Know The Factors While Buying First Bike Insurance Policy Online
Due to high traffic in India maintaining car has been hectic, people are interested to buy two wheeler regardless of their status. An owing bike can skip from heavy traffic, less parking space needed, save your time and fuel. Just like a car, bike insurance also has comprehensive insurance with an add-on for the extensive customers.
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.