Two Wheeler Insurance (1)

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Two Wheeler Insurance
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Myths, Misconceptions Money spent on bike
insurance
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Introduction

• With gas prices continuing to skyrocket, it is no
  surprise that more Indians are turning to
  bicycles as an alternative form of
  transportation.
• Bicycle riding has been one of the most popular
  outdoor activities among adults, with many of
  them being frequent cyclists.
• The basics of bicycle safety are well known wear
  a helmet, utilize reflectors, and be visible and
  alert.
• But when it comes to insurance, many cyclists are
  unaware or misguided concerning the steps they
  can take to further protect themselves and their
  bicycle.

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• A specialized, stand-alone policy, two wheeler
  insurance covers liability, loss, damage, and
  sometimes medical payments. However the window
  pane between the industry and consumer is still
  covered with lot of dusty myths misconceptions
  on two wheeler insurance due to which there is
  lack of transparency amongst them.
• The article helps in discussing five common myths
  misconceptions people follow about bicycle
  insurance that insurance companies can use to
  educate their clients in order to protect
  themselves and their hobby.

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• Home insurance will cover a stolen bike, and
  separate bicycle insurance is not necessary
• Most people just assume they are fully
  covered under their home insurance policies
  including bicycles, cars or other form of
  vehicles etc. However, it is not necessary that
  your bike is covered in this insurance and even
  if it does, you may not receive the full value of
  the bicycle. A bicycle claim may cause your home
  insurance premium to shoot up. A separate bicycle
  insurance policy will cater to your bike needs
  efficiently.

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• If my home insurance company writes special
  coverage (an insurance rider) for the value of my
  bike, a stand-alone policy is not necessary.
• Many clients are unaware that even if
  special coverage is provided in the policy, a
  stolen or damage bike can still cause a cyclist
  to fall victim to the home insurance policy
  restrictions as there may be exclusions on
  coverage or other limitations. However, a two
  wheeler insurance policy can ensure spare parts
  and apparel is covered and can provide coverage
  during accidents or mishaps. Policies can often
  be customized to fit a cyclists needs. Roadside
  assistance, including emergency transportation,
  is an option offered by some providers.

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Buying the best lock in the market will not allow
my bike to get stolen

• Indian people have typical mentality that 7 a
  lever lock is the best security that we can offer
  to our bike. Although bike locks do deter
  thieves, it does not mean that a bike will not be
  stolen. Expert thieves can easily spot high-value
  bikes, and even with the best bike lock on the
  market, they know how to make a bike disappear.
• Two wheeler insurance can cover the bike anywhere
  at any time, giving cyclists peace of mind
  concerning the protection of their bike.

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Bicycle insurance is expensive

• By spending few hundred of rupees you not only
  buy peace of mind but protect your value asset
  worth thousands of rupees.

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Only professional riders need insurance

• Every person in India is like expert bike rider.
  Once they sit on their seat they are like I am
  the best and I can never go wrong. Insurance
  should be taken by biker racers, and long
  distance riders who are at higher risks of life.
• But this is not the case, accidents and mishaps
  occur anytime, anywhere and anyhow. Two wheeler
  insurance will protect you against liability,
  damage or losses can further enhance the biking
  experience by providing a cyclist with the
  satisfaction of knowing their bicycle is
  protected.

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Some advice to the customers

• Ride within your limits While its good to
  stretch your skills, its not safe and not wise
  to push beyond your capabilities.
• Buy good locking devices Its best to always
  secure your ride to an immovable object, even if
  its inside a vehicle.
• Join a bicycle federation or association These
  groups or organizations work to promote bicycle
  safety and campaign for better conditions for all
  riders.
• Maintain your ride Worn chains and tires are
  certainly causes of injury and further damage.
  Its better to perform your own maintenance time
  to time or have it serviced regularly at your
  local shop to avoid these and other
  maintenance-related damages.

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To know more details visit https//www.bajajallia
nz.com/Corp/health-insurance/health-insurance.jsp

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