Guide to Changing Your Two-Wheeler Insurance Policy Online

Published On Oct 13, 2021 10:01 AM By InsuranceDekho

Two-wheelers are fun to ride and inexpensive to maintain. Many people enjoy long bike rides and road trips. But riding a bike has many risks, it is vulnerable to accidents. That is why it is mandatory to have your two-wheeler insured. Read this article to take a note on how to change your two-wheeler insurance policy online.

Riding a bike has many risks. Things can go wrong in case of an accident. That is why all two-wheelers must be insured. Insurance does not prevent accidents but it offers a financial cover in case of unexpected events. Your two-wheeler must be insured for a period of five years and you can opt for long-term policies during policy renewal.

Guide to Changing Your Two-Wheeler Insurance Policy Online

Read ahead to know more about two-wheeler policies.

Types of Two-wheeler Insurance Policies 

Listed below are basic types of insurance policies that you can choose online while buying or renewing two-wheeler insurance.

  1. Third-party liability policy- Your bike must be insured with this policy to avoid penalties. It does not cover your two-wheeler for  damage but insures you against liabilities associated with third-party injury and property damages. It is low priced and lacks extensive coverage.
  2. Comprehensive policy- it offers extensive coverage. It also includes third-party policy cover and own damage cover. You will have to pay a high insurance premium in order to avail this plan.
  3. Add-ons- You can purchase some popular add-ons such as zero depreciation, roadside assistance, engine cover, etc. Add-ons will increase your payable premium and will also offer enhanced insurance protection.

How to Change Two-wheeler Policy Online?

Changing a two-wheeler insurance policy is easy. Listed below are the situations and ways to renew the policy.

1. At the Renewal Time

This is a hassle-free time to choose a different insurance policy. Once the contract is over, you can select a different contract offered by the same insurance company or you can purchase it from a different insurance company. The process of renewing is similar to buying so you need not worry about complexities.

2. Within Policy Period

After cancelling your previous policy, you can purchase a new policy online and activate it. Do not ride your two-wheeler if your previous policy is cancelled and the new policy is not activated yet.

3. Change in Vehicle

For a new bike you have to purchase a new insurance policy. Do not rely on the bike dealer for the policy. The bike dealer may have connections with agents and this can restrict your options.

Things to Consider While Renewing or Buying Two-wheeler Insurance

  • You should analyze your bike insurance requirements.
  • Compare the features and benefits of different bike insurance plans and find the best match in terms of coverage and price.
  • Always read the terms and conditions of the policy.
  • In case you have any doubts, do not hesitate to contact the customer support team of your insurance company.

Take Away

You have to analyse and ascertain whether you want to continue the same cover or a different one. If you want a different cover you have to spend some time researching and finding the best policy that can meet your requirements.

Also Read: 

Return To Invoice Bike Insurance Add-On Cover In Detail

Consumables Add On Cover In Bike Insurance And Its Benefits 

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.

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