A bike is more convenient than any other type of automobile as it efficiently saves time and resources. In cities with busy lanes, many of us prefer a two wheeler over any other mode of transport. Buying a bike comes with a lot of commitments especially in terms of maintenance. To keep your bike in good shape you must do regular maintenance. These maintenance costs can be a bit steep but can be covered under motorcycle insurance. Also, unforeseen accidents causing damages to the bike can call for major expenses. To avoid all these costs it is necessary to buy motorcycle insurance. The yearly two wheeler insurance renewal can be a dreary task but saves you from the major expenses. Let us learn what costs are included in an insurance policy and what are the exclusions?
Following are the events compensated forby a comprehensive car insurance policy –
- Loss caused due to fire, explosion, or lightning
- Damage caused due to burglary, thefts, riots, strikes, malicious acts
- An accident caused due to external activities like terror activity
- When damages are incurred due to earthquake, floods, tornado, storms, etc.
Exclusions –
- Any damages caused during the period when the policy is in the lapsed state
- Wear and tear caused to the bike due to aging
- Accidents caused while disobeying the law
- Driving without a valid license
Before you go for two wheeler insurance renewalyou should follow the below steps:
- Compare before you buy – Before you choose between the various options available on the internet you need to weigh these options. Compare the policies from top insurers before you make the decision. Compare the features they offer, their cost and other benefits.
- Go for the one which is worth your money – You should find a plan which suits your pocket and saves some money for you. Along with cost effectiveness, it also should be easy to buy with a hassle free process. The insurance company should have a well-designed online portal, which offers easy supports quick and easy bike insurance online purchase / renewal.
- Avoid middleman- Prefer to buy the policies directly from the company. Doing this way will reduce the additional costs required to pay the brokers. Also getting policies on your own will give you firsthand experience about the product.
- Availing online assistance -If you are stuck and need help to understand any specific terms and conditions look for online assistance. Check for online chat rooms where you can resolve your queries.
The primary benefit of getting two wheeler insurance online is the convenience and instant procurement of insurance document. Within a few clicks, you can make premium payment of your motorcycle insurance through various payment methods, post an online evaluation on the two wheeler insurance premium calculator. Once the payment is done you will receive the soft copy of your insurance policy via email. This reduces the efforts and hassle required to get the document delivered to your home address.
If you are spending fortune to buy your favorite bike which will take you to places don’t mind to spend a few more to secure your bike against risks with long term two wheeler insurance policy.