Just as it is important for your bike to intake fuel in order to run on roads, having an insurance plan is something that cannot be ignored at all. Rash drivers, improper roads and bad weather conditions, along with various other factors can lead to accidents at any time. This can further impact your pocket, eating away a major chunk of it. Hence, it is important to buck up your budget well in advance through a good two wheeler online insurance plan.
Buying an insurance plan for the first time can push you in a state of confusion. Going through the jargon and differentiating between a bad and a good plan can be tricky for a layman. To pick a nice online two wheeler insurance, you need to get familiarize with various aspects associated with insurance. As per Indian traffic laws, it is mandatory for a person with a two wheeler to have third party coverage. This coverage plays a considerable role when you are the at-fault motorist and have to compensate for damages caused to the other person or property. However, it will not cover the damages occurred to your own two wheeler. You alone will have to bear those expenses from your pocket.
There are some ways in which you can make certain that your two-wheeler insurance plan provides adequate coverage to you. Here are the several aspects you need to consider while shopping for the best two wheeler insurance in India:
Collision Coverage
In case of a collision, collision coverage is what that will help you pay for the damage caused to your bike. You must be very well aware about the associated hefty bills you need to pay when taking your bike to a garage. Keeping this in mind, make sure that you don’t miss on this coverage.
Fire, Theft and Vandalism Coverage
A combined fire, theft and vandalism coverage will provide you adequate protection against all three. Considering add-on coverage against natural disasters and terror attacks will further help you retain your finances.
Comprehensive Coverage
A comprehensive insurance plan offers complete coverage and includes third party coverage, collision coverage as well as coverage for fire, theft and vandalism. Always go for comprehensive cover if you wish to insure your bike completely.
Insurance for the Pillion Rider
Just like car insurance policies, two wheeler online insurance plans too do not cover all the occupants of the bike. If you often ride with someone on your bike, don’t forget to get insurance for the pillion rider as well.
Uninsured / Under insured Motorist Insurance
Third party insurance is a legal requirement in India, still many motorists ride without it. So, if an uninsured or under insured motorist hits into your bike, you will have to pay for the damages caused to you as well as your bike. Hence, have an uninsured / under insured motorist cover from one of the best two wheeler insurance in India to avoid paying extra money from your pocket.
All these aspects play a significant role when it comes to buying an online two wheeler insurance. But make sure you examine reviews of two-wheeler insurance plans prior to buying one. Finding about the company’s claim settlement procedures and its credibility in the market will further help you take a better decision. Always go with the deal that promises more coverage at the best rates.