How to protect two wheeler insurance

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Insurance Bike
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How to protect two wheeler insurance? In India,
if a person owns a bike, scooter or moped, having
a proper policy in place for your two-wheeler is
a must. Many general insurance companies offer
customized insurance bike, two wheeler insurance
policies that suit an individuals needs and
preferences. They have various types of plans
that can offer complete protection against
unexpected accidents, any natural incidences like
fire, earthquake, storm, or man-made calamities
like stealing or burglary.
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It has been found that most people in India take
insurance cover as an additional burden on their
finances. However, it is wrong. This is the best
financial support an individual can have when
things go out of control. Imagine there is an
accident and the third party person or property
is damaged. The costs incurred will make a big
hole in the pockets. But, a suitable two wheeler
insurance policy will help you shelter against
such unforeseen events. Keeping in mind the huge
growth opportunities and high FDI flow, the
government has focused on boosting the two
wheeler insurance renewal segment. IRDAI have
allowed insurers to launch a 3-year comprehensive
cover for scooters, mopeds, and motorcycles.
Comprehensive cover is 30-40 cheaper than buying
annual policies. It comes with lucrative offers
for the buyers. Besides, it cuts down from the
hassle of every year renewals of the policy. This
new scheme is presented to tackle the problem of
uninsured two wheeler plying on Indian roads.
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A comprehensive two wheeler policy provides cover
against financial liabilities that is likely to
be incurred by the policy holder during theft,
third party damages or death occurred by your
vehicle. It is considered as one of the most
widely bought insurance cover product due to the
dual advantage of third party coverage as well as
your own bike protection. When an individual
does not make any claims on your policy, then you
can easily avail for No Claim Bonus. Every time
when you complete your insurance year without any
claims youre rewarded with No Claim Bonus
points. These points could be redeemed against
the claim amount or premium reduction. Its
advisable dont opt bonuses for petty scratches
or dents. Instead, when the amount gets
accumulated go for higher claim or discounts. The
other way to keep you NCB intact would be
applying for add-on cover for NCB protection.
Although, you may need to pay a little extra on
your premium but its a valuable protection. It
will help to reinstate your NCB to the certain
extent. Anti-theft alarms, parking in the safe
area, any bike association membership are some
other ways to avail discount on your two wheeler
insurance policy.
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Today, a lot of companies have started two
wheeler policies online. Cashless claims can be
made at the selective garages across India. In
case, youre not happy with the existing insurer
there is an option to shift your two wheeler
policy from one insurer to another. Although,
there are many ways to buy bike policy such as
calling up agents or customer service, visiting
branches, etc. but insurance bike purchase is
extremely quick and simple. With the advent of
internet based facilities, today picking up your
insurance premium rate, features, coverage amount
has become as simple as a click of the button on
your smartphone, laptops or computers. You can
compare and purchase two wheeler insurance online
at affordable prices. Check insurer websites, the
policy structure, features benefits offered,
rider benefits, annual premium charges and then
go for suitable policy purchase.
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