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Questions You Should Ask When Buying Bike Insurance Plans

Written by Sharad Bajaj
Updated On Jan 12, 20212 min read

3 Questions You Should Ask Before Buying Bike Insurance Plans

Buying a two-wheeler insurance plan for your bike is an important step in your responsibility as a bike owner. When doing so, you will realize that every insurance company and plan is different, and it is important to learn about them thoroughly before purchasing a plan. In today’s day, you will likely be buying insurance online where it is easy to compare all the different options available to you and get the best possible deal. But how exactly should one do this? Learn about the top questions to ask when buying your bike insurance plan, which you can use to know about the insurance policy you are purchasing and ensure you are picking the one which is best for your needs and preferences.

Questions To Keep In Mind When Purchasing Bike Insurance

Keep in mind the following questions to ask when you are buying a bike insurance plan for your two-wheeler:

  • How Does The Insurance Company Determine The Value Of My Two Wheeler?

The value of your two-wheeler for the purposes of insurance is referred to the IDV or insurance declared value. This refers to the total amount for which your vehicle is insured, and it depreciates over time as it represents the current market value of your two-wheeler. Your IDV will depend not only on the make and model of your bike, therefore, but also its age.

  • What Are The Different Types Of Coverage?

There are three types of coverages available to you on the basis of coverage. These are third-party bike insurance, which will cover damages sustained by any third party who is involved in an accident with your bike, standalone own damage insurance, which will cover damage to your own vehicle, and comprehensive bike insurance which will give you the maximum coverage and will also protect you in case of situations that do not involve any third party.

  • What Are Mandatory And Voluntary Deductibles?

A deductible is simply a percentage that you as the policyholder will agree to pay at the time of raising a claim. It is of two types: voluntary deductible and mandatory deductible. Mandatory deductible, as the name suggests, will not be optional. Voluntary deductibles can be voluntarily agreed on by the policyholder, which will then result in a reduction in the premium. However, this is not advisable, as you will then have to pay an additional amount at the time of raising a claim.

Also Read

What is Voluntary Deductible in Two Wheeler Insurance?

Why You Should Always Go Through Your Bike Insurance Policy


These are some of the top questions to ask when purchasing bike insurance for your two-wheeler. Keep these in mind in order to have a thorough understanding of your insurance plan and to avoid any miscommunication between you and your insurance company.

You May Also Like To Read: Benefits of Comparing Two Wheeler Insurance

A Complete Guide of Two-wheeler Insurance Policy

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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Written by Sharad Bajaj
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 Sharad is an insurance industry veteran who has managed motor insurance products for over a decade. He helped set up and scale the motor insurance vertical for a leading insurance company in his previous stint. In his spare time, Sharad likes to read and be in tune with nature.

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