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Mistakes to Avoid While Buying Bike Insurance from Edelweiss Insurance

Updated On Oct 04, 2021

Read this article to take a note of the mistakes that you should avoid while buying bike insurance from Edelweiss Insurance.

Riding a two-wheeler is fun but it can be dangerous also. The bike takes you from one end of the city to the other in a style. To enjoy your ride safely, you need to master the art of riding and you also need to master the art of buying the perfect insurance for your safety and for your bike’s safety. You have to consider a variety of factors while buying bike insurance. Buy bike insurance that fits your requirements. Edelweiss Insurance can provide the best insurance policy for your bike. Its policy provides the best protection. 

Mistakes to Avoid While Buying Bike Insurance from Edelweiss Insurance

Mistakes to Avoid While Buying Bike Insurance from Edelweiss Insurance

Do you know there are many mistakes you could commit when buying insurance? If you make mistakes your insurance is more likely to get rejected. Here is a list of mistakes that you should avoid while buying two-wheeler insurance:

  • No transfer of Bike Insurance Policy While Buying Second Hand Two Wheeler

It is common to purchase a second-hand bike at a good price. People forget to get insurance policies transferred from old bike owners. It is the most common mistake committed concerning bike insurance. It leaves you and your bike uninsured. To stay on the right side, either buy a new insurance policy soon or get the existing policy transferred to your name.

  • Not preserving No Claim Bonus

If you drive properly and manage to avoid any incident, in such cases there will be no bike insurance claim by the end of the year. Your insurance company offers a No Claim Bonus to reward you for being diligent. No Claim Bonus lightens your premium load for next year. This reward is for your low-risk status and for not filing for minor insurance claims. Consider avoiding filing for every minor injury to get a No Claim Bonus. It will definitely benefit you and your bike.

  • Not Selecting Correct No Claim Bonus

There is one more point to remember about NCB that is to select the correct No Claim percentage. 

Here is a list of how NCB is calculated for each year-

  • 1 Year- 20% Bonus
  • 2 Years- 25% Bonus
  • 3 Years- 35% Bonus
  • 4 Years- 45% Bonus
  • 5 Years- 50% Bonus
  • For more than 5 years, the bonus varies depending on the company from where you buy your bike insurance.


  • Not Selecting the Right IDV

IDV or Insured Declared Policy is the sum assured agreed up by the insurance provider to be repaid to the bike owner in case of its thefts or total loss. The lower the IDV, the lower the premium, and vice versa. It is suggested to declare the logically correct IDV so that your claim does not get rejected or you get a low premium in case of any incident. 

  • Not Mentioning Correct Personal Details

When Buying two-wheeler insurance, mention all crucial personal details.  If you forget to mention the details or omit important details, it will be seen as an attempt to commit insurance fraud. Your insurance provider may not attend your claim and you may lose the insurance cover.

Take Away 

Always pay attention at the time when you buy bike insurance. Always mention nominees and pay attention while filling in the details and ensure that they are absolutely correct. It will make the insurance claim process easier.

Also Read: 

Benefits Of Purchasing a Bike Insurance Plan From Navi General Insurance

Easy Steps To File Bike Insurance Claim At Bharti AXA

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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