buy a bike insurance policy and keep it at that. They do not read-up or question their insurance providers on the workings of plan. That’s why, when an accident happens or they need to make an urgent c