Two Wheeler Insurance: Some Useful Tips And Facts

Now that you have bought a two-wheeler, you need to look for the right two-wheeler insurance policy that will secure your vehicle from losses resulting from damages due to any untoward accident. Most people pay for vehicle insurance to avoid getting trapped into legal hassles. They fail to realise how the insurance policy acts as an indemnity against unforeseen monetary loss or huge financial expenditure.

The internet is home to various insurance companies sharing their products on their respective websites in addition to online insurance aggregators who publish details of every available insurance product offered by insurers on their portals. While the entire process has become relatively easy and inexpensive, it is necessary that vehicle owners keep in mind certain tips and facts that would help them choose and buy the right two wheeler insurance policy.

Know The Damages That Your Policy Covers:

In addition to the third-party liability cover, motor vehicle insurance contains scope for buying a comprehensive insurance cover too. Since the third party liability cover shields only the third party involved in the accident against losses resulting from damages, it is important that one pays for a comprehensive cover too that would help escape payment of bills raised against repairs and maintenance. The nature and extent of cover is unique to each motor insurance policy. It is necessary to check if the insurance policy you have chosen is in sync with your needs.

Bike Insurance Add-on Covers:

One can however choose to pay for bike insurance add-on covers also that can secure them from losses owing to specific damages or unwarranted expenses in future. The common add-on covers which most insurers provide are personal accident cover, roadside assistance cover, daily cash allowance cover, no-claim bonus protection cover, zero depreciation cover, etc. However, this means greater premium payments. So, one must choose to pay only that add-on cover that is deemed necessary to save on premium payouts.

Buy Two Wheeler Insurance Online:

Buying or renewing insurance policies online are cheaper than those done in the offline mode. This is because the insurers save on the intermediary and administration costs particular to offline policies that they then pass on to their customers.