Do's And Don'ts When Buying Bike Insurance Online
Have you ever wondered what are the things important to keep in mind when purchasing bike insurance online? Read on to find out.
In today’s world, almost everything can be done online. Purchasing bike insurance is no exception to this new trend. You are easily able to buy insurance online and able to customise it to your needs. However, it is important to be aware of all the different factors which will affect your insurance. It is crucial that you are well equipped to make a decision about insurance after having researched your options well. The following is a list of Do’s and Don'ts which will help you in this process.
Do's And Don'ts When Buying Bike Insurance Online
Keep in mind the following Do’s and Don’ts to make sure that you choose the best possible bike insurance for your needs.
- Do’s
- DO Compare Different Insurance Policies Before Purchasing
Make sure to compare different insurance options available to you before you make a purchase. You will want to compare things such as the premium, any available discounts, the extent of coverage, and more.
Further Reading: Benefits of Comparing Two Wheeler Insurance
1. DO Check For Add Ons
Add ons are additional coverages which will help you strengthen the coverage offered by a standard comprehensive insurance policy or a standalone own damage insurance policy. Some examples are as follows:
- Engine Protection Cover: This is useful if you live in flood-prone areas where your engine may get damaged, which would not be covered by a standard insurance policy.
- Accessories Cover: If you have installed expensive accessories in your bike, this is advantageous to purchase.
2. DO Consider The Insurance Company As Well
Not only will you need to compare the different policies, but compare the company as well. This means checking up on things such as customer service availability and claim settlement history, which are important aspects of your interaction with the insurance company.
Also, Read: Best Two Wheeler Insurance Companies
- Don’ts
1. DON’T Sacrifice Coverage For A Cheaper Premium
It may be tempting to go for whichever insurance policy is cheapest. However, it is in your interest to opt for a robust coverage, as this will provide you a better financial safety net in case of any damage to your bike. Available coverage is of three types:
- Third Party: The minimum coverage mandatory by law, it will cover any damage or loss sustained by a third party involved in an accident with your bike or two wheeler.
- Standalone Own Damage: This coverage will protect you in case of damage to your own vehicle, and accidents not involving a third party.
- Comprehensive: The strongest coverage, it is a combination of the above two types of coverage and is advisable to purchase.
2. DON’T Skip Over The Terms And Conditions
It is important to carefully read through the terms and conditions of your policy to understand the inclusions and exclusions which will apply. It is necessary that you are well equipped with this knowledge as it will come in handy at the time of filing a claim.
Conclusion
Before purchasing bike insurance online, make sure to research thoroughly. Ensure that you are well aware of the different features of the policy that you end up purchasing, as well as of the insurance company that provides it.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
