Simple Guide to Buy Two Wheeler Insurance Policy

Before purchasing any two wheeler insurance policy, you should know the importance of bike insurance. A two-wheeler insurance policy is not only there to protect from third party liabilities but also helps you to keep you're bike safe and sound. As per law, a third party motor insurance policy is mandatory if you want to ride a bike in a worry-free way.

Two-wheeled vehicles are more prone to accidents than any four wheelers. Thus, riding a bike is riskier than driving a car. In the event of an accident, an effective two wheeler insurance policy compensates for the damages towards injury, damage or theft of the vehicle and third party liability. There are no deaths of two-wheeler insurance companies so you may get confused while selecting any two wheeler insurance policy. That is why in this article we have discussed some points by which you will get to know how to buy the best two wheeler insurance policies.

• Choose Coverage Wisely

Basically, their are two types of two wheeler insurance plans – third party and comprehensive two wheeler insurance policy. A third party policy only provides coverage for third-party death and damages/losses of the third party. It does not provide coverage for the insured vehicle and bike theft. On the other hand, a comprehensive two wheeler insurance policy covers own damage as well as third-party liability. Though a comprehensive insurance policy requires quite a high premium, still it’s worth to choose a comprehensive policy as it provides complete protection towards you're two-wheeled vehicle.

• Know about the Reputation of the Company

When you are an insurance customer, you should judge you're insurer from a customer point of view. It is important an insurance company has a high-quality market reputation when it comes to claiming settlement. You should read the reviews online about the company’s claim service and take information from other customers. If you are satisfied than only you should buy and renew two wheeler insurance policies.

• Go Through All the Terms & Conditions

While purchasing a new bike insurance policy or renew a policy, you should carefully go through the terms and conditions of the insurance policy. If you have any doubt about any points, you need to ask the insurance company. If they clearly explained each point and you are pleased to hear them, you can go for the policy.

• Comparison

The comparison is the right step of purchasing and renewing any two wheeler insurance policy. Comparisons must be done between the policies offered by different bike insurance companies on parameters like premiums, features, benefits, no claim bonuses, discounts and exclusions. You should go with such insurer that offers the best features & benefits as per you're requirements.

Conclusion

So, when you get confused about buying and renewing two wheeler insurance policy, you should follow the above-mentioned points and you can settle with the best policy according to you're criteria. As motor vehicle law makes it binding to opt for a bike insurance policy, so before selecting one do the thorough research and compare online.