Two-wheeler owners can be divided into various groups. Some people buy it to travel across congested city roads that get them from point A to point B. Others own it as a temporary solution while accumulating funds to buy a car. Few people own two-wheelers because they have a passion for riding. Whichever group you belong to, it is a fact that there are more two-wheelers on the road and that these accidents are becoming more serious.
It is a wise decision to insure both your two-wheeler and yourself; it is not only required by law but also essential for your long-term health.
Modifying Your Policy For Two-Wheelers
To tick the box, you hurriedly bought the first policy you saw. With time, you realise that your policy is useless or that you must pay more for coverage. How about you?
You can modify your two-wheeler insurance plan online using several options as follows:
- Renewal: When it is time for you to renew your bike insurance, you can switch to a new provider of your choice or perhaps take advantage of a better plan with your current provider. Almost all insurance companies offer an online process that makes this simple and provides an instant policy copy for your records.
- During The Policy Period: You can transfer to a new insurer if you are unhappy with your current coverage and would like to do so. Recognise that there will be extra steps to cancel your previous bike insurance policy after you purchase the new one. Verify that there are no pending claims with the previous insurer.
- New Ownership Of Your Two-Wheeler: You can transfer the policy from the previous owner to the new one if you sell or lend your two-wheeler to someone else. Ensure you give the insurer all the new owner’s information to obtain a fresh certificate.
- Vehicle Switch: If you’ve bought a new bike, you can move your insurance from the old bike to the new one. The insurer, however, will confirm the new bike’s value and might modify the premium.
When I Make This Change, What Should I Think About?
Here are some things to consider before deciding to change your policies:
- The change must have a good reason behind it. Don’t switch to get your premiums cost-effective. It would not be competent to save a few rupees and choose an insurance that will provide you with less coverage.
- Make sure you research an insurer’s standing in the industry,bike insurance claim handling procedure, and customer history before switching to them. Numerous online reviews and first-hand user experiences are available to you. Make good use of the knowledge at your disposal.
Claims are subject to terms and conditions set forth under motor insurance policy.*
- Recall the importance of having quality bike insurance. To make the ideal choice possible, do some internet research and consult with experts and friends.
You can make use of the convenience of a two-wheeler insurance calculator to estimate the costs towards your premium.
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.