We know how important a two wheeler vehicle is in our daily life. Two wheelers certainly play a major part in our life. India is a country of uncertainties where accidents can happen anytime and anywhere, regardless of all the caution you maintain.
An accident can leave you or your family in a negative situation plus you will end up paying a hefty amount for the repairing of your vehicle. So in order to secure each of your rides, you must consider the best bike insurance policy. However, third party motor insurance has been made mandatory as per the Motor Vehicles Act 1988.
But before buying two wheeler insurance online, there are a number of important factors that you must take into consideration to avoid any complication at the time of claim. Here are some of significant factors to consider:
Select the Right IDV
In most of the cases it has been found that people choose lower amount of IDV (Insured Declared Value) while buying or renewing their two wheeler insurance online. They do this to get a lower premium. This could be a dangerous decision at the time of claims settlement since the insurer will compensate on the basis of the IDV chosen by you which will be your Sum Insured. Choosing a wrong IDV or lower amount of IDV may result you in getting lower compensation in case of damage due to an accident.
Buy Two Wheeler Insurance Online
In this age of technology where anything can be dome online, some people still rely on the old method when it comes to the renewal of their bike insurance. This can lead to inadequate coverage. Since you don’t really know all the options available to you, you can’t avail the best coverage depending on the motor insurance plan offered by your agent. But when you buy two wheeler insurance online, you will have all the options open and thus you can avail the best policy at an affordable premium.
Compare Two Wheeler Insurance Online
There is no dearth of vehicle insurers in India, and it is needless to say that different vehicle insurance providers offer different policies. This is the reason comparison is very important if you choose to avail the best bike insurance policy online. When you compare two wheeler insurance, you can see for yourself the coverage, premium and other benefits offered by each insurance providers.
There are still some other factors that you should take special notice of while renewing your bike insurance online such as mentioning correct personal details, add-on covers etc. among others.