Bike Insurance renewal for the third party Insurance Policy is a necessity rather than just a matter of choice. Holding a two wheeler insurance policy has several benefits and the process of buying and renewal is very easy.
Benefits of Buying Bike Insurance Online
Some of the top benefits of buying two-wheeler insurance online are as follows:
· Purchasing and renewing the policy is quick, simple and convenient.
· You can buy it directly from the insurance company without the need of any intermediaries or agent at a premium suiting your budget.
· Since most of the insurers offer this service, the costs and features of all the Bike Insurance policies can be easily compared.
· You can calculate the premium of your bike insurance policy online and get an idea of the expenses involved in it.
· Purchase your policy online easily and make use of diversified modes of payment.
· Online chat assistance is also offered by some insurers to resolve any type of queries that you may have in mind.
What is the Process of Buying Bike Insurance Online?
· You need to enter the details like registration number, mobile number and e-mail ID.
· After that you have to fill the details about No Claim Bonus or NCB. Customers can avail discounts here.
· Once you click the next button, you would be able to see the details of the premium break up.
· Enter all your personal details like name, your address, your contact details etc.
· You need to fill the details of your two-wheeler also.
· After clicking the next, you would be able to see the details of the premium break-up. Click the “Next” button.
· Next, enter a few details about your two-wheelers.
· After this step when you click on the next button, you would be able to see the summary of your bike insurance policy. Click on the next button and proceed to the payment page.
· On the payment-page, you can choose the mode of payment as per your ease. Once the payment gets cleared, your policy gets generated and e-mailed to you. You can take the print out of the same and use it as an original policy.
What Does Two Wheeler Insurance Policy Cover?
There are two types of 2 wheeler insurance policies: third party liability cover which is made mandatory by the Government and Comprehensive Insurance Policy. The third party insurance covers damage to the property, or medical expenses of the bodily injuries to the third party only. On the other hand the comprehensive insurance policy for the two wheeler covers the damage done to the bike of the insured person also. It gives you a complete coverage and covers the loss in case of fire, explosion, theft, riot any man-made or natural calamities.
Bike insurance Renewalis an easy, quick and simple process. If you choose to get the policy renewed from the same insurance company, your details are there in the database and the process becomes quicker. However, you should conduct an online research thoroughly before buying or renewing the policy.
