Buy two-wheeler insurance online to save time & energy

We all love our motorbike or scooty. It is one of the most precious things in our life and the easiest way to commute daily. While we enjoy our rides, it is also very important that we protect our two-wheeler from incidences such as unexpected accidents, third party property damage, health injury or loss of their life. Therefore, we should opt for a suitable two wheeler insurance policy. A policy in place will help you save a lot of money in terms of repairs and the various scenarios that your vehicle would undergo in case of accidents or natural perils. Secondly, it’s mandatory in India to have two wheeler insurance if you wish to drive your vehicle on the road. 

There are several ways to buy policy such as contacting agents or customer service, visiting branch offices or purchasing two wheeler insurance online. With the advent of the internet, today picking up your insurance premium rates has become as simple as a click of the button from the place of your choice and comfort. You can compare and purchase two wheeler insurance online at affordable rates. Check insurers’ websites, their policies structure, available option, rider benefits, charges incurred and then go for suitable bike insurance plan.

Premiums from different insurance companies are made available to you at the click of a few buttons on your computers, laptops or tablets. You can choose the cheapest bike insurance cover or go for a brand of your choice at the time of insurance renewal. It’s easy and can be done from your smartphones as well.

Some benefits of buying two-wheeler insurance online:

• Instant policy purchases from leading insurance companies

• Compare premiums and features of various plans under single umbrella

• Unbiased opinion about the insurance benefits & Features

• No cost – These quotes are free of costs

In India, there are around 25+ general insurance providers who offer two wheeler insurance online with customized benefits. You can choose the one which is suitable as per your specific needs and most important which fits into your budget. The specific needs could b anything such as your driving habits, the city you live in, the area of parking, etc. Online comparison lets you understand each and every plan well. You can check the ones that are most suitable to your needs very easily. It would be quite tuff to do if worked upon manually. The best part of these comparison sites is that you can also buy the best policy instantly online. Buying two wheeler insurance not only helps you make a fair judgment but also helps to curb the expenses on your premium.

Many insurance companies have started schemes that allow bike owners to get their vehicles insured online without physical inspection. "Companies are also going to an extent of taking a slight risk with their decision to waive the pre-inspection in case of online renewal of expired two wheeler policies. Understand that such efforts are taken by companies only to promote two-wheeler insurance in India.

Researchers say such efforts are yielding positive results and more & more people are now purchasing two wheeler insurance online to avail the benefits. It is advisable that if you decide to buy an insurance policy for your vehicle after a break, take a close look at the fine print. For instance, the cover may not start immediately. Also, if the vehicle is being insured online without inspection, the risk inception date starts three days from the date of issuance of the policy. The physical route is always about utilizing your time along with energy but purchasing policy online or renewing it is smart step to save time & energy both.

Insure your two wheeler today for a safe future

When people purchase a bike, an insurance cover is probably the least bothered thing for them. They feel it’s an unnecessary burden on their finances. But, bike insurance is very beneficial for you. Imagine you’re driving your bike and unfortunately meet with an accident. The worst part is the person or property gets damaged severely. For a moment you’ll go mad noting down the amount of money that you will pay for the hospitalization or property damage charges. Thus, at one end you’re paying a monthly installment for your two-wheeler and the other end you have to pay hefty fees for the damages done. It would be a two-way loss for you. At such point of time, suitable Two Wheeler Insurance is what probably helps you swim safely across the shore.

Nowadays, the frequency of road accidents and damage on a bike is more common than any other form of vehicle. They are more vulnerable and therefore, prone to road accidents. Having a right kind of bike insurance policy will give you benefits when you really need them.

In India, there are many insurance companies who offer policies keeping the best interests for your vehicle in mind, so that you buy right policy for your bike. There are customized policies that will not only meet your requirements but also fit into your budget. Online bike cover policy purchase helps you get a good package. It is mandatory to buy at least a third party cover to drive your bike on road. Third party Two Wheeler Insurance will not cover you or your bike but also protects you against legal liability for the damage you caused to a third party only – injury, death, and or/or property damage caused to a third party in the event of an accident. On the other hand, a comprehensive policy offers overall protection against the damage to your bike that is the result of incidents which is unrelated to an accident/collision. It also covers damage to the bike, theft, legal liability to the third party and cover for personal accident, losses due to fire, storm, theft, etc. There are several ways to improve your policy by opting for add-ons like accessories cover, engine protector, zero depreciation cover, medical expenses etc.

People can buy policy depending on budget and other requirements, the deductibles you want and lots more. The premium of your policy is usually calculated on factors such as Insured’s Declared Value -  IDV is the maximum amount that an insurer will pay at the time of a claim, Cubic Capacity, Geographical location, Vehicle age and discount to be availed. Based on these factors your cover is decided and premium is computed accordingly.  There several ways to reduce your Two Wheeler Insurance premium like good driving history, online purchase discounts, etc.  When you have a clear driving record you end up earning No Claim Bonus which gets added to your account. You can avail No Claim Bonus discounts of up to 50% as per the eligibility.

Insurance markets have introduced the easiest way to buy cover via online services. You can visit online, compare quotes and get the best suitable bike cover for your two- wheeler. It lets you purchase insurance anytime and anywhere while on the go. These online sites help customers to save time and energy in running across various insurance providers’ offices for quotes, documentation, vehicle inspection etc. It enables bike owners to get their two-wheelers insured without physically visiting insurance companies or meeting Two Wheeler Insurance agents.

How to protect your bike with suitable insurance policy?

Bike Insurance

Bike protection scope is fundamentally the same concerning car scope - however there are some minor contrasts.

Risk. Most states oblige motorcyclists to convey a base measure of obligation if there should arise an occurrence of outsider wounds; however protection specialists prescribe acquiring as much as three times the base in this season of costly prosecution. The obligation bundle likewise offers Guest Passenger Liability scope that offers damage security to any individual who may get on the back of your bicycle.

Impact. This scope repays for harm to your cruiser in the event of a mischance - less the deductible. Scope stretches out just to the processing plant parts of your bicycle. In the event that you get favour and add anything additional—like clever chrome embellishments - extra scope will be required for pay.

Comprehensive. This repays you, less the deductible, for circumstances other than mishap, similar to vandalism, flame or burglary.

Uninsured Motorist. If the knucklehead who hit your bicycle is uninsured, this scope pays the doctor's visit expenses and any lost wages you cause while out of activity.

Underinsured Motorist. This scope repays you if the knucklehead who hit you doesn't have enough protection to cover all your harms.

Bike protection premiums are controlled by variables, for example, your age, driving record, what sort of bicycle you possess and where you carport it. Unless you're high hazard, there are approaches to hold your expenses down so you won't need to pay excessive rates. Guarantors look sympathetic on clean driving records, no mishaps and alumni from "ride-preparing" courses, which can procure you a markdown of up to 15%.

Rebates are likewise accessible in the event that you have a place with a bike insurance association, are a "full grown" motorcyclist, or on the off chance that you guarantee with the same organization that endorses your auto. At last, in the event that you dwell in northern climes, you can register with a "lay up" arrangement, which suspends all scope (aside from complete) amid those chilly winter month

[Source: http://insurancebenefites1.blogspot.in/2016/05/bike-insurance.html]

Reasons Why Your Two Wheeler Insurance Claim Is Rejected

Two wheeler insurance offers excellent financial cover to protect your vehicle from unexpected events such as road accidents/collision, damages, third party liability, etc. but a denial from your insurer to settle the claim can be the big jolt. Therefore, it is imperative to be careful while buying a plan and you must also re-examine the details of the policy held by you.

Here are five common reasons why your claim can be rejected.

1. Getting your vehicle repaired on your own after the accident: It is the most common mistake that many of you make. You tend to repair your bike on your own and then inform the insurance company about the settlement. As a result of this, the insurer cannot trace back the accident and the repairs and eventually reject your claim. To avoid such situation, always inform the insurance company before getting the car repaired. The company professional will inspect the damage from their end, evaluate the cost of damage and help you get the best deal for repairing the damage caused to your bike.

2. Drunk driving: If a person is found drunk at the time of an accident, then an insurance company has all the right to reject the claim. Many times, people try to hide that they were drunk while riding a bike. This may work in some cases where the accident is minor and the driver does not get to see any police or hospital. But in the other case, hospitals exhibit this information to police and then you cannot expect insurance coverage. Rather a tough criminal action can be instigated against you if you hide such a thing.

3. When you miss transferring your name in the policy copy: People keen on buying used bikes invest can face a claim rejection in future if they forget to transfer their name in the policy copy. In such cases where transfer formalities have not been done, the policy is considered invalid and will not help you to settle the claim.

4. Forget to notify the claim within specified time: Always notify the claim within 48 hours to 72 hours of the damage. If you fail to do so, insurance companies can reject your claim. Also, if you damage your car in a crash and the engine gets damaged too, but you continue driving it, thus causing further damage to the car. The policy claim will automatically be rejected by the insurer.

5. Driving License: Driving licenses are valid for a longer duration. After this period, you need to renew it. It is important because if your vehicle meets an accident during the time and your driving license is not valid, then two wheeler insurance will be rendered useless and it can be the prime reason behind the rejection of your claim too.

Though buying two wheeler insurance is an extremely smart step as it can save you from much unaccounted for and sudden costs, but they don't make you or your bike bulletproof. Be honest and safe, instead of being careless and reckless. Insurance companies will love you for it and help you the most.

[Source: http://insuranceprotips.blogspot.in/2015/12/reasons-why-your-two-wheeler-insurance.html]

Important Things To Consider Before You Buy A Bike Insurance Policy

So have you got the bike of your choice? Are you all set to zoom it on the streets? But, before that have you got adequate coverage for your two-wheeler? If not yet, then, choose a comprehensive insurance policy. However, before you decide on which policy to buy its important that you check out a few parameters and aspects that will help you make an informed decision.

The most important thing to remember is that a two wheeler insurance policy differs from car coverage. So, if you have a car and that is insured, and if you thought same parameters would be applicable for your two- wheeler also, then, you are mistaken. The other thing to consider is the description of your motorbike. Any insurance company will most likely work off a brand name and serial number when reviewing your policy application. However, if your two-wheeler has undergone any alteration or modifications, then you need to mention that as well. Many companies bid rates especially for modified motorcycles so ask about this. This is also important because if you make a claim and do not mention the changes that could cancel your coverage.

The other thing to keep in mind is that make sure you completely understand the choices of the indemnity provider, if at any time you make claims in the future. Also, opt for a company that can alter and modify their policies according to your needs like coverage for accidents and hospital bills. It is also important that the coverage you obtain for your two-wheeler suits your requirements and lifestyle. Once you get a two-wheeler, you cannot plan for accidents or thefts, but can prepare for it. Thus, ensure that the policy provider you opt for offers an all-inclusive plan that indemnifies you against theft, accidents or any such unfortunate occurrence.

Along with all this, also check for the pricing and quotes offered by various insurance companies. You could go online and compare the prices. Most of these sites have access to almost every existing policy. You can go online and easily compare these quotes. This way you will be able to select and pin down the company that offers the coverage you need at a price you can afford.

Also, check if the company offers discount or any price cut, some insurers also offer discounts based on driving capability. One of the discount available is voluntary deductible, you can

These are few of the important things that you should consider before making a decision. There are numerous coverage options available these days. Be smart and pick the right bike insurance policy that meets all your requirements from a reliable and trustworthy insurance provider.

[Source: http://ezinearticles.com/?Important-Things-To-Consider-Before-You-Buy-A-Bike-Insurance-Policy&id=7476600]

The advantages of owning a suitable two wheeler insurance

Things to Know When Buying Two Wheeler Insurance

Earlier when people did not have motor vehicles to travel from one place to another, accidents were not common. So, one did not need to have an insurance policy. But today, accidents are something we hear about all the time. With vehicles like cars, buses, two wheelers among others plying on the roads, people's lives have become unsafe. Thus, getting auto insurance is very important for people owning these vehicles.

Two wheelers are more prone to accidents compared to other vehicles which are why getting a two- wheeler insurance policy can be very beneficial. In India, it is compulsory for owners to buy an insurance policy when they buy their new two wheeler. In most cases, the dealer or the seller takes care of the vehicle registration and insurance formalities.

While buying a two wheeler insurance policy, the owner should do a complete research on the same. He should compare two wheeler insurance policies provided by different companies before finalising a deal. While researching, he must check the features, coverage and benefits of the policies. Today, people can buy bike insurance policies online.

Two wheeler insurance policies have two types of coverage options. One is called the third-party liability and the other one is the comprehensive package. Third party liability covers the damage which is caused by one's own two-wheeler to someone else's life or vehicle. The comprehensive package covers own damage and the third-party damage. It is mandatory for people to opt for the third-party liability coverage in India. The third-party liability is less expensive compared to the comprehensive package as it provides only one type of coverage.

Buying a two wheeler insurance policy has its own benefit. The policy financially prepares a person to bear the cost of an unseen event or future accident. When a person meets with an accident, he can claim the money for the damage from the company from which he bought his insurance policy. While claiming, documents like owner's driving license and RC book copy, police report, original copy of the repair bill and the signed claim form are to be submitted to the insurance company. It takes a bit of time before a person can get the money he claimed from the company.

Even though a bike insurance policy is a life - saver, a lot of people in India do not renew their insurance policy after it expires. People consider it to be a time consuming process and tend to avoid it. Thanks to the internet, renewing of two wheeler insurance policy has become an easy and hassle free task. Now, people just have to visit the website of the company they want to renew their policy with and follow a few steps. Insurance companies also provide benefits to people on No-Claim Bonus (NCB) during the time of two wheeler insurance renewal.

Recently the government has introduced a long term two wheeler insurance policy. This policy only covers the third-party liability and the own damage coverage has to be renewed every year. This move is a relief for people as they do not have to worry about renewing their policy every year. One extra benefit this long term policy has is the constant premium rates, which will remain unchanged during the insurance period.

Don’t think insuring your bike is important?

Riding a Two Wheeler safety Tips

Things to Remember before Changing your Two-wheeler Insurance Policy

An insurance policy is one of the key documents that are required to uninterruptedly ride a two-wheeler on the roads. It avoids any extra overhead that may strike your way when you are about your reach your destination. Besides, having your two-wheeler insured eliminates any chances of legal obligations as well as expenses incurred for servicing your vehicle in the unfortunate event of an accident. In case you meet an accident, your two-wheeler insurer takes care of damages to the third-party vehicle or property. While if you bought comprehensive insurance for your vehicle, it would also cover any damages to you along with the wear and tear of the bike.

Well, just like any other thing even with the least importance, you might have a second thought. The same goes for your two-wheeler insurer. You might wonder if there was any other benefit you could get if you would have renewed your bike insurance with any other insurance company. Does not matter much because you can still choose any other insurer next time you need to renew your insurance policy. However, you need to be aware of some important factors before changing your 2 wheeler insurance policy. Following are a few scenarios where you might need to change your current insurer:

To Avoid Extra Overhead
It is the modern era where almost every piece of information is available online. Insurance companies too have made available their policy selling procedure online to avoid any extra overhead. Now, you no longer have to wait for your turn at the helpdesk of your insurer to renew your existing insurance rather you can simply visit the provider’s website and get it quickly renewed in a few mouse-clicks.

To get Additional Coverage
While going through the websites of multiple two-wheeler insurance companies, you might notice that one or more comprehensive insurance policies have even more to offer you. In such a case, it is obvious for you to change you current insurer to get additional coverage for you as well as for third-party vehicle and property.

Other Reasons
If you are not very happy with your current two-wheeler insurance policy, you may want to change it. Well, a two-wheeler insurance policy is a non-transferrable policy. So, you are left with two options: either you cancel your existing policy, and then choose a different insurance policy or you have to wait for the current policy to expire.

In case you opt for leaving your current two-wheeler insurance policy, you have to intimate your insurer in the form of a letter with a notice period of 7 days.


[Source: http://financeplaza.blog.com/2016/03/16/things-to-remember-before-changing-your-two-wheeler-insurance-policy/]