Online Two-Wheeler Insurance services: Buy and Renew

Since motorcycles are generally less expensive and affordable than cars, many people prefer them as a primary mode of transportation. This makes owning a motorcycle appealing to many people, but it also makes them vulnerable to accident repair costs and other hefty expenses if they don’t have proper motorcycle insurance in place.

Getting third-party bike insurance has become compulsory by law. Now, with the advancement of technology, you can get your bike insurance and process your two wheeler insurance renewal online from the comfort of your home. Here are all the prerequisites you need to know.

Online Available Two-Wheeler Insurance

If you are planning to purchase two-wheeler insurance, buying two-wheeler insurance online is the easiest and most secure way to go.

Steps to buying 2-wheeler insurance online

• Most insurance companies offer very affordable plans. These plans are specially designed for people who want to secure the future of their loved ones. First, you should research the best insurance plan that perfectly aligns with your requirements online.
• However, an essential clause not mentioned in most insurance policies is the vehicle’s ‘Insured Declared Value (IDV).’ It is the amount that the insurer has declared as the value of the vehicle after taking depreciation into account. So must check whether your insurance company is providing IDV or not.
• When choosing the right insurance company, the quality of their Claims Settlement Ratio (CSR) can help you make the right decision. The last thing you want to do is deal with the insurance company when you are in a car accident. That’s the top reason to go with a company having a good Claim Settlement Ratio (CSR).

Before you go ahead and buy third-party bike insurance online, here’s what you need to know about the legal documents attached to the policy.

• Avail the benefits of two-wheeler insurance renewal by paying the premium for it online. With this, you can save time making rounds around insurance offices and benefit from staying at home.
• Buying a two-wheeler policy online is a huge perk. You have a download of documents facility available, which you can use anytime, anywhere, without a physical document.

Renewal of Bike Insurance Policy:

Two-wheeler insurance renewal is an easy 3 step process, less time-consuming if done online.

Steps to renew bike insurance:

1. Log in to any trusted bike insurance provider website.
2. Renewing your bike insurance online is the ultimate convenience. You can save time, effort, and money. You will be asked about the bike details, which you need to complete to proceed further.
3. At last, make the payment for your bike insurance online by providing your card details.

Also Read: Best Car Leasing Deals

Bike Insurance available in India

1.      Third-Party Bike Insurance

When buying a two-wheeler, you need to look for third-party insurance. This insurance is mandatory for all vehicles plying on the road. If you are involved in an accident, third-party bike insurance will cover the damage to third parties and their property.

• This coverage is required by law.
• If you’re someone who wants to ride a bike with two wheels on the road, you need to be prepared for any eventuality that could happen on the road. Here third-party bike insurance comes in. It is needy for both the rider and the dwellers on the streets.
• Third-party bike insurance is a type of insurance that covers you against any accidental damages that you might have caused to someone’s property or vehicle.
• Some of the riders are not obeying the rules under third-party bike insurance. It is due to this reason that new rules have been implemented in the state to control the number of accidents. The new rules will help people get the policy quickly and easily.

2.      Comprehensive Bike Insurance

When we talk about bike insurance, we are talking about a comprehensive policy that covers both third-party liabilities and own damage to your bike. That said, it is essential to remember that third-party liability cover is a must-have for any bike owner.

• The own-damage cover is an optional coverage you should ideally opt for if you are a bike owner.
• It ensures that your bike is covered for any mishap on the road.
• A comprehensive bike insurance policy is the only way to protect yourself and your bike.

Benefits of getting your two-wheeler insurance Online

• Get Policies Renewed within seconds
• Easy to Manage
• Affordable
• Hassle-free Renewal- Two-wheeler insurance renewal or buying is no longer confined to buying a policy offline but can now be bought online in minutes. You can get instant quotes and purchase an insurance policy by just entering a few details, such as your vehicle registration number. All you have to do is visit the insurance company’s website and select the policy.