Ignoring Your Two-Wheeler Insurance – Think Again Purchasing a bike is a costly affair and spending a big sum of money for it often makes it very dear to you. So, it is your core responsibility to take care of this asset. A comprehensive two wheeler insurance is the best way to safeguard it from different kinds of unfortunate happenings. Apart from covering general expenses like maintenance and operating cost, a good insurance coverage protects your bike from all the damages caused by unforeseen events you may encounter while on the road. Due to the bad road conditions and the increasing number of accidents in India, it has become very important for every rider to have a proper two wheeler insurance plan. Accidents are unpredictable and no one knows when can an insurance policy come handy in dealing with such a situation. In case of a mishap, driving your bike without insurance not only adds to your finance woes but also lands you in trouble with the authorities.
Renewing Policy Is An Easy Task Renewing your two wheeler insurance policy is a must-do task. It's done only once-in-ayear, still we miss the deadline. But don't panic in case your policy is expired. Bike
insurance renewal is not a difficult task, and with the right insurer, this process can be done within minutes. To avoid any problem, you can access instant online policies. In this way, the insurance firm also reminds you about timely renewals. But this was not the case a few years ago. You needed to submit plenty of documents followed by proper inspection whenever the insurance plan expired. With so much inconvenience, the insurer used to feel that bike insurance renewal was quite easier. But that is now a thing of the past. Policy Renewal Offline Vs Online There are two ways through which you can renew your two wheeler insurance policy. You can either directly contact the insurance company and get your policy renewed. Else, you can opt for online payment option given on the company's website and renew the plan. Needless to say, renewing insurance coverage through offline mode requires much of your time and money while with an online renewal plan you can enjoy so many benefits as well. 1. The Ease Of Operation Getting an online insurance policy is simple, while also saving you from filling those long forms. You need to give some of your details like policy expiry date and engine number/ chassis number, after which you will be directed to the payment gateway. 2. No Document Submission For two wheeler insurance renewal, there is no need to submit any document. In this way, you need not remember about the various documents you attached with your application. 3. Renewal Within Minutes Once you are done with the process, the insurance plan will be send to you within minutes. Buying a comprehensive two wheeler insurance coverage might reduce your tension. But at times, your insurance claim may be rejected due to some of your wrong measures: 1) In the event of an accident, it is essential to notify the insurance venture before getting the bike repaired. Informing the firm later on for settlement may lead to claim rejection. It is the duty of insurance company to get an ideal deal for restoring your damage. So, one of their personnel investigates the damage and estimates the overall cost. 2) It is quite obvious that policy must be obtained in the driver's name instead of your bike's name. This transfer of name acts as an important aspect when purchasing a second hand bike. Moreover, if transfer formalities are not done in the proper manner, your twowheeler insurance claim may get rejected. 3) As per the T&C, the rider must possess a valid driving license at the time of accident. Claim can also be rejected if the person is caught under the influence of alcohol. 4) You must inform the insurance company about the claim within 48 hours to 72 hours, which is the general allotted time period. In case you have failed to do so, the insurance
venture has the right to reject the claim. 5) Parking of bike in a no parking area and riding the motorcycle with more number of passengers than the defined seating capacity, can be another reason for claim rejection.
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