How To Find Insurance Policy Number By Vehicle Number?

How To Find Insurance Policy Number By Vehicle Number?

Two-Wheeler Insurance is based on the rules laid down in the 1988 Motor Vehicles Law. This law regulates the traffic rules that motor vehicles in India must comply with, and such a rule is the need for motor vehicle insurance that applies to all vehicles. If you have a bike, you need valid Bike Insurance Online. Due to this rule, all biker owners invest in bicycle insurance. Mandatory bicycle insurance is liability insurance for bicycle injuries, property damage, or the death of third parties. However, if you follow a comprehensive policy, you will also be insured for the damage caused by the bike.

Regardless of whether you are purchasing a third-party policy or a comprehensive policy, the bike’s registration number is used to purchase the policy. Let’s understand what this number is and how you can use it to check the status of the bike insurance.

What is the bike registration number?

The registration number of your bike is a unique number assigned by your area’s Regional Transportation Office (RTO). This number is unique to each vehicle and helps identify the bike and its owner. If you buy a new bike, you must register your bike with your local RTO within 30 days of purchase. If the bike has been successfully registered, RTO will give your bike a unique registration number that you need to add. This number is on a label and has been added to your bike for identification.

Use Of Registration Number

The registration number not only helps you identify the bike but also:

1) Remove the bicycle lock:

Without the registration number of the bike, you cannot make Bike Insurance Online. When the policy is specified, the bike’s registration number is added to the policy document to ensure that the bicycle policy is published.

2) Renewal of Two-Wheeler Insurance:

Even if you want to extend your bike insurance, you will still need to provide your bike’s registration number so that your policy can be extended. It is not possible to take out and extend bicycle insurance without the bike’s registration number.

3) Right to rights:

When you make a request, you will need your bicycle insurance number and bicycle registration number at the time of the request. The registration certificate of the bike must be offered to meet your needs.

4) For questions from third parties:

If you have an accident and are physically injured due to someone else’s bike, you can apply for third-party coverage if you have the person’s bike registration number. The registration number can be used to check the status of the Two Wheeler Insurance Online and you can check the status and claim third party injuries.

5) To check your bike insurance data:

If you do not have bicycle insurance at hand and you need insurance information for your bicycle, you can use your bicycle registration number. It is possible to check the bike insurance information with a registration number. Just enter the number and you will get full details of your bike insurance.

Easy ways to check Two-Wheeler Insurance Online

Even if you forget your Bike insurance information or have lost your insurance documents, you can easily check if your Bike is still insured. The Insurance company has privilege to track your renewal date and other general information.

The Internet has made various insurance transactions efficient and fast. New-age digital insurance companies are at the forefront to provide the best customer service. Read on to learn how to check online Bike insurance status.

How To check the status of the Bike Insurance Online:

There are two basic methods of checking the status of Two-Wheeler Insurance but most efficient with the advent of the Internet. To know more about your bike insurance status online through the Insurance Information Office (IIB) established by IRDAI follow the below-given steps:

1. Visit the IIB web portal.

2. In the required fields, enter information such as name, email ID or mobile phone number, address, license plate, and accident date.

3. Enter the security code and click Submit.

4. Details on how to lock the two join wheels displays. If not, previous policy details display.

5. If you cannot see the details using the method described above, you can call the bike’s engine and chassis number.

Simple Steps to Buy Two Wheeler Insurance Online

Like all other health or property insurance, bike insurance protects the policyholder from financial losses in the event of unfortunate events. Bicycle insurance is valid for one to three years. During this time, the insurer will cover the cost of repairs of damage or injury, depending on the type of cap purchased by the owner of an insured bicycle. The type of Online Bike Insurance can be liability insurance or full insurance. 

As its name suggests, a Best Insurance Policy covers third-party risk, while a comprehensive policy covers its own and other third-party damages and risks.

Steps to purchase two-wheeled insurance online

Online Bike Insurance made it possible to secure your bike in a matter of minutes. Here is a step-by-step guide to buying bicycle insurance online:

Step 1: Research

Learn the basics of two-wheel insurance before buying the policy. Learn the terms used in this industry. This is useful if you have online bike insurance. Authority bonus (NCB), insured record value (IDV), liability to third parties, comprehensive guidelines, no depreciation, etc.

Step 2: Insurance Company

Choosing the right insurance company is as important as buying the right policy. Ideal bicycle insurance should offer first-class pre-sales and customer service. After registering with the insurer, visit their website to get Online Bike Insurance.

Step 3: Choose the type of bike insurance

To select the type of bike insurance, go to the Bicycle Insurance page and enter the details of your bike. Then choose the type of Bike Insurance Online you want to buy.

Step 4: Set up IDV

While choosing the Two-Wheeler Insurance, you will be asked to set your bike’s IDV. This step shows the current market value of your bike. IDV decreases over time and affects bike insurance premiums.

Step 5: Choose Plugins

After setting up IDV for your bike, choose the add-ons if you have comprehensive bike insurance in the previous stages. You can choose from a list of bicycle insurance add-ons. 

Step 6: Payment

Payment is the final stage of your bike’s insurance. After payment, you will receive the Best Insurance Policy document in your e-mail inbox. You can download this copy and print it. This edition is fully valid. You have completed the transaction after paying for the online bike insurance.

What Are The Different Ways To Renew Your Two-Wheeler Insurance Policy?

Two-Wheeler Insurance Policy

It is a very hattrick work for every bike insurance policyholder to renew your two-wheeler insurance. Your responsibility doesn’t end just by purchasing an insurance policy for once. Especially when there are bulk insurance companies available in the market. Not only about the companies but the way to renew the policy has also changed a lot.

The insurance sector has been mounting in India since the 19th century. At that time people used to make a team and contribute to the share of their assets. Later this thing came with a new idea by the name of insurance. Also, in previous times we used to purchase insurance for earning assets like land, shops, houses, factories, and buildings. But nowadays we can insure any object like mobile, car, bike, house and a lot of other things. The insurance sector has no limits, think of an object and you can surely find an insurance provider for that.

In old times, the method of renewing or purchasing an insurance plan is also different from what we have today. At that time, we have to go to the company and do a lot of paperwork. Whereas in recent times, we can also choose to do it online. Obviously, the ancient time method is also there but most people choose online methods to save time and money. Let us talk about the different ways to renew a bike insurance policy.

  • Renewing through an insurance agent:

    The oldest fashioned way to renew your two-wheeler insurance policy is by contacting an insurance agent. Though people do not incline to this way in recent times. But this is the one and only way for our ancestors because they don’t know much about insurance. They need a helping hand to choose a policy for them hence they contact the most experienced person. Yeah, an insurance agent is the most knowledgeable person in this sector. He has the knowledge of the premiums, benefits, and features of a particular insurance company. Apart from this, this method is best recommended for people who are not technology-friendly. Also, an insurance agent is well trained and licensed to solve your insurance-related queries.

  • Renewing through an insurance Broker:

    An insurance broker is wholly different from an insurance agent. Most of the customers think that both have the same work to do i.e. to issue a policy for customers, then how can they be different. But to get out of this misconception it is necessary to know that an insurance agent deals with the policy of a single insurance company. Whereas an insurance broker has the authority to work for different insurance providers. Specifically, we can say that a broker works to take care of your needs. It works as a bridge between an insurance company and customers.

There are different varieties as some work for a single company while the other work for multiple companies.

  • A broker that works for only one company is called a Captive broker.
  • An independent broker is the one who works for multiple insurance companies. They have a wider variety of insurance products and options for their clients.
  • Visiting the branch of the insurance company:

    Renewing an insurance policy gets more flexible these days. If you are not a tech-savvy person or do not have too much communication with people to contact an agent or broker then you can go to a nearby branch office to renew your insurance policy. Surely it would take a little bit more of your physical time to visit the branch.

You can contact the executives at the branch of the company to renew a bike insurance policy. They will ask for your previous policy number or document to renew it. Fill up an acknowledgment form with some details. After this, pay the premium amount either by cash, debit card, demand draft, or cheque. Subsequently, they will apply for the renewal of your insurance policy and the new policy documents will be sent to your residential address within a week.

  • Renewing through an online method:

    Online ways to renew your two-wheeler insurance policy always comes with numerous options. A few years ago, it was not possible to renew an insurance policy online. You have to visit the nearby branch to renew it. With passing time, this new invention lets us have more freedom to save time and money. As previously you spend the same amount of money for consulting an agent or broker. Also, it is also a matter of seconds to renew the policy over an online platform. Moreover, you can choose to renew a bike insurance policy by either of the below ways as per your comfort.

  • Through partner applications:

Most of the insurers in recent times have tied up with various mobile payment vendors. Users can also use these applications to renew their policies conveniently. Some of the applications are google pay, Paytm, and Phone Pay. You don’t have to download any special application of a particular insurance company. This is just like doing a mobile recharge on any tied up application.

  • Through mobile applications:

Customers can renew their two-wheeler insurance policy through the mobile application of a particular insurance company. Most of the famous insurance companies have their own mobile application. Users have to log in to the application by entering their policy number and date of birth mention on the policy documents.

  • From the official website:

You can also renew your two-wheeler insurance policy through the official website of the insurance company. All major companies have their website where you can check multiple plans, premiums, and coverage options. You can also check for the customer reviews on the website. Checking for reviews will help you to decide whether a particular company is satisfying its customer through their service or not. Moreover, this is known as the best way to get an instant policy. You just have to purchase a policy and pay through any online medium.

How To Calculate Premium with Bike Insurance Calculator?

How To Calculate Premium with Bike Insurance Calculator?

We all have surely heard about the Bike Insurance Calculator but exactly don’t know much about it. if you have purchased a new bike and decide to purchase an insurance plan then your neighbor would have surely suggested you check the premium on the Bike Insurance Calculator.   Also, if you have ever checked any bike insurance online, then you will get to see a flash message on the screen of the Bike Insurance Calculator.

A Bike Insurance Calculator is basically a software that will calculate the premium of your vehicle depending on the age, model, and variant. This software will give you the exact calculation of the premium according to the coverage you opt for your bike.

You have to enter the details of your bike and some information on the software to calculate the exact premium. Buyers can also compare the prices of multiple two-wheeler insurance companies. Moreover, if you want to renew your insurance plan then you can also enter your no claim bonus duration to get a discount.

The process to calculate the two-wheeler insurance premium:

If you are going to purchase a bike insurance policy for the first time then make sure to calculate online premiums. You can follow the below steps to calculate bike insurance premium:

  • Enter the model number, variant, and registration number of your vehicle.
  • Confirm the location of the RTO where you have registered your vehicle.
  • Choose whether you want to purchase a new plan or want to renew your policy. Also, choose if you want to opt or eliminate any coverage from the policy.
  • Click on the ‘Get Quotes’ to see the premium of all leading two-wheeler insurance companies.

Key features of some famous bike insurance companies:

There are more than 25 two-wheeler insurance companies that are currently active in India. Each insurance company has their unique clauses and features depending on their customer base. Some of them provide attractive discounts while others have a good settlement ratio. Also, each and every company has their own criteria to calculate the annual premium of the bike. Here we are providing the Key features of the best two-wheeler insurance companies.

National Two-Wheeler Insurance:

This company is better known for its uninterrupted long term plans.

  • Customers can purchase comprehensive insurance policies from this insurance company for optimum coverage.
  • You can purchase an insurance policy for more than 5 years for your bike.
  • Buyers can avail up to 7.5 lakh of Third-party liability coverage. The insurance policy will cover the death, disability or injuries caused to third-parties
  • The loss caused due to theft is covered in the policy.
  • It has incurred a claim settlement ratio of 79.68%.
Reliance Two-Wheeler Insurance:

The Reliance insurance company is doing well in the insurance sector since its inception. It is one of the leading insurance providers companies.

  • The reliance insurance company has an incurred claim settlement ratio of 81.47%.
  • It provides cashless claim settlement at network garages.
  • The customer will claim a daily allowance of Rs. 5,000 in case their vehicle is not repaired within 3 days.
  • Customers can purchase a maximum three-year plan for their bike.
  • The company provides a personal accident cover of 15 lakhs.
  • You can opt for depreciation coverage at comparatively low prices.
Bharti AXA Two-Wheeler Insurance:

This insurance company provides comprehensive coverage for all types of losses. It holds an incurred claim settlement ratio of 81.74%.

  • The policy can cover all the natural as well as manmade disasters.
  • It provides additional personal accidental and third-party liability coverages up to 1 lakh.
  • Buyers can purchase additional depreciation coverage along with the basic policy.
  • The premium of third party coverage depends on the capacity of the engine and varies from Rs. 482 to Rs. 13,034.
  • You can also avail of no claim bonus for not making any claim.
HDFC Ergo Two-Wheeler Insurance:

This insurance company provides multiple coverage options.

  • You can take either a comprehensive, third party or long term plan as per your requirement.
  • Customers will get default depreciation coverage along with long term and liability plans.
  • Policyholders can make unlimited claims in comprehensive policy taken from HDFC ergo bike insurance company.
  • This company will cover third party losses of up to Rs. 7.5 lakhs.
Shriram Two-Wheeler Insurance:

Customers can purchase or renew two wheeler insurance online from the Shriram insurance company.

  • This company will cover all the damages and losses caused by accidents, disasters, and terrorist acts.
  • You can get third-party liability coverage of up to 1 lakh.
  • This insurance company has a good record of claim settlement.
  • You can take a personal accident cover of up to 2 lakhs.
  • This company is also known for its 247 claim settle service.
Royal Sundaram Two-Wheeler Insurance:

This company provides a wide personal accidental coverage for valued customers.

  • Customers can take a maximum of a 3-year plan from Royal Sundaram Two-Wheeler Insurance company.
  • If you shift your existing policy to this company then the no claim bonus will be transferred automatically.
  • Customers can contact the toll-free number of the company to register a claim.
  • Buyers can take no claim bonus benefit even after making a maximum one claim in a year.
  • The bike rider will get coverage of 1 lakh in case of an accident.
SBI Two-Wheeler Insurance:

Customers will get mandatory third-party liability coverage on purchasing a bike insurance plan from SBI 2 Wheeler Insurance company.

  • Customers can avail no claim bonus of up to 50 %.
  • The SBI Two-Wheeler Insurance policies will not cover normal wear and tear damages.
  • Customers can also opt for Personal accident covers of up to Rs. 1 lakh for the co-driver.
The need for a Bike Insurance Calculator:

There is more than 25 bike insurance companies working in India. So, it becomes very difficult to visit each and every website and remember their premiums. So, the Bike Insurance Calculator is a third party website that shows you the quotes of all insurance companies. It has a tie-up with all the leading insurance providers.

Need of Zero Depreciation Cover in bike insurance

Zero Depreciation Cover in bike insurance!

Whenever you purchase a new and expensive bike, you make sure to protect it from extreme damages. We cannot predict damages or accidents. Whether you are an experienced driver or a fresher one, it will not change the circumstances of the accident. So, it is better to be on the safer side and choose additional coverage. In that case, a zero depreciation cover is worth an investment for the protection of your bike. The insurance company will pay the complete cost of the bike without considering depreciation. So, purchasing a zero depreciation two-wheeler insurance is very helpful for every bike owner.

A comprehensive bike insurance policy is always there to provide coverage but it considers the depreciation amount. Depreciation reduces the actual amount of the vehicle hence the insurance company ended up paying the recent market price of the bike.

Benefits of Zero Depreciation cover:

Opting a zero depreciation policy is always beneficial. Here are some major benefits of opting a Zero Depreciation cover.

  • It will increase the savings and reduce the risk at the time of claims. Bike owners don’t have to pay much from their pockets at the time of making a claim.
  • The car owner will receive the complete amount including depreciation amount and after deducting some required amount in the policy.
  • Generally, the depreciation rate of two-wheelers varies from 0% to 40%. But with a zero depreciation plan customers don’t have to pay for the expenses of paintwork, rubber, and fiberglass parts at the time of service.
  • Customers have to pay 0% charges for the repair and replacement of spare parts whereas you have to pay 50%. charges for tubes, tires, & batteries.
  • If you own an expensive bike then it is also obvious that their spare parts are also expensive. So, people with expensive bikes majorly own this coverage while renewing bike insurance online.
  • Opting for a zero depreciation cover while purchasing two-wheeler insurance for your new bike will give your peace of mind. As you don’t have to take any financial stress in repairing the damage.
  • It widens the coverage of your bike in extreme damage conditions.

What is Zero Depreciation Cover?

Zero depreciation cover is an add on provided in two-wheeler insurance policies. It provides additional benefits to the cost of bikes by neglecting depreciation costs. It is obvious that the vehicle price will depreciate with passing time due to wear and tear. So, opting for a zero depreciation cover along with the basic plan is a wise decision. You have to choose this as add on while purchasing the bike insurance online. Most of the insurance companies provide this coverage option for new bikes of less than two years. The premium price will increase on opting zero depreciation for which you will receive a high claiming amount. Customers can opt for this cover both while purchasing or renewing Online Bike insurance.

Scenarios excluded under Zero Depreciation Cover:
  • If the bike damages due to mechanical defects then it will not be covered in the policy. 
  • Parts that are not mentioned in the policy will be covered in a zero depreciation policy. 
  • If the bike damages due to natural hazards then it will not be covered under the policy.
  • Damages caused due to mechanical wear and tear are not included in the policy.
  • It is important to go through the policy documents carefully as zero depreciation covers are only applicable for selected models.

Comprehensive Plan Vs Zero Depreciation Bike Insurance Plan-What is Better?

Comprehensive Plan Vs Zero Depreciation Bike Insurance Plan

It is not an easy task to compare two different insurance policies. Especially when it comes to Comprehensive vs zero depreciation in bike insurance. Both plans have their separate advantages and drawbacks. If you exclude any of these then you must have to suffer financial harm. These plans complement each other and provide combined protection to the bike. Overall, we can easily understand it by saying that Comprehensive Insurance + Zero Depreciation Bike Insurance = Complete protection and 100% Peace of Mind.

  • If you have purchased a new bike then a zero depreciation cover is suitable for complete protection. Whereas you own an old bike then a Comprehensive plan is enough to shield you.
  • Customers have to pay a high premium for choosing zero depreciation covers in a bike insurance plan. Comparatively, a comprehensive plan has low annual premiums
  • You can cover your bike in depreciation cover for a certain period of time. That time depends upon the insurance company, model, and variant of your bike. Most of the companies take it within two years of purchasing a bike. On the other hand, comprehensive plans are available for all types of two-wheelers.
  • The market price of bikes reduces with the passage of time. Hence, comprehensive cover will deduct the Depreciation cost of the parts while providing a claim. Customers can take a claim up to a specific amount for the predefined damages. You can find the list of damages in the policy document. The company will deduct all the taxes and charges before giving the claim. But on the other hand in Zero Depreciation cover, you will get the whole amount after reducing some compulsory deductions.

Role of zero depreciation cover in Comprehensive policy:

We have heard that a comprehensive plan provides the best protection against damages. But there are some exceptions in every case. So, there are certain scenarios where this comprehensive plan fails and customers don’t get the appropriate benefits.

  • A comprehensive cover is perfect for the reimbursement of damages for a well-used bike. It pays the expenses of repairing and replacement of bike parts as per current market value. Altogether, we can say that the insurance company will cut off the depreciation charges before settling the claim. But what happens if your newly purchased bike met with an accident and got damaged within a few days after purchasing. You have to pay the repairing bills disappointingly. Also, at that time a well-equipped comprehensive plan will be of no use and you have to pay money from your pocket. This damage will cost you too high.
  • Customers can protect themselves from this type of incident by opting for a zero depreciation cover at the time of purchasing basic bike insurance policy. When you purchase an insurance plan, you take it for financial protection as well as for mental peace. So, ignoring a zero depreciation cover while purchasing or renewing online bike insurance proves to be very disappointing.
  • As per the strict rules of government, it is important to have third party liability coverage for all the motor vehicles. So, purchasing a comprehensive plan with third party liability coverage is necessary to pay for the social losses.

Coverage provided in a Comprehensive Insurance policy: 

  • Comprehensive Insurance policy is a complete package of repair and hospitalization benefits. It will pay for the bodily injury, social property damage as well as for the damage of the vehicle. 
  • Comprehensive Insurance policy will cover all the major and valid reasons for damage. It includes accidents such as theft, accidents, riots, fire explosion, natural disasters, and terrorist activities.

Exclusions in Comprehensive Insurance policy:

There are some scenarios that are not covered in the Comprehensive bike Insurance policy:

  • Customers will not be able to make a claim after the expiry of the policy.
  • If the policyholder is riding a bike under the influence of alcohol, drugs, or any chemical then it will not be covered in the policy.
  • The insurance company will not consider the accidents or damage that are planned intentionally.
  • If you are using your personal vehicle for commercial purposes, then it will not be covered in the comprehensive policy.

Coverage provided in a Zero Depreciation Insurance policy

Zero Depreciation Two-Wheeler insurance plan is purchased by the owners of a new bike. This coverage does not deduct the amount of wear and tear of bike parts. 

  • Depreciation simply means the reduction of the market price of a bike due to wear and tear with the passage of time. Once you purchase the bike the depreciating amount starts to reduce. And it reduces till you use the bike.
  • In Zero Depreciation coverage, customers will get the total insured amount including the depreciation cost of the bike.
  • Customers don’t have to pay charges for repairing or replacement of most of the parts.

Exclusions in Zero Depreciation Insurance policy:

  • The insurer will not consider any type of wear and tear damages on the bike.
  • Zero Depreciation Insurance policy will consider selected parts for replacement at no charges. The company will take help price for other parts.
  • Natural calamities resulting in the damage of the bike are not covered in the policy.
  • Zero Depreciation Insurance policy covers only selected models of bikes that are expensive. If the age of your bike is more than 5 years then you cannot choose for Zero Depreciation cover while renewing the insurance plan. This timeline further varies from company to company.
  • Searching for a Best Insurance Policy through an offline method is very difficult hence customers can check Two-wheeler insurance online to get more benefits and advantages.

Points To Take Care while renewing your two-wheeler insurance policy?

two wheeler insurance renewal

In this fast-paced life, everyone is busy saving time and money. So, searching for the best two-wheeler insurance renewal plan is a very challenging task for every two-wheeler owner. The online insurance market is full of multiple misleading policies. These insurance policies have high premiums yet customers are not completely satisfied with the facilities provided. If once you have faced some difficulty in your insurance plan then you will surely not go for the same plan for next time.

You can purchase a two-wheeler insurance renewal either online or from a third party or broker. Brokers work on a chargeable basis and they will take extra charges for providing its services apart from the premium amount. So, you should know that online purchasing of an insurance plan is the best to save a handful of money.

Reasons to purchase a two-wheeler insurance renewal policy online: 

There are lots of positive reasons to purchase two-wheeler insurance online. But there are 5 main reasons that must be helpful and encourage you to purchase it online.

Save time: The whole process of buying an online insurance plan will take not more than half an hour including form submission and completing the payment. By purchasing bike insurance online, you will get saved from the hassle of searching for different insurance companies.

Convenient to buy:

As we all know that the internet and online market has the power to reach the customer within some clicks. So, It is truly a convenient and easy way to purchase a two-wheeler insurance plan online. You don’t have to visit multiple companies in order to search for a suitable plan that justifies your needs and does not become a financial burden to you.

Easy Comparison:

You can compare the various plans provided by different insurance companies. The entire process of comparison will be possible under the comfort of your home.

Low premium:

Asking a broker to purchase a suitable plan will cost you more than purchasing it online. You will choose the insurance plan according to your necessity and uncheck those facilities that are not required. This will also help you to lower your premium of two-wheeler insurance renewal. 

No paperwork:

The entire process will be completed online and you don’t have to carry hard copies for the claiming process. Also, e-documents will be sent to your mail id and you can keep it safe there.

What types of damages are included in a two-wheeler insurance policy?

If you are planning to purchase two-wheeler insurance online or want to renew your policy then you must know about the coverage details. The coverage details will help you to take the maximum benefit of an insurance plan while claiming. A good insurance plan must cover accidental damage, medical expenses of the injured person, and physical damage caused to the property. There are several other benefits that are optional while purchasing an insurance plan.

Personal Injury Protection:

If a person with insurance meets with an accident and is partially or completely disable, then he can claim up to 15 lakh rupees for personal expenses. This coverage only includes the bodily damage of the vehicle owner. So, you can opt for extra coverage of your co-passenger if you are buying it online. This cover applies when you are traveling, mounting, or dismounting from the insured vehicle.

Third-party liability Protection:

It compensates for the third party damage that is due to the accident of your vehicle. Third-party liability will also provide financial support in case of the insurance holder demise in an accident.

Theft Protection:

This will provide a compensation amount to the insurance holder if the vehicle steals. However, you can except this coverage if you are using the latest safety measures with your vehicle. Installing a GPS tracker, locking the bike properly, and keeping it in a garage or safe location will protect your bike from getting stolen.

Fire and explosion Protection:

If your bike is old and has an engine heating problem then you must opt for this coverage. This coverage will reimburse the cost of your bike in case of fire, explosion or any ignition hazard 

Natural or manmade calamities:

Any loss due to landslide, earthquake, flood or cyclones includes in natural calamities protection. Suppose you are living in a hilly area that is highly prone to landslides, or near the sea that is likely to flood. Then you can choose for this protection while two-wheeler insurance renewal.

You can also take protection for the unpredicted manmade calamities such as terror attacks, riots, and theft. Further, you can also neglect this if you want to lower the premium rates. 

Exclusions in a two-wheeler insurance policy:

  • Damaged caused due to wear and tear.
  • The damage due to war and nuclear weapons is not covered under the insurance policy.
  • The damage caused in the tire tube due to the running of the vehicle will not be considered.
  • Accidents due to driving under the influence of alcohol and drugs are not covered under any insurance policy.
  • Accidents due to over speeding are strictly unconsidered under the policy.
  • It is important to have a driving license of the driver or the bike owner to make a claim for two-wheeler insurance. Apart from this, the driver must have all the safety equipment such as helmet and shoes.

These are some basic coverage that is essential if you are driving your bike on the road. However, you can choose the coverage according to your requirement and financial sources. You can also opt-out of the coverages that are not mandatory for your bike and save a little more in the premium. Make sure to compare all the two-wheeler insurance policies side by side before renewing it. 

Why you should consider buying bike insurance online?

Bike Insurance Online

Many times, we ignore buying insurance when we buy things. But, buying bike insurance is something that you need to do at any cost. It not only provides financial assistance to you but also complete peace of mind. You never know, when a natural calamity or accident can hit you. In such cases, the best way to minimize high expenses is by buying bike insurance. To make sure that your bike is protected under any circumstances, you must buy insurance. Most of the people prefer buying bike insurance online as it comes with several benefits.

Two-wheeler insurance comes with different coverage plans. Let’s understand each of these in a detailed manner:

Third-Party Cover – This plan mainly covers the damages to the vehicle, property, or third party person. In this, the policyholder will not be covered with their damages.  If there will be any damage to the policyholder’s vehicle or the parts then there will be no coverage.

Comprehensive Cover – the comprehensive covers the vehicle as well as the policyholder. There are many other options for coverage that you get from this comprehensive cover. Because of different options, the comprehensive cover is having high premium than the third-party one. 

Apart from this, there are a number of factors on which the premiums of bike insurance depends. This includes a model of the bike, engine capacity, annual premium, and many more.

It has been seen that most of the bike owner prefers buying two-wheeler insurance online. How buying insurance online can be beneficial? Why two-wheeler owners look for the option of bike insurance online?

If you are also wondering about this then go through these below-mentioned pointers in brief:

All day-night availability

One of the most important benefits that no one can deny is 24 hours accessibility. When it comes to buying bike insurance, there is nothing technical that you will need to understand. Still, there are online companies of bike insurance that have an around the clock chat room where you can get your questions answered directly. Many times, people just forget to buy or renew their insurance. The only way is to go for online bike insurance to protect your bike from damages and yourself from expenses.  

Apart from this, the online insurance company also helps the policyholder in scheduling the payment reminders to avoid an accidental lapse.

Wide option with huge information

On the internet, you can get all the information and details that one could need while buying online bike insurance. Here, you can compare some of the shortlisted insurance plans on different aspects. Right from cover to premium, you can easily have a look at all these factors without anyone’s pressure or persuasion. In addition to this, you can find out all the terms and conditions of the company. 

Direct communication with the company

Whenever you will go to buy bike insurance online, you will make the deal directly with the company. There will be no mediator or anyone else. This means all the information will be given to you direct by the online insurer. With this, there will be more transparency in the information related to bike insurance. 

The biker owner will be assured of getting into direct conversation with the insurance company. So, there will be no confusion about the plan, cover, premium, or any other things. With this, you can make a better choice of insurance for your bike.

Convenience and no stress

Whenever we think of buying insurance for bikes, the first thing that comes to the mind is the hassle of form filling and then its confirmation. But, the online insurance buying process helps in relieving from all these hassles. One of the best things is that you can make payment via online modes for complete convenience and security. Also, you don’t have to get indulged in complicated paperwork. Right from claims to settlement, everything will be done online with complete peace of mind.

Not just this, you will get secured in terms of online payment also. When you make bank-to-bank payments through net banking or any other medium, it gets on record and reduces the risk of fraud. Thus, online payment is a secure payment gateway where you cannot be duped.

Not just one, there is a long list of benefits that one can get while purchasing the bike insurance online. If you will go online then find multiple insurance companies that provide online insurance for two-wheelers. Some of them include TATA AIG bike insurance, SBI two-wheeler, Reliance two-wheeler insurance, and many more. All that you need to do is to find a bike cover as per your requirement and buy it online immediately with no hassle.