Online Shopping For Bike Insurance

There are a lot of people who are in need of better coverage for their motorbike and they don't even realize it. The thing is though, if you haven't shopped for coverage for a long time or even if you recently have, if you haven't been someone who took a lot of time to research the different policies, you are more than likely going to find that you do not have the best coverage for your needs. To figure this out, you are going to have to take a few minutes to do the needed research now.

If you have a current bike policy, you want to take a little time to review the policy to see exactly what is covered and how much coverage there is. Now, you still might not be able to see the problem, but once you start to learn about the different policies that are available you might be able to see that you really haven't had the best possible cover all along.

To find all of the available options in terms of policies, you are simply going to want to take advantage of the Internet. You could ask for advice on this, but you are still going to want to back up that advice with facts that you find on your own. This is the best way to make sure that you are indeed getting the best possible insurance coverage for your needs.

Once you have found what you believe to be the best type of coverage for your bike, you then want to do a little comparison shopping to make sure that you are getting the best price possible. For this, you will also want to make use of the Internet. This could take you a lot of time however, if you are not making use of the websites that can do the comparisons for you.

These sites are easy to use and are generally free of charge. They will take your information once and then do the legs work for you in order to make sure that you are getting only the best possible quotes. From there, you will have to contact the company you have interest in to get your policy started. This will include filling out an online application and going over all of your personal information again.

Try to make sure that you do a quick search on the company name in order to make sure that your Long Term Motorbike Insurance Online coverage is going to be through a company that is trustworthy. 

While you won't have a problem with the majority of the bike insurance companies out there, you will find that some of them have bad reputations that might have been well deserved. You want to make sure that you avoiding those companies at all costs. Follow these few simple steps and you will be able to know that you have coverage for your bike that simply can't be beat!

Source:http://bit.ly/2jNFkJk

Two Wheeler Insurance

Secure Your Online Two Wheeler Insurance With An Appropriate Cover

Two wheelers are the most economical vehicles of all. They have a better average and are easy to drive. Advancement in technology has added significantly to the speed of this vehicle and also made it stylish. Speed is thrilling but it's also dangerous. So every owner should prioritize his safety and thus guard his vehicle by buying Online two Wheeler Insurance .

The roads have got a really bad reputation when it comes to road safety. People hardly have any respect for traffic rules and the result is every month more than four lakh people are meeting accidents. 2 Wheeler Insurance Online is also important as a sharp rise has been observed in the crime rate over the years. A huge number of vehicle owners have lost their asset in thefts.

Online two Wheeler Insurance secures your vehicle in an appropriate manner. He, who has his vehicle insured, is able to stay relaxed and enjoy peace of mind. He is also able to focus in a better away on the other aspects of life rather than just being concerned about the safety of his vehicle.

Online two Wheeler Insurance  is applicable on motorbike and scooter. It secures your vehicle against a number of risks like fire, explosion, self-ignition, lightning, earthquake, flood, burglary, theft, riot, strike, malicious act, and accident by external means as well. The insurance industry is growing at a rapid pace and also witnessing extreme competition. Key players of the sector are offering amazing offers for their customers. The information about various packages from different companies is there available on the internet.

The benefits of buying 2 Wheeler Insurance Online are many. Not only one gets to choose an insurance plan that perfectly fits in his budget but also he is able to analyze and evaluate all the options that are there available in the industry. Policies can be both bought and renewed online. Payment for the same can be done using the advanced money tools like credit cards and net banking. Government has issued strict guidelines for insurance companies to maintain highest security standards in order to keep a check on the malpractices. Thus all the websites that provide the facility of payment are SSL certified. So your investment stays completely secure and yields you effective help and benefits in crucial time.

Most of the insurance companies these days issue digitally signed insurance policy. Thus the customer is able to have easy access to this important document from his desktop, laptop and mobile phone. When in need of the insurance papers on an urgent basis, the concerned person can have a printout of the online document and attach it wherever it is required. The online certificate is considered authentic and is easily accepted by all. The easiness to avail for insurance sitting at home through internet is an awesome feature. You just need not put any efforts. Neither are you required to contact any official for investment suggestions as everything is mentioned there. All you need to do is to make a wise choice for a happy future.

Source: [http://blogs.rediff.com/twowheelerinsurance/2016/07/09/secure-your-online-two-wheeler-insurance-with-an-appropriate-cover/]

Purchase Two Wheeler Insurance And Then Ride Your Bike

It is simply not possible to keep your bike covered in the backyard and not buy insurance for it. No matter how much you love it, it has to be driven on the roads. Besides being a compulsion by the law, bike insurance is absolutely essential to be purchased.

Recent studies indicate that around 75 per cent of the vehicles, especially two wheelers driven on the Indian roads have a lapsed insurance or do not own it. With a scenario where accidents are a frequent sight, it makes it even more mandatory for bike owners to purchase a two wheeler insurance plan.

While there are a few who may forget to renew their insurance policy, there are many who deliberately choose to not do so in order to save some money. However, they do not realise that doing so is as good as increasing the bill in the face of being fined or an unforeseen circumstance.

Those who believe in being efficient riders and hence not purchasing bike insurance - the answer is being practical and ensuring protection in advance. It is better to be safe than regret later. If you do not have bike insurance, here are the hurdles that may come your way.

Fine

You will be required to pay penalty if you are caught by the traffic authorities or police officials on the road without a proper insurance of your two wheeler. The punishment for this can either be a huge sum of fine or even imprisonment up to a period of 3 months. This is enforcement by the Motor Vehicles Act of India.

Legality

Those with a comprehensive two wheeler insurance policy never have to worry as they are covered for threats due to natural calamities as well as human beings. In case you meet with an accident during a time when your policy stands lapsed, you can be charged for reasons such as negligent driving as well for lapsed policy.

The other things that may accrue with an inactive policy include loss of no-claim bonus as well as time consuming process of renewal. With the presence of two wheeler insurance companies online, you can now purchase your bike insurance online. You can also find your two wheeler insurance quotes online through bike insurance calculator the websites of various insurance companies. There are so many insurance providers that offer smart two wheeler insurance plans in India.

[Source: https://twowheelerinsurance.quora.com/Purchase-Two-Wheeler-Insurance-And-Then-Ride-Your-Bike]

What Happens When You Do Not Buy Two Wheeler Insurance

The only time when your bike does not need an insurance policy is when you stop using it. You can simply park it in your backyard and cover it properly. After all, that is how you treat your beloved bike. However, never take risks by not opting for two wheeler insurance​ if you are still using your bike. 

According to a recent study, it has been found that more than 75% of two wheelers running on Indian roads either do not have a valid insurance policy or it is lapsed. Life is really unpredictable and hence you must always be guarded by an insurance policy. If you have forgotten to renew your two wheeler insurance policy, make sure you renew it immediately to avoid any kind of unforeseen situations. There are people who do not renew their policy deliberately just to save on a few bucks. No matter what your reason is, you must be ready to face the trouble if you are caught off guard as riding a two wheeler without a valid insurance policy is a serious offence in India. Here are the 4 types of hurdles that you could face –

Penalty

Whether it is a two-wheeler or a four wheeler, each and every vehicle must have insurance while plying on Indian roads. If you are caught without a proper policy, you must be ready to pay a very heavy fine or imprisonment up to 3 months. This rule is enforced by Motor Vehicles Act. 

Loss of No-Claim Bonus

When you don’t file a claim for years and years, the benefits are accumulated in the form of no-claim bonus. A person is eligible to get the no-claim bonus after a certain point of time. If your policy is lapsed for 90 or more days, the benefit of accrued no-claim bonus is lost. The no-claim bonus can also be transferred to your new two-wheeler if you are buying one. However, one cannot transfer it if the policy is lapsed.

Legal liabilities

A comprehensive two wheeler insurance policy covers you against all types of threats including the ones caused by human beings and calamities. If your two-wheeler is damaged when your policy is lapsed, the entire cost of repairing your two-wheeler has to be borne by you. If you meet with an accident on your two-wheeler, you could be framed for a couple of reasons; first one is for negligent driving and the second one is for your lapsed policy. You bear a lot of financial loss which could ruin the peace of mind of your family.

Lengthy process

If you want to make your lapsed policy active, you have to go through a time consuming process. The procedure of renewing a lapsed policy is as good as buying a policy. You may have to pay a higher amount to renew your lapsed policy.

[Source: https://www.reliancegeneral.co.in/Insurance/Blogs/Two-Wheeler-Insurance/What-Happens-When-You-Do-Not-Buy-Two-Wheeler-Insurance.aspx]

Why should you purchase a good 2 wheeler insurance plan?

Two-wheeler is the basic mode of transportation for millions of people across the nation. In India, affordability is not the only issue as even the people who can afford the cars prefer to travel on motorbikes to avoid getting stuck in the snarling traffic. There is no second thought that two wheelers come cheaper than four wheelers, with better mileage, savings on fuel, flexibility to travel and beyond that the happiness of those joy rides anytime and anywhere. So you cannot afford to lose it for silly reasons and the owner gets penalized for it.

To keep your vehicle safe from unnecessary problems, nature’s fury, manmade damages etc. it is better to buy a suitable 2 wheeler insurance policy. By acquiring an insurance policy, one can get the compensations for natural calamity or other reasons including, accident, fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide. Bike insurance offers you risk coverage towards self-physical injury, damage/loss of the vehicle and third party liability. Your bike insurance promises the insured, the longevity and safety to your beloved ride. It offers the necessary financial back up during uncertain events like third party damages, accidents or natural and man-made incidence. It acts as real protection during such crisis time.

Here are few reasons to own a suitable bike cover:

It offers a financial cover against damage or loss during natural calamities like flood, earthquake, tornado, etc. or during man-made riots or burglary incidences.

The third party cover protects you against issues arising out of injury/death or property damage of third party vehicle.

Beyond this it’s the mental peace of mind that you have a sound financial back-up to face such crisis. If there is total loss to your vehicle you get the necessary finances to buy a new one.

General Insurance segment cater hundreds of customized policies to customer that will fit in their budgets and cover exclusive needs. Most people just run into the purchase of policy without understanding the necessary terminology that will help them ease the process of 2 wheeler insurance policy purchases. Let’s understand the few necessary ones:

Premium

Premium is money paid at regular intervals usually yearly towards the coverage of policy. It depends on various factors like city of registration, vehicle make and model, age of vehicle, date of purchase, etc. IT is decided and regulated by IRDAI and there is not much variation across various companies.

Cover

This is the financial protection value provided to your bike against damage or loss due to natural or man-made calamity along with third party liability. It differs from company-to-company and policy-to-policy. It is calculated on the basis of Insured Declared Value decided upon by the insurance company after judging the value of your bike on certain parameters.

Exclusion

These are situation being not entitle to file a claim. Normal wear and tear, damage due to drink and drive, accident without owning proper license, or due to war or nuclear explosions etc. will not be included in your vehicle policy.

No Claim Bonus

These are those reward points that you get for not claiming the 2 wheeler insurance policy in preceding years. You can accumulate bonuses upto 60-70% in consecutive non- claim period. It is advisable don’t claim for petty scratches or dents instead wait for the amount to get accumulated and utilized it for lowering your premiums or higher claims.

Documentation

Whenever there is a claim on your policy you need to have set of documents required for making claim like vehicle registration copy, photocopy of insurance and FIR, seismic report if earthquake, or weather reports if natural disaster etc. So, you should keep the necessary document handy and get scanned copy of reports beforehand for hassle free claims. Choose your policy wisely making sure it suits your needs the best.

Keep Your Bike Safe with Best Two Wheeler Insurance Policy

In India, there are a large number of two wheeler owners plying on the road. The two wheelers are the best and most economical way to commute to small distances. It is a big responsibility to own a two wheeler. Your two-wheeler can face any misfortune at any point. It may get stolen, destroyed in a cyclone or flood, or it can be damaged in an accident. In such cases of damage to your two-wheeler, you need to be prepared with two wheeler insurance. Having insurance will help you in covering any damage done to your two wheelers and additionally, it is illegal to ride a two wheeler in India without a valid insurance.

There are mainly two types of two wheeler insurance offered y different companies that are:

Comprehensive Policy: A comprehensive insurance policy for your two-wheeler covers the damage done to your bike due to an accident, theft or a natural calamity. In addition to that, the insurance policy also covers the life of the occupant. The comprehensive policy also covers the damages done to the life or property of a third party involved in an accident due to your two wheeler.

Third Party Insurance: The third party insurance policy covers only the damages done to the life and property of a third party involved in an accident to your bike. It does not cover any damages done to your bike or your. As this policy does not cover any damages to your bike, the premium of such policy is very much lower as compared to the comprehensive policy. Although it is advisable to go for the comprehensive policy only as it provides you complete cover from any sort of damage.

There are many different factors that may affect the amount of premium you pay for your 2 wheeler insurance.

IDV or Insured declared value: The insured declared value of your vehicle has a great impact on the premium amount of your insurance policy. The more IDV implies that premium of the policy will also be more. Although you have to pay a bit extra of premium yet it is advisable to buy a policy with maximum possible insured declared value.

Capacity of the engine: The capacity of the engine of your two-wheeler also has a great impact on the amount of premium that you have to pay for the insurance policy. As the capacity of the engine of the bike goes up, the amount of the premium also increases significantly.

In order to stay safe and tension free, it is mandatory for the two wheeler owners to buy a valid and proper insurance policy.

[Source: http://www.cherlloydbrasil.com/travel-insurance/keep-your-bike-safe-with-best-two-wheeler-insurance-policy/]

Why Should You Compare Two-Wheeler (Bike) Insurance Policies?

Compare Two Wheeler Insurance

If you are a bike rider, we need not even tell you how you should take care of your bike. We are sure you do everything in your means to keep it (her?) safe. What about insurance though?

The best attention that you can give your bike is by choosing the right two-wheeler insurance policy; and without having to visit the numerous insurance companies. The best way to manage is to compare two wheeler insurance online. With so many insurance companies offering so many policies, it could be quite a tedious task to choose the best insurance policy that fits your bill perfectly.

Go back to the time you decided to purchase your bike. Did you just go for the first bike you saw without checking any other options? We are sure you did everything you could to make the final choice. So when it comes to safeguarding your beloved bike, won’t you go for the best plan that doesn't cheat you? Find the best two wheeler insurance plan that covers a lot of ground at a relatively lower premium – the very definition of "value for money".

With so many options of bike insurance policies available, it only makes sense to weigh all of them to make sure that you get the best cover. Here’s a short list of things you should quickly compare while choosing the right two wheeler insurance.

1. The Insurance Company: Research the two wheeler insurance companies basis the best claim settlement ratio, a good standing with respect to deductibles, network garages for cashless servicing etc. You could compare premiums between companies, add and subtract features (add-ons) that you choose in addition to help you protect your bike. You could do the math yourself without having to worry about the hidden costs that you feel companies impose.
2. Discounts and Deductibles: With deductibles, you agree to pay a certain amount from your pocket and in return the company gives you a discount on your premium. And while this is an amazing trade-off, make sure that you don’t commit to a huge amount otherwise you barely avail the benefits of your insurance policy.
3. Premium and Coverage: While we never (never ever!) suggest you to go for a cheap premium, we would definitely suggest you to compare the coverage’s at the same premium by different two wheeler insurance companies. Go for a policy that is the closest to what you need.
4. Quality of customer service and responsiveness: If your insurance company is non-responsive, it is a direct recipe for frustration and rants on social media. It makes sense to compare companies with respect to these features. You can either read about them or simply ask around. But remember to use your discretion as well.

[Source: https://bikeinsuranceblog.wordpress.com/2016/04/19/why-should-you-compare-two-wheeler-bike-insurance-policies/]

Understanding Two Wheeler Insurance Made Easy

In India, it is mandatory to own insurance cover if you wish to run your dream machine on road. And if the vehicle is used without the cover, then you will have to pay hefty fine for breaking the law. Many Indians own two wheeler like mopeds, bikes etc. to commute daily and move quickly during snarling traffic. Just as you use it for your convenience you should also understand that it is important to protect your bike from any mishap. It is typical mentality of Indians that whatever covers we have for four wheeler the same thing implies to bikes as well. However, two wheeler covers are different from bike cover. 

The article explains on how bike insurance works and what the claim procedure is for it:

Bike cover generally depends on various factors like type of bike you own, CC, the cost of bike, driving skills, place of living and much more. It covers you against any loss or damage done to your vehicle against natural calamities such as Fire, Explosion, Self-ignition, Lightning, Earthquake, Flood, Typhoon, Hurricane, Storm, Tempest, Inundation, Cyclone, Hailstorm, Frost, Landslide, Rockslide. Your policy lasts a year after which you can either choose to continue with the same policy, else change the policy to the company of your choice, if you’re not satisfied with their services. Today, maximum insurance companies provide best and customized policies online via their websites. Customers can simply login to their computer, laptops or tabs, fill in the details and purchase policy instantly while on the go.

Whenever bike insurance is purchased it is surveyor who inspects every aspect of bike such as shape, size, CC, costs, driving license and after this a value is declared for insurance cover known as “Insured Declared Value” that will be offered at the time of claim. For bikes companies cover accidents, break down to rider and pillion injury as well as 3rd party claims.

A bike insurance cover will cover every metal and plastic part inclusive of the wheel rims and engine. Tyres are sometimes not covered as they come with their own individual warranty from manufacturer. If you get an insurance provider covering so well & good it will be for you. Other consumables like nut & bolts and grease is not included.  Also, if your bike has previous scratches and cracks while renewing or buying a new policy, it won’t be covered in the 2 Wheeler Insurance policy.

3rd party Coverage is mandatory cover for any bike. It is the insurance cover in case of mishap happens due to the fault of the insurance holder. The damage cause to the other person involved in the accident is referred to as third party. In such cover insurance company is liable to pay for the third party damage pertaining to property, health or life loss (compensation) as well. In simple words, you hit a person on road; insurance company will pay for the injuries caused to the person.

The claim procedure works in simple way as well. Whenever there is an accident or an incident you have to call the claims department of your insurance company and let them know about the incident. Investigators will then inspect the bike and after a thorough assessment gives his or her go ahead. The necessary action is taken such as either the company pays the money or the customer has to pay for the repairs while the bike insurance company later reimburses the customer for the damages. The amount reimbursed is never in whole and it covers about 80-90% of the total cost.

Online Two Wheeler Insurance

Buy Two-Wheeler Insurance in 4 easy steps. Bajaj Allianz provides online 2-wheeler insurance with hassle free 24/7 claim settlement support.

How to get protect financially during accidents

Everyone has a dream of owning atleast some form of vehicle. However, your vehicle is not just a means of transport, it represents you personality, who you are, your living standard and sets you apart from the masses. Thus, it’s a highly cherished possession often a pride to own it. But as much as you love your vehicle, you cannot predict the unfortunate incidences. You may strike into an accident and there might be damages done to third party vehicle, property or health. In such situations if you don’t have insurance you’ll have to bear the financial losses done to you. Therefore, Indian government mandates atleast a third party cover if you wish to drive your dream machine on road.

Let understand what is Third Party Insurance?

In India, motor vehicle insurance can be broadly classified two categories: Comprehensive & Third Party Insurance (TPI). TPI protects you from liability arising from your vehicle being engaged in any form of accident that led to the injury, death or damage of an arbitrary third party. A comprehensive cover will incorporate third party damage, damage to your vehicle, physical damages to both the party. It is the most complete protection you can get and provides cover up to the insured amount. Third Party Insurance is more than just a like a safe-guard: It is mandatory, and covers any financial liability the policy holder may incur from a third party. 

How to get Third Party Cover

Most of the comprehensive car policies include third party cover. This works well as both benefits are offered in single policy. Online website are great place to shop your third party insurance cover as they help you easily to compare the cost of insurance and also provide you variety of options to choose as per your requirements. While comprehensive insurance has a fixed cover amount based on the insured vehicle’ s value, a TPI policy protects the insured from potentially higher liabilities faced in the event of any incident with a third party. This is of particular significance as in most cases compensation or pay-outs are decided based on the effected third party coverage.

Third party insurance can be bought instantly as they do not require vehicle inspection or reporting. They can be equipped with minimal pre-cover formalities. They are affordable and Cost Effective. Premiums of TPI in India have been updated recently and offer a flat rate across 3 segments. Each slab varies depending on the engine displacement of the insured motor vehicle. 

Features 

It is important you read all policy documents carefully before the purchase of third party policy. Most Insurance providers offer TPI with the following features –  Death or bodily injury to a third part, Damage to third party property, Accidental Death of the insured vehicle owner or driver and Permanent Total Disability of the insured vehicle owner or driver. Choosing a robust third party insurance policy ensures your journey remain stress free and sheltered from any third party damages. It gives a peace of mind that you have the advantage of being fully protected against third party liability at minimal costs. 

[Source:https://generalinsurancesite.wordpress.com/2016/03/08/how-to-get-protect-financially-during-accidents/]

How to get your bike covered with suitable policy?

Two wheelers have a lion’s share in India’s vehicle segment.  Whether it’s a guy riding his dream machine to his college or office or a girl going on her scooty to college or super market, the need and comfort of two wheelers driving through narrow lanes and hectic traffics can never be replaced by any other mode of transportation. Your bike plays an instrumental role in carving your path of freedom in life. 

However, when your bike gets accidentally damaged or damages done due to natural calamities, manmade riot incidences etc. you get shattered and suddenly you come under the burden of huge financial losses. Therefore, it’s important that you get a suitable two wheeler insurance cover for your vehicle. A good policy coverage will reduce your stress and provide relevant protection to your bike or scooter against any physical damage, getting stolen or a third-party liability.

Today, with various companies selling insurance policies online it has become all the more easy to buy policy at the click of button on your laptops, Tablets or Smartphones anytime and from any part of the country.  With rapid advent of internet facilities millions of Indians are purchasing two wheeler policies online and the number just seems to increase day-by-day. 

The sheer fact that online two wheeler insurance offers convenience, comparison, actual costs, transparency, discounts etc. makes it the most preferred mode of policy purchase. You can gather all the information under one umbrella, analyze it well and then go for policy purchase.

So, if you’re wondering how online buying has more advantages and benefits, the article offers some tips to follow during your purchase: 

Convenience:

The most important point is the “At your convenience” where you don’t have to visit companies, collect information leaflets, call up agents, fill up form manually, visit for submission, keep documents handy etc. With online facilities you can do it yourself anytime and from anywhere. From purchasing to renewal, queries to claims everything can be done online without wasting your valuable time and energy.

Safe mode:

Insurance quotes online are secured and it’s a secure buying as well. Today, reputed insurance companies ensure that there is proper encryption of data to shield your personal information. So, just leave your worries aside and go for reputed companies to purchase your two wheeler insurance companies. It is advisable check for the company prospects, customer handling feedback, and approach towards your concern and then go for your purchase.

Time and Money Savings

Two wheeler insurance online purchasing is both time and money saving. You get quotes of different insurance companies under single umbrella, you can compare the costs, and you can check the benefits and features along with discounts and then go for policy purchase. For any concerns you can have a live chat with the experts online and get a plan at the budget that suits you! These experts can also respond to any concerns and counsel you well on the features available from your policy.

Online purchases have grown gradually. If you have been considering about getting coverage for your bike or scooter, then, why wait in long queues? Go through the hassles on visiting companies, and collect information leaflets, fill up forms for purchase, renewals and claims? Two wheeler insurance online is now at your service 24 X 7 to give you a smooth and sorted insurance purchasing experience. 

Renew Two Wheeler Insurance Policy

The need to renew your two-wheeler insurance is as pressing as your need to refill your fuel tank – you cannot use your vehicle in a hassle free manner, if you do not do either.

Here is what you need to do

Step 1: Heed to timely reminders

If you have a policy that’s going to run out on you in a month or so, and you have been postponing the renewal because, well, there is time, you don’t have to anymore. You can renew your policy with us right now and be done with it, because your new policy will anyway kick-start only once the existing one is over. And what’s more advantageous is that you could get some awesome deals and offers when you choose to renew 2 wheeler insurance earlier.

Now even if you have just 2-3 days to renew and you are going a little crazy with the amount of work that’s pending and you do not have time for worrying about going online and finding the right deal, Coverfox can literally beam its spot light on your perfect policy and renew it for you within minutes!

Step 2: Compare quotes in existing companies

You may be extremely satisfied with your current company and may not want to shift at this point. But nevertheless, it is still advisable to compare quotes as rate revisions happen quite often. So, check for new quotes at each renewal and lose the risk of missing out on good deals. And to top it, an accumulated NCB could go wasted if you do not renew your policy within 90 days from its expiry.

Step 3: Check out for new and better deals with new companies

If you are being loaded on your premium and your company requires you to pay a higher premium than what you paid last, you might be considering shifting to a new company. Rightly so. If you have had a claim-free year, and your premium is not lower by 10-15%, you may have something to worry about. You could also check for add-ons if you want to better the efficiency of your policy.

Step 4: Why you should come to Coverfox to ensure everything is taken care of

1. We give you quotes from over 10 companies
2. The best of prices and deals are assured with help of professional advice from our Relationship managers if and when you have questions about plans that need to suit your profile
3. If you are a self-sufficient person, who can do without help, we admire ii! You can easily compare plans, choose your right policy and complete the procedure-the proof of which will lie in your inbox in less than 5 minutes.
4. We make process lazy-proof by making it document-free. You simply do not have to fill out long forms or submit a handful of documents. The destination is much closer than what it seems to be.
5. The icing on the cake is this – which you do not have to worry about remembering the finer details, renewal date and entitlements of your policy. No more lapsed policies either. Because we take care of all that for you. Even if you miss the deadline of your renewals, we are here to help you with easy renewals on expired policies of two-wheelers. But just don’t make a habit of it!

[Source: https://www.coverfox.com/two-wheeler-insurance/renew/]

Two-Wheeler Insurance Policies to Get Cheaper, Easier To Buy

Comprehensive two-wheeler insurance policies would soon get cheaper once policies with three-year validity come into effect. Large insurance companies such as ICICI Lombard and Tata AIG General Insurance, apart from government-owned companies, are planning to launch policies with riders for customers.

To enable long-term motor insurance for two-wheelers, the Insurance Regulatory and Development Authority (Irda) has introduced a long-term motor third-party insurance policy for two-wheelers with a three-year term.

Irda said the total premium charged for the third-party coverage would be three times the annual third-party premium for two-wheelers as decided by the regulator. Motor third-party premium is regulated by Irda and the regulator brings out revised rates for these policies every year based on the claims experience. Third-party motor insurance is mandatory in India.

The insurance regulator also said that the premium would not be revised upwards or downwards during the period of the policy. According to insurance industry executives, two-wheeler owners would opt for these, since there would not be any premium fluctuations for the three-year term unlike one-year policies where the premium would be revised every year.

Sector officials said the firms would save costs by not having to renew policies every year. This, they said, would be passed on to customers in the form of discounts on the ‘own damage’ front. Customers would also get an option to stay with their one-year policy or opt for a three-year policy.

Third-party motor insurance includes two parts, own damage that protects the driver/owner from accidents and third-party cover that covers liability from third-party accidents. Third-party cover is mandatory, while own damage is optional.

General insurance companies have already planned to launch products. Madhukar Sinha, national head (personal lines) at Tata AIG General Insurance, said his company would file a product in tandem with the Irda guidelines.

He added add-ons could be offered with the policies, subject to Irda approvals.

“With respect to the pricing of the product, we are analyzing the past trends for a suitable pricing mechanism.”

From April 1, 2014, third-party premiums in the two wheeler insurance category were raised by 9-10 per cent, compared with the proposed 1-45 per cent across segments – sub-75cc, 75-150cc, 150-350cc, and more than 350cc.

Sanjay Datta, head of underwriting and claims at ICICI Lombard, had earlier said the insurer would launch a motor third-party policy for two-wheelers after filing the product with Irda. Thereafter, the company would file a comprehensive two-wheeler plan, he added.

Irda also said that the entire premium would have to be paid in one installment and insurers would not be able to cancel the standalone third-party cover in any circumstances except for ‘total loss’. In case of cancellation of policy under total loss, premiums for the full unexpired years would be refunded. Non-life companies wanting to introduce these policies will have to submit a letter of intent to Irda.

According to the regulator, since there is also a need to have long-term comprehensive cover including own damage and third-party covers, insurers can also file three-year term comprehensive policy for two-wheelers. While the ‘own-damage’ motor segment covers losses to self during accidents, motor third-party covers liability to a third-party caused by a vehicle owner during an accident.

[Source: http://insuranceblog.asia/two-wheeler-insurance-policies-to-get-cheaper-easier-to-buy-2/]

How to Compare Two Wheeler Insurance Online

We all love our two wheelers because it gives us the freedom to commute anywhere at any time of the day. It is one of the most efficient and cost-effective ways to commute. It is essential that we take an insurance cover for our two wheeler after comparing two wheeler insurance policy online. Though it is mandatory by law for all two wheeler owners to have a two wheeler insurance, it is advisable to voluntarily opt for the insurance cover as it takes care of the repairing charges of the bike in case of any accidental damage.

How to compare and buy two wheeler insurance online

Here are some steps that will help you compare and buy two wheeler insurance

1. There are 2 types of two wheeler covers which you can avail, one is Third Party Two Wheeler Insurance which covers the cost of damage caused by your vehicle to a third party. It could be another vehicle or another person and this insurance component is mandatory by law.

 The second cover is a Comprehensive Two Wheeler Insurance which provides cover against damage to other vehicles, people and the damage caused to your vehicle also. The cost of repairs of your motorbike will also be included in this.

It is advisable that you purchase a comprehensive two wheeler insurance policy which includes both the above components.

2. Consider factors like Hassle-free claim settlement, quick and easy steps to purchase and renew bike insurance online and 24×7 claim support of the insurance provider before purchasing your two wheeler policy online.

3. Instead of choosing the cheapest cover you must look at which policy provides you the most comprehensive cover for your two-wheeler. Compare the add-ons you get with the policy cover. For example, add-on covers offered by Bajaj Allianz include Depreciation Shield, Engine Protector, and Consumable Expenses etc.

4. Do check out the insurance provider’s claim settlement process and how user-friendly it is.

5. Compare the exclusions of your two wheeler insurance policy before making the purchase.

Renew your two wheeler insurance timely and save unnecessary hassle and costs. Comparing and buying two wheeler insurance policy online was never easier.

[Source: https://support.bajajallianz.com/support/how-to-compare-two-wheeler-insurance-online/]

Bike Insurance

Two Wheeler Insurance can cover losses due to traffic accidents or theft to owner of a vehicle, who is the policy holder. 

We, offer you the easiest way to Compare and buy Motor Insurance Quotes offered by leading Insurance companies in India and help you to save your time and money by giving you the choice of best motor insurance products to compare and purchase online.

Legally, no Two Wheeler vehicle is allowed to be driven on the road without valid bike insurance. Hence, it is obligatory to get the vehicle insured. Two Wheeler Insurance Policies cover against any loss or damage caused to the vehicle or its accessories due to the following natural and man made calamities.

Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Man made Calamities: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

Key Benefits

Get your two-wheeler insurance or insurance renewal in easy steps.

Towing facility in an event of a breakdown/accident.

Optional Personal Accident cover for co-passengers.

In case you have installed ARAI approved anti theft device in your vehicle, you can avail a discount of 2.5%.

You can insure your vehicle accessories under electrical and non- electrical items.

[Source: http://www.bajajallianz.com/Corp/motor-insurance/two-wheeler-insurance.jsp]

Two wheeler insurance

Why Do You Invest In A Two Wheeler Insurance Policy?

Bike insurance or two-wheeler insurance has an important role to play in the lives of bikers. It pays off in the wake of a crisis by offering financial support. Read on to know more about two-wheeler insurance and why it's so important. Two Wheeler are the most useful motor vehicle: Two wheeler are a very useful motor vehicle one can posses to travel to anywhere quickly without wasting time. Bikes are one of the fastest modes of transport and are available to a wide range of audiences from the mid income groups to high value people. However, along with bikes, there come a number of risks which should also be minimized. These risks can be dangerous and also unexpected. So what does one do if such an unexpected event hits them and leaves them helpless? There are various after effects which can be catastrophic financially and leave an individual helplessly in deep crisis. So how to stay protected from such risks? Bikes are after all more reasonable than cars and a very useful personal vehicle. Here is the solution: Two wheeler insurance is one of the most popular and useful financial protection one can have when an emergency situation arises. Many insurance companies and banks provide a comprehensive two wheeler insurance coverage plan for two wheeler motor vehicles. Here are some of the areas which they generally cover: Any loss or damage caused to the vehicle due to the following natural and man-made calamities: Sometimes natural calamities like fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, can cause catastrophic damages. Also manmade calamities like burglary, theft, riot, strike, malicious act or even accidents by any external means can be very damaging. Motor insurance policy also provides a compulsory personal accident cover of at least a lakh for individual owner of the vehicle. They are always insured while traveling in, mounting or dismounting the vehicle. There are many legal liabilities when it involves a third party. But insurance policy ensures that bikes are protected against legal liability arising due to accidental damages, any permanent injury or death of a person and any damage caused to the property. A two wheeler insurance is a necessity for any bike rider as it's one of the best financial security they can have when involved in an accident. It provides the cushion of avoiding the extra expenses for two wheeler repair services and other necessary damage costs like third party expenses. The Benefits: A two wheeler insurance policy ensures the maximum number of benefits which one can ever wish for. Here are some of the benefits for two wheeler insurance: Insurers can claim facility at cashless garage networks located across the country. If no claim is made during the policy period, a No Claim Bonus (NCB) is offered on renewals. Sometimes the discount rate for NCB can be as high as fifty percent. It's very easy to transfer full benefits of No Claim Bonus of motor insurance policy from one insurance company to another. The discount rates for the individual account in the new company remains the same as it was in the old company. This can happen only if evidence is shown which makes an individual eligible for No Claim Bonus from previous motor insurance. So apply for bike insurance and avail the aforesaid benefits. They are very important benefits which can be a secured back up at the time of emergency. Bike insurance companies often tie up with two wheeler companies to ensure that riders don't evade the road risks which can hit them from anywhere. Two wheeler insurance is one of the best safeguards against extra financial burden incurred during times of emergency. Source from: http://goarticles.com/article/Why-Do-You-Invest-In-A-Two-Wheeler-Insurance-Policy/9342066/