Bike Insurance Renewal
Introduction â—? With a bike insurance policy, you can financially safeguard yourself against the repair costs occurring due to damages to your bike. â—? A bike insurance policy is valid for one year, from the date of purchase. â—? Policyholders get grace period in-case they could not renew their policy on time due to genuine reasons. 1
What is Bike Insurance? ● A bike insurance policy is a contract between you and your chosen insurance company. ● According to this contract, the insurer will compensate you in case of damages in exchange of premiums. ● In simple terms, look at bike insurance as a promise made by your insurer to pay for the repair bills of your bike/ third party. ● In turn you promise to pay the premium.
2
Benefits of Renewing Bike Insurance Policy ● You are not exposed to expenses incurred due to damages to your bike. ● You can continue to avail discounts on the policy premium, in case you had not made a claim in the past. ● Be legally free of any kind of liabilities arising due to the involvement of third party, damaged due to your bike. 3
Ways to Renew Bike Insurance Policy A Bike Insurance Policy can be renewed in three ways: ● Online ● Through an agent ● By personally visiting the branch 4
Renewal Process
â—? The renewal process is more or less the same in all the three ways. â—? To renew your bike insurance policy, you need to be ready with your personal, old policy and payment details.
5
Online Renewal ● Visits the insurer’s website and click on the renewal link. ● Now fill-in the required details correctly and review the terms & conditions and inclusions & exclusions before making the payment. ● You will receive a soft copy of your renewed policy in your inbox, which you need to get printed and use as required. 6
Through an Agent ● Get in touch with your agent and fill out the renewal form correctly. ● Submit the documents to your agent and review the terms & conditions and inclusions & exclusions before making the payment through a cheque or demand draft. ● You will soon receive the policy documents.
7
By Personally Visiting the Branch ● Get the renewal form from the branch office and fill it will correct details. ● Submit the form and review the terms & conditions and inclusions & exclusions before making the payment through a cheque or demand draft. ● You will soon receive the policy documents.
8
To Know More Visit
https://www.acko.com/
9
THANK YOU!