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]
