Two Wheeler Insurance

2 Wheeler Insurance

In these days, many insurance companies are providers who only train there staff to sell the service policies from dealing with 2 wheeler insurance. We handle claims and provide good service to our customer. In the motorcycle policy, we offer you those extra benefits in the event of an accident. If a motorbike accident happened in your life that is not your fault or if you are injured, the whole cost of the medical treatment is paid by the negligent driver. The specialist offer for motorbikes riders that take the account can be needed. 2 wheeler insurance not only protects your bikes in the event of theft or crash, they also reduce the cost for motor bike rider.

Policy Coverage for 2 wheeler insurance

The Indian motor tariff of two wheeler insurance policy covers you for

- The policy covers any damage or loss caused due to natural calamities like fire, flood, earthquake and cyclone. The man made calamities like theft, strike and riot.

- The motorbikes insurance company provides accident relief fund to the individual owner of the vehicle.

- This protects against low legal liability arising from any death of the person.

In the 2 wheeler insurance, there are in two types, a specified rider for the person who rides the bike policy provided, specified bike insurance to a particular bike.

Many 2 wheeler insurance people think that in the winter season, they reduce the premiums by canceling the motorbikes insurance. They also think that the bike is locked in the garage. It understands what of those funny little terms mean that you see by your insurance documents, or know the event of a claim, and it is the right place to come. Many people open the account of the insurance and they take from the insurance company. It is a fact that most of the people in the world know this today. One reason of motorcycle insurance is so expensive is that there are a large number of high performance motor bikes on the road today and better ones are being produced all the time. In addition, that's what it comes down to for the motorcycle. Keep in mind that the insurance company is in business to make money, and not to lose it. People require the motorbikes insurance before driving in the public roads or in the highways. For some insurance company, they will pay for the treatment for a patient, whether he is injured in the accident. Even if he or she is killed in an accident, then the motorbikes insurance company will pay the whole amount to the insurer.

Source: [http://twowheelerinsuranceplans.weebly.com/blog/2-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. 

6 Types of Insurance Providers for your Two Wheeler

Accidents on roads don’t come calling you out. With reckless drivers swerving their rides on an equally pathetic road, things could get worse in the blink of an eye. To top that, if there is a bad weather, you are somewhat doomed. One slip from your bike and your hard-earned money flows out of your bank account like water. Yet, one should always be prepared. Therefore, there ought to be some risk protection and that comes with a decent bike insurance plan.

With matters of money, you should not hurry. You had bought your bike with a lot of money. It’s an investment and so you should be well acquainted with the law before you narrow down to one insurance company. Without proper knowledge you are likely to be duped, given, there are so many con websites and insurance companies mushroomed up.

The general law

Two wheelers out on the road must always have insurance on third party compensation. Although the coverage does not include compensating for the damage on your bike, it will help you to do the needful to a victim of your bike. This is the minimum coverage mandatory for every bike ridden actively on Indian roads.

You must be wondering what good will that do if you can’t fix your bike and only manage to save your face in front of someone else. It takes a lot of money to repair bikes, get the parts. The market prices are skyrocketing day by day. Well, certainly expert insurance plans are there for the same to save you.

Following are the points are to look for while you get your two-wheeler insured. You need to be well aware of what you exactly need for your two-wheeler and then begin the paperwork.

If your bike is damaged upon collision with a bigger vehicle, this insurance will pay for the repair of the same. If you are confident that nothing else can be the cause of damage to your bike than irresponsible drivers, then you can opt for this one.

The cost of repairing is too damn high and getting spare parts is an equally hard. It would be a good decision to get your two wheeler insurance with this one.

The Pillion-rider cover

For cars, one insurance policy encompasses all the people who get into that car. This is not the case for two-wheeler riders. A separate insurance plan has to be claimed for the one who rides behind the main one- the pillion rider. This is like an add-on and definitely involves you paying a bit of extra premium.

If it is only you and your bike, then you may not have to worry about this one. In case, there is a regular pillion rider, it is a human decision to get his/her life insured.

You are certainly not going to pay immediately, get a new bike, weeping, while there are ways to compensate your loss in case your bike gets stolen. Some neighborhoods can be rather violent where some goons might pick up your online two wheeler insurance and run off. Or a fire could break out suddenly leaving your bike in ashes. The vandalism coverage will ensure that you get the money.

If you don’t have this insurance, it is really going to hit you hard, this losing bike. So you better be safe than regret later.

Finally,

Check for discounts

Certain measures taken whilst insuring your bike could earn you lucrative discounts. If you are a member of the AAI (the Automobile Association of India), then you might be in luck about those premiums. Also, if there are devices such as anti-theft alarms fitted to your bike that gets you discounts.

There is a No Claim Bonus which states that if the insured does not claim for the money for a long time, they will get a discount.

[Source: http://www.daulatguru.com/index.php/blog/entry/types-of-insurance-providers-for-your-two-wheeler]