These Are the Features You Should Look Out For In Your Two Wheeler Insurance
Accidents in India have become common due to the increased number of vehicles on roads. Even if you are driving/riding your bike safely, the mishap may take place due to the other person’s negligence. Events like these can hurt you physically as well as damage your vehicle. The repairing costs shall be then be given by you. However, this won’t be the case if you get your vehicle insured.
There are two main types of Two-Wheeler Insurance policies you can choose from:
- Third-Party Liability– This cover helps ensure that financial protection is provided to you in case of damages or injuries caused to third-party property or person. Any kind of legal issues are also covered under this policy, and so it is compulsory to have one.
- Comprehensive Policy– This two wheeler insurance plan in comparison is an extensive cover and provides financial protection against own damage as well, along with third-party liability. Not only that, but it protects your bike against any losses you incur due to natural or manmade calamities. Theft cover is also included under this policy.
When you purchase two-wheeler insurance, here are a few things that must be checked:
- Purchasing the Policy Online
When you select the insurance company, check if they have the facility of purchasing two wheeler insurance online. With this feature, you don’t require the help of middlemen, and the payments that you make are processed through secured payment gateways. It is mandatory to have at least a two wheeler insurance third party policy, for all the vehicles, as per the law. This cover will come in handy in case you bump into someone else’s bike and cause damages to their vehicle.
- Personal Accident Cover
See to it that your insurance provider offers you with a Personal Accident Shield, to cover the co-passengers.
- 24-hour service
When you’re selecting an insurance policy, see if they are available to contact 24×7 to solve any queries that you might have.
- Purchasing Long Term Insurance Policy
If you take a long term insurance policy, you don’t have to go through the hassle of two wheeler insurance renewal every year. Also, people tend to forget their policy’s expiry date, and so this is helpful.
- Services of Cashless Claims
The cashless services are provided to you by most insurers. They have a list of network garages where you can take your vehicle for repairs and the repair bills will be paid by your insurance provider. Therefore always look for an insurance company that is offering you a long list of these garages where you can make cashless claims.
Today, mostly all insurers provide you with the offer of net banking as well as mobile banking& EMI options too. Look for convenience in the payment method while selecting the insurance company.
Besides the above-mentioned features, also look for the number of additional covers provided by your insurance company. Add-ons help enhance your existing comprehensive policy. The insurance company might have a variety of add-ons for you to choose from such as Accident Shield, Lock & Key Replacement Cover, 24×7 Roadside Assistance, Consumables Expenses, Zero Depreciation Cover, and Engine Protector. To purchase these covers you need to pay a little extra premium amount, hence choose the add-ons as per your requirements.
Now that you have a clear understanding of what an adequate two-wheeler insurance policy should include, you can evaluate your current plan. If you feel that your bike insurance policy is not sufficient enough, you can either buy a new one or purchase add-ons during insurance renewal.