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

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]

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.

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/]

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]

Is Long-term Insurance Cover Right for Your Two-wheeler?

Do you know among 10 crore two-wheelers in India, approx. two-third are not insured. A two-wheeler rolls out of showrooms with cover, thanks to a mandatory clause and offers from auto dealers and brokers. But, by the second year, most fall out of the insurance net. To combat non-renewals, the Insurance Regulatory and Development Authority of India (IRDA) had, last year, allowed long term two-wheeler insurance policies with tenure of up to three years. As of now, only New India Assurance has launched a long-term two-wheeler motor policy, though many companies are likely to introduce such products in near future.

Benefits of buying long-term insurance

Buying a longer tenure policy is not mandatory, but an option. One main advantage of buying long-term insurance is that you need not worry about renewing your policy annually. A break in renewal can delay a policy purchase process in future. Once the policy lapses, most insurance companies insist on inspecting the vehicle before renewing it or issuing a fresh policy.

Motor law in India makes third-party insurance cover mandatory. It covers the liability of a third party in case of an accident. Insurers say the three-year tenure will reduce cost of issuing policies, administering them and follow-ups for renewals. This could also lead to lower premiums as insurers could pass on the saving to the customers.  

The insured will get a 30% discount on the three-year cover and will be entitled to no-claim bonuses post the tenure. The company offers discounts of 20% and 30% on two-year and three-year policies respectively. You could also save on premiums if you buy a long-term third party liability cover as IRDAI hikes third party cover tariffs by 20% every year.

Roadside assistance is an essential aspect of your car maintenance and protection. In the unfortunate event of a breakdown or accidents, it is of great help.  If you feel your current bike insurance is able to take care of such emergency requirements, you can avoid buying a standalone policy. However, if your current car insurer does not give ample features in its add-on roadside assistance plan, go for a standalone policy.

[Source: http://www.policybazaar.com/motor-insurance/car-insurance/articles/know-all-about-roadside-assistance/]

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/]

Why should you get your Two Wheeler Insured?

Maybe situations like this do not occur every day with you. However, it’s pretty evident that accidents are pretty common.  Maybe you had nothing to do with reckless driving, but still became a part of it! Can you think of the kinds of costs you could incur if your vehicle was damaged. Worse would be if be if you collide with someone and they file a legal claim against you!

How do you avoid such situations? Well,

1. Drive Safe
2. Get Insured.
3. 
   

“75% of two wheelers in India are not insured, despite it being illegal”

May 2015, the Insurance Regulatory and Development Authority (IRDA) stated that 75% of two wheelers in India are not insured, despite it being illegal! Yes riding a vehicle without a 3rd party liability is illegal and can lead to heavy fines, and or prison punishments. So, having an insured vehicle is not only the right, but also the wise thing to do.

How will insurance benefit you?

1. It will cover the expense of your vehicle damage and medical expenses- provided you are not underinsured – ( Link to why not be what coverage to get article)
2. In the event another person is hurt or his vehicle is damaged, insurance will cover his vehicle, property and life damages too.
3. A peaceful night’s sleep that you are doing the right thing legally and monetarily.

Now since you are convinced as to why to get Bike Insurance, do check out our HOW /what to section for the same 

The regulator also said that the premium would not be revised upwards or downwards during the period of the policy. While the regulator has begun with the two wheeler insurance segment for the long-term policy, it is expected that this will be extended to private cars, too. However, the pricing norms would still be the same.

New India Assurance, the country's largest general insurer has already got the regulator's nod for a comprehensive two-wheeler policy with a term of three years. This will be launched after few weeks. Here too, the pricing is expected to be twice or above that of the one-year product.

The regulator has said that since there is also a need to have long term comprehensive cover including own damage and TP covers, insurers can also file 3-year term comprehensive policy for two wheelers.

While the own damage motor segment covers losses to self during accidents, motor TP covers liability to a third party caused by a vehicle owner during an accident. 

[Source: http://www.turtlemint.com/blog/why-should-you-get-your-two-wheeler-insured/]

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/

Two Wheeler Insurance A Few Things To Keep In Mind

Two wheelers are usually the first buy for many youngsters to go to college, the workplace, etc. For some people it is their priced possession until they graduate to buying a car in life. Thus, it is important that you protect the vehicle and get coverage and protection against accidents and mishaps. Buy a two wheeler insurance policy that would cover it against natural and man-made disasters like fire, earthquake, flood, burglary, theft, riots or any damage caused to the vehicle through other means too. Nowadays you can get two wheeler insurance as well as other insurance policies online and you don’t have to wait in long queues and go through lengthy procedures to buy an insurance policy. Buying two wheeler insurance online will in fact save your time as well as money if you do thorough research of various discounts and offers provided by your insurance company. Two wheeler insurance is of two types, one is comprehensive and the other is third party insurance. Third party insurance is to be bought mandatory by law. Thus two wheeler insurance will cover liabilities for injury, death or harm of third party's property because of an accident. The insurance will also cover the pillion riders’ expenses if you opt for it. Third party insurance will help you protect you save money by recompensing the injured third party. If you, as the rider or owner, have endured injuries due to an accident or a mishap, you can also get covered with the help of two wheeler insurance. The two wheeler insurance will also offer compensation in case of disability or death too. Your two wheeler insurance will not only cover damage occurred due to unforeseen things, but it will also be easy on the pocket and help you save money. Having two wheeler insurance in an urban lifestyle is the most important thing considering there are so many out there on the road and anything could happen anytime! To keep yourself free of worry and trouble, it is advisable to put enough thought into buying the right two wheeler insurance so that you dont incur any losses or miss out on any discounts offered by your insurance company. Two wheeler insurance is not very different from buying car insurance, but there are certain differences that one must take care of while buying insurance. Dont forget to inquire about the essentials at your insurance company helpline or send them an e-mail. Source from: http://insuranceblog99.blogspot.in/2013/12/two-wheeler-insurance-few-things-to.html

Importance Of Having Motor Bike Insurance

For many people their two-wheeler whether it a bike, scooter or a scooty is a very precious possession. But people often ignore buying motor insurance for their Bike as bikes are not expensive as a four-wheeler. But this doesn’t mean that you need to ignore insurance for it. Motor insurance ensures that your bike remain safe and secure. Increasing number of road accidents makes it even more important to insure your bike.

Third party motor insurance is mandatory by law for two-wheelers as well. But having a comprehensive motor insurance policy for two-wheelers makes more sense. A comprehensive two-wheeler insurance policy provides covers for the liability arising out of the third party as well as the loss or damage to your own two wheeler.

Bike insurance online policy compensates you for the loss against physical damage, theft and third party liability.

Motor insurance policy provides cover for natural calamities such as flood, earthquake, lightening, cyclone, fire, self-ignition etc.

Motor insurance policy for bikes also provides cover against the loss or damage of two wheelers against man-made calamities such as burglary, theft, riot etc.

The cost for renewing bike insurance online is very nominal. However, you can further reduce it by comparing policies across companies and buy it online. You can buy your bike insurance online. 

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How are your purchasing insurance for your bike?

Driving a motorcycle without a valid insurance policy can not only land you in trouble with the authorities, but can also burn a big hole in your pockets in case of a road mishap. Despite the fact that third-party motor insurance is mandatory under Indian law, still many bikes plying on roads across the country are not insured. Insurance is not just an object it’s a subject of safety which safes you from third damage cover, your bike damage including physical harm, if any. The earlier a two-wheeler owner realizes the benefits of third-party insurance, the better it is for him or her because, in case of an accident, he or she could be left poorer by a few thousands of rupees. Though one is not required to insure one's vehicle against damage or theft under the law, but its better you consider insuring the vehicle from such threats as well. 

While there are various methods to insure your two wheeler such as handing over the job to trusted insurance agents, calling up customer service & visiting the branch etc. one good option which has emerged over the time is two wheeler insurance online. One of the most convenient method of modern day insurance purchase, it is quick and hassle free as well. A computer or laptop or your phone and internet connection are just minimum requirements that you need to have and there you’re started with the journey of buying bike insurance online.

Today insurance agents do not show interest in promoting such products because of the small ticket size of two wheeler insurance. To insure a motorcycle worth, say, Rs 60,000, the annual premium works out for the mere amount of around 1,600-2,000, including 460 for the third-party cover. It is a small amount, but two-wheeler owners tend to ignore it altogether. Once the policy lapses, getting the vehicle insured becomes a tedious task. The vehicle has to be physically inspected again and the owner has to go through a lot of paperwork. People find it inconvenient to go through the process of getting their vehicles inspected if the insurance has expired. But people don’t realize that somewhere the fault is theirs as well as either they skip to renew the insurance deliberately or unintentionally. 

The bike insurance online advantage

According to market experts two wheeler insurance accounts for barely 12% of the total premium of motor insurance. And the high lapse rate seems to be a silver opportunity for insurers to boost premium income especially through bike insurance online. The world is getting tech savvy now. People are getting more and more addicted to things at the click of buttons. So promoting two wheeler insurance online is the best ways to target the new era customers. 

Many insurance companies have started schemes that allow bike owners to get their vehicles insured online without physical inspection. "Companies are also going to an extent of taking a slight risk with their decision to waive the pre-inspection in case of online renewal of expired two wheeler policies. Understand that such efforts are taken by company only to promote two-wheeler insurance in India.

Researchers say such efforts are yielding positive results and more and more people are now buying two wheeler insurance online to avail the benefits. It is advisable that if you decide to buy an insurance policy for your vehicle after a break, take a close look at the fine print. For instance, the cover may not start immediately. Also, if the vehicle is being insured online without inspection, the risk inception date starts three days from the date of issuance of the policy. Physical route is always about utilizing your time along with energy but buying bike insurance online or renewing it online is only about investing your time and save your valuable energy.

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Bike Insurance Online Plans

You love your bike like your own baby. You clean it and polish it every Sunday. You go zooming in it all around the city. Yes, your two-wheeler is an important part of your life. It is your necessity and pride too. Keep your two-wheeler safe and secure. Get your pride possession insured and stay at peace.

A two- wheeler insurance policy provides financial cover to bike or scooter against physical damage, theft and third party liability. It includes insurance for motorbike, scooty or a scooter.  With poor road conditions in India and no driving ethics two-wheeler insurance is your only savior on the roads.

Key Benefits of Two Wheeler Insurance

Buying a two-wheeler insurance policy online is a hassle-free and instant process. Some of the key benefits of buying a 2 wheeler insurance policy online are:

•             Cashless settlement at preferred workshops

•             Instant claims assistance and support 24x7

•             Third party property damage and third party physical injury coverage.

The premium amount is calculated based on:

•             IDV of the vehicle

•             Cubic capacity of the vehicle

•             Zone of registration

•             Age of vehicle

Benefits of Expired Two Wheeler Insurance Policy Renewal Online

If it slipped your mind and you forgot to renew your two-wheeler policy thus letting it expiry then you need not fret. You can renew expired policies online at PolicyBazaar completely hassle free and within minutes.

The benefits that you get on renewing an expired two-wheeler insurance policy through PolicyBazaar are:

•             Get your bike insurance renewed without inspection and documentation.

•             Pay no extra charges.

•             Instant policy issuance.

•             No previous policy details to be provided for cases where the policy has expired for more than 90 days.

Online renewal of expired bike insurance online policy is quick and easy.

Benefits of Bike Insurance online Policy Renewal :

Bajajallianze.com  gives you an option to renew the in-force status of a motorbike policy, the term of which will expire. When you buy online you can:

•             Compare plans from leading providers

•             Save money by comparing policies side-by-side and choosing the one that fits your pocket best

•             Get assistance from our call centre

Renew your insurance timely and save unnecessary hassle and costs.  You can even get scooter insurance, scooty insurance and motorcycle insurance. Infact any type of machine that runs on two wheels comes under the ambit of two-wheeler insurance.

What is Covered by a Two Wheeler Insurance Policy?

Two-wheeler insurance policies provide coverage for:

•             Loss or damage of two-wheeler against natural calamities like fire, explosion, self-ignition or lightning, earthquake, or flood.

•             Loss or damage of two-wheeler against man- made calamities like burglary, theft, riot, strike, malicious act and accident by external means as well.

•             Third party legal liability provides protection against legal liability arising out of an injury or death of a third party and property damage of the third party due to accident of your own vehicle.

Understanding Important Terms

•             Third Party Two Wheeler Insurance Clause

It is a comprehensive insurance policy that provides covers for the liability arising out of the third party as well as the loss or damage to your own two-wheeler.

•             Liabilities under Two Wheeler Insurance

It provides financial cover for the insured vehicle if it causes injury, death or property damage to a third party. It also covers cost of any legal liability.

Get two-wheeler insurance at unbelievable competitive rates and without any hassles. A complete win-win situation!

Welcome To Two Wheeler Insurance Policy

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

Why Two Wheeler Insurance

Legally, no Two Wheeler vehicle is allowed to be driven on the road without valid 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.

Two Wheeler insurance provides compulsory personal accident cover for individual owners of the vehicle while driving. One can also opt for a personal accident cover for passengers and third party legal liability.

Source from: http://www.twowheelerpolicy.in/two-wheeler-policy-in-india.do