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Two Wheeler Insurance Comparison - Factors to Look into

 

​Are you a bike owner? If yes, then it is certain that you love your bike and take care of it like it’s your baby. If you couldn’t agree more, have you considered the right insurance for your pride and joy? You can choose the right insurance policy for your bike only if you compare two wheeler insurance online. Only when you are aware of the different bike insurance policies on the market will you be able to choose the best bike insurance policy from the lot. Therefore, ensure that you compare bike insurance policies online. 

Factors / Features to be considered while buying a bike insurance policy
Choosing the best bike insurance could be a daunting task but it is not so much of a pain if you’ve done your best to compare two wheeler insurance online. While buying a bike insurance policy​, you must consider the following factors to ensure you get the best policy to suit your requirements:

  • Policy type​
You have two options to choose from:
a) Third-party cover: This policy is compulsory as per Indian law but it only covers liability towards third-party damage. 
b) Comprehensive cover: This policy is optional. In addition to the third-party liability, it also covers for damage caused to your own vehicle.

  • Types of coverage
You have a wide range of choice in terms of coverage for your two wheeler. Some of the examples are:
a) Collision cover
b) Vandalism cover
c) Bodily injury liability coverage
d) Property damage liability coverage
e) Personal injury protection etc.  

  • Factors that affect your premium
The features of your bike such as make and model of the bike, year of manufacture, place of registration, cubic capacity, additional accessories etc can affect the cost of your premium. So, in order to select the best affordable bike insurance, you must compare bike insurance online carefully to know the premium.

  • Insured Declared Value
You should be aware of the IDV of your vehicle because it is the value for which your vehicle is insured and it remains fixed during the term of the policy. It plays an important role in your bike policy.
  • Change of vehicle 
If you buy a new vehicle, your existing policy can be transferred to the new vehicle. There might be a change in the premium depending on the features of your new bike.
 
  • Change of vehicle owner
If you sell your bike, you can transfer your existing insurance policy to the new owner of the bike. Within 14 days, the new owner of the bike must inform their insurance provider and complete all necessary paperwork.

  • Claim process
This is the most dreaded part of the policy but it is important for you to go through it thoroughly in order to efficiently claim for settlement in case of damages.

Reliance offers up to 40% discount on two-wheeler insurance in addition to benefits such as cashless facility, hassle-free claim settlement, instant motorcycle insurance policy etc.  With the express quote feature, you can get a bike insurance quote in seconds. Reliance Bike Insurance offers a tailor-made policy for you that fits the bill perfectly. More importantly it gives you an array of amazing features at an affordable price.