Two-wheelers are godsend vehicles when it comes to wading through traffic. You can easily snake your way through even the most infuriating traffic jams to find yourself reaching your destinations on time. This has made two-wheelers a favourite among many daily commuters.
The most important thing while owning a two-wheeler is having an insurance policy for your bike. Insurance policy is a mandatory document you need to have while driving your bike on the roads. Let’s get to know more in detail about the intricacies of a two-wheeler insurance policy.
When you own a bike insurance policy, and if you get into an accident, the insurance policy will cover for the damages caused. The extent of damages that will be covered will depend on the type of insurance policy you have opted for. Let’s examine the various types of policies to understand the scope of coverage better.
A comprehensive insurance policy will cover for damages caused to your own vehicle as well as those caused to the third-party’s. In this policy, if your bike gets damaged in an accident, natural calamity, fire, riots or if your vehicle gets stolen, then the insurance policy will cover for the expenses. The policy also covers for when you cause any damage to a third-party’s vehicle or property or if it results in the death or injury of third-party. You can further customise this policy with various add-ons like zero depreciation cover, engine and gearbox protection cover, return to invoice cover, etc. If you don’t own any other personal accident cover, you can also buy one along with this policy.
A third party bike insurance policy will only cover for damages caused to a third-party’s vehicle or property, or injuries/death caused to the third party. It will not cover for any damages caused to your bike. This is the minimum mandatory document you need to have while using your vehicle on the roads. It also doesn’t have the option to customise the policy with add-ons.
This stand-alone policy will only cover for damages caused to your own bike. It will cover for damages caused due to natural calamity, fire and theft of your bike. You can also customise this plan with add-ons. But no third-party liabilities will be covered under this policy.
It is essential to renew your bike insurance, without which your bike will remain uninsured, and you will be penalised for it. To renew expired two-wheeler insurance online, do the following steps:
If you want to renew your policy offline:
You can follow the same aforementioned steps to renew your policy after it expires. But always make sure you renew our policy within the stipulated window so that your No Claim Bonus will not lapse. No Claim Bonus is the discount that you will get for the premium paid if you haven’t filed any claims during the policy period. It is still better to not drive your two-wheeler during the period when your insurance policy is not valid.
We are only humans, and we can often forget the date of renewal of the insurance policy. But there are a few workarounds to ensuring that you renew your policy on-time.
Always ensure you are plying on the roads with a valid insurance policy. It can safeguard both you and third-party people when you get into any mishaps.
HEY ! I’m Nil (Founder of OnlineDrifts.com), Digital Marketer, Affiliate Marketer and a blogger writing about blogging tips, SEO, Tech Tips etc.
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