As riding a premium bike like Harley Davidson, Triumph, Ducati has become a status symbol for youth just like BMW, Benz, Audi etc. They also need the right policy, buying bike insurance online is the right choice, but the actual question arises where to buy the best bike insurance online?
First, compare the bike insurance quotes before buying the policy, PolicyBachat is the right insurance comparison website for buying bike insurance online. Get quotes; know the benefits availing from each carrier and choose the policy.
Types of bike insurance online policies
Third party insurance: Third party insurance is the basic plan mandated by the Government of India to secure the third party affected in an accident.
Comprehensive insurance policy: Get coverage for the third party along with personal damage coverage in comprehensive policy, this policy is a protection against all odds in case of a mishap. It is recommended to get add-ons packs for extensive coverage.
Your need defines your policy
How you use your vehicle? Is it for personal use, office use or for any long drives! This makes sense to choose the policy, normally a comprehensive bike insurance online policy is enough for the coverage. But, if a driver uses his vehicle for long drives, frequent business & personal activities he requires few add-ons in case of unfortunates. Be wise and caution to select the right policy by factoring future unfortunates into account.
Factors that affect bike insurance online premium:
Insured declared value
Higher the IDV; higher the premium, don’t decrease the Insured Declared Value which in turn impacts on your coverage. Be fair while valuing the factual value of the vehicle to bind legally for a rightful claim.
The deductible is an amount of money that a policyholder agrees to pay at the time of claim, this impacts in your insurance premium. Increase in deductible will lower your premium amount, make your deductible moderate to avoid the risk for higher claim settlement by a policyholder.
Extra accessories fitted to your vehicle either for enhancing the performance or the exterior look should be properly disclosed in the insurance document for the accessories claim. Your negligence for a proper disclosure will impact you at the time of claim.
As you are buying the first bike insurance online policy, you had an idea of what are the factors that need to be considered while deciding the right bike insurance online policy. Get the quotes by 2 simple steps from Policybachat.com and go ahead in renewing the comprehensive bike insurance policy for hassle-free claim settlement.
Getting Bike Insurance Online is Always a Better Option
If biking is your passion and your new vehicle a prized possession that you are extremely proud of, then it is your duty to protect it and yourself against any unforeseen incident by covering it with bike insurance.
Riding a two-wheeler without getting insurance for bike can not only make you go against the law of the country but also can blow a hole in your pocket in times of road mishaps.
Irrespective of the growing awareness about the importance of bike insurance and also how easy it is to get online insurance for bike, still a huge number of bikers ride on the road without a valid insurance for bike. You can login for more information about online bike insurance.
The reason for ignorance towards bike insurance is mostly owing to their busy schedule that does not allow them to run to various bike insurance India offices for quotes or because they want to avoid the hassles of vehicle inspection, etc. Keeping these factors in mind, some bike insurance India companies have started the system of online insurance for two-wheelers. Online bike insurance enables bike owners to insure their two-wheelers without physically visiting insurance companies or meeting bike insurance agents.
The same process is applicable for bike insurance renewal. Bike owners often miss out on renewing their bike insurance India leading to lapse of their policies. The facility for online insurance for bikes has helped solve this problem to a great extent. The option of online bike insurance renewal has waived off the hassle of pre-inspection, which in turn has increase the number of insurance for bike getting renewed.
Though purchase and renewal of bike insurance has become simple and hassle-free with the advent of online insurance, yet there are certain things you should be very careful about while purchasing online insurance for bike. Reading the fine print is a must before purchasing bike insurance, especially if you are getting online insurance. For example, you must check the date of inception of the new bike insurance India policy, especially if you are taking online insurance without inspection. Generally, the risk inception date start a few days after the day of the issuance of the policy.
On a final note we can say that though there is always the option of physically exploring each and every bike insurance policy available in the bike insurance India market and purchasing it through agents that includes the payment of commissions, purchasing or renewing insurance for bike online is anytime simpler, cheaper and less time consuming.
Online insurance web aggregator PolicyBachat not only helps you purchase the bike insurance policy of your choice but also assists you in comparing all available policies and gets the most suitable deal. If you want to know more about the process of purchasing or renewing bike insurance online, contact their insurance experts on their toll-free number 1800 123 4006 / 1800 123 4003 or chat with them at www.policybachat.com.