How technology has improved bike insurance considerably The impact of technological advancements can be seen across all aspects of our daily lives. Technology has now spread its wings wide across the insurance segment as well. You can now easily purchase motorbike insurance from the comfort of your home or office. A sturdy internet connection and an appropriate electronic device are the only things that you need to purchase an online insurance policy. Further, there are a number of ways through which technology has improved the bike insurance segment as a whole, and a few of them are here as follows:
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Online comparison: This is one of the major improvements that the digital and technological revolution has brought along with it. As compared to the earlier times, when you would have to spend countless hours and exhaust yourself in order to get a manual quote from the insurance agents; now you can instantly do the same online. The new-age insurance companies make use of mathematical algorithms to provide you with instant quotes within a few minutes. All you have to do is provide them with a few bits of information such as the make and model of your car, your registration number, your location, coverage, accumulated NCB, etc. Thus, you can not only compare amongst the various insurance companies but also amongst the numerous policies provided by the same insurer. The insurance companies also provide you with a two wheeler insurance calculator on their online websites; thus, you can make use of this online tool and calculate your premiums. You can even read the online blogs and check the social media websites to obtain an insight into the features and drawbacks of each insurance policy. There are also bots as well as customer service agents available on the websites to answer your queries and provide you with a smooth procedure.
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Online purchase: After you have finalized on your motorbike insurance policy, the next thing is to purchase it. Unlike the earlier times, when you would have to talk to an agent for ‘n’ number of times, now you can just purchase your desirable policy within a few clicks. The insurance companies have digitalized all of their insurance processes- you can fill up the online form, pay the required fees and collect the documents. The best thing about these documents is that they are completely digitalized; thus, now you don’t have to save and pile up those heaps of documents. Online claim: The traditional manual process of filing for a motorbike insurance claim is extremely time-consuming and tricky. The reason being; earlier, you would have to make countless visits to the insurance companies and collect the claim form, obtain an FIR from the police station, coordinate with the insurance company’s agent, etc. However, now thanks to the various technological advancements; most of the insurance companies have opted for an online route. There are many new-age 2 wheeler insurance companies that ask you to submit photographs of your car after the accident, to access the damage and compensate you with the sum.