Tips For Choosing A Good Bike Insurance Provider Online
Let’s discuss tips on choosing a good bike insurance provider.
Table of Contents
As bikes are popular because of their small size, they are also more prone to accidents due to their open nature. It becomes very crucial to choose the right bike insurance policy to cover the risks of accidental funds. Just like you not only check a bike’s features before buying but also check the company you are buying from to ensure better warranty and services - a good insurance policy should come from a reliable insurance provider.
Currently, there are more than 25 bike insurance companies in India with a good reputation amongst their customers to choose from. Before choosing one, you should consider a few points according to your insurance needs.
Tips To Choose The Right Two Wheeler Insurance Company Online
There are various factors based on which a bike insurance company might be preferred. Following are the factors to consider while choosing a bike insurance company:
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Network of Premium Cashless Garages
This is a point to consider if you have a preferred garage in mind. You must check the location of garage network facilities that the insurance might cover and consider the distance and benefits available before choosing a bike insurance company.
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Customer Support Service
It is highly recommended to choose an insurance company which offers 24*7 customer support. This becomes helpful in easy and convenient services and technical solutions anytime, anywhere. Choosing an insurance company with a good reputation for their customer services in the market.
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Claim Settlement Ratio
The claim settlement ratio of an insurance company is the total number of claims settled out of all the claims received in total. The higher the claim settlement ratio of a bike insurance company, the better it is. It is recommended to choose a bike insurance company with a higher claim settlement ratio.
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Availability of Add-on Covers
Insurance Add-ons are the extra benefits added to extend the coverage of a standard bike insurance plan. These add-ons are available against the payment of a nominal premium added with the standard premium. Before buying insurance, you should check if the company can provide you with the add-on benefits you need.
Endnotes
Before opting to buy bike insurance, you should take into account all the requirements you wish to be covered in the right budget through a well-reputed insurance company. Also, you should always compare the insurances available in the market before buying, to make the right choice by fitting the best features within your budget bracket. Remember - low feature insurance is as good as having no insurance. So, always pay for what you want and need to be covered.
Also read - Considering Two-Wheeler Insurance? The IRDAI Rules for Two-Wheeler Insurance Policies
