Riding a motorcycle gives you that adrenaline rush that makes you want to go faster. But losing control of it and crashing into someone or something is not fun at all. Also being stressed out about the insurance is another level of stress.
Having a Two – Wheeler Insurance is mandatory by Indian Law under the Motor Vehicles Act, 1988. This insurance falls under the General Insurance product category. The Two – Wheeler Insurance helps protect the people against unforeseen accidents that occur on the road. This is very important for beginners as they are fresh on the road and just starting to ride away. An active Two – Wheeler Insurance protects and shields the owner of the vehicle from serous damages to the due to events like accidents, theft, vandalism, damages due to accidents, etc. Only an authorized insurance company registered under the Insurance Regulatory Development Authority of India (IRDAI) can provide the two – wheeler Insurance which covers motorcycles, mopeds, scooters, bikes, etc.
Having a Two – Wheeler Insurance is mandatory by Indian Law under the Motor Vehicles Act, 1988. This insurance falls under the General Insurance product category. The Two – Wheeler Insurance helps protect the people against unforeseen accidents that occur on the road. This is very important for beginners as they are fresh on the road and just starting to ride away. An active Two – Wheeler Insurance protects and shields the owner of the vehicle from serous damages to the due to events like accidents, theft, vandalism, damages due to accidents, etc. Only an authorized insurance company registered under the Insurance Regulatory Development Authority of India (IRDAI) can provide the two – wheeler Insurance which covers motorcycles, mopeds, scooters, bikes, etc.
5 step guide to getting the best Motorcycle Insurance
Step – 1 : Inquire about Insurance
Getting insurance for a motorcycle is a difficult task. Many insurance companies do not insure or charge a high cost for insurances of motorcycles, sports bikes, etc. as they are high – performance and high – powered. They also require a great level of maintenance and the insurance companies believe that they are expensive and difficult to insure. First, you need to research about motorcycle insurances and then choose the best and only then should you buy the motorcycle. If insurance companies do not agree to insure your motorcycle after you have bought it, then your ride id in danger, my friend. Research, compare and buy the best two-wheeler insurance that will suit you the best.
Step – 2 : Know about coverage
The best two – wheeler insurance to get is the comprehensive insurance as it covers for you the third – party damages as well as own – damages. A third – party motor vehicle insurance policy is mandatory by law. In case of an unforeseen event, it covers for the damages and injuries of the third – party but it won’t cover for the damages to your motorcycle or your injuries. You need to figure out what kind of insurance you want to choose and check for what all it will cover. Choosing a comprehensive plan will cover the third – party as well as you.
Step – 3 : Find out about RSA
While checking out insurances, ask if the motor vehicle insurance company provides RSA – Roadside Assistance. Some insurance companies may offer RSA as an add – on cover by paying extra premium. Not all the companies provide it, so make sure you check which company offers it and choose that as it will prove beneficial.
Step – 4 : Discounts
Discounts are probably the most common thing looked for when you are buying any high priced or even small commodity. All the motorcycle insurance companies do provide the NCB – No Claim Bonus. The no claim bonus is a bonus which can be discounted on the next premium if the previous one hasn’t been claimed or a very small amount has been claimed which leaves it to be discounted. Few of the motorcycle insurance companies also provide various other discounts which are as follows:
- Handicap discount
- Third – Party property liability discount
- Rider’s club association discount
- Covered parking discount
- Occupation discount
Find a company that offers the most of these discounts and get your motorcycle insured there.
Step – 5 : Filing Claim
As a beginner, you need to know how to file a claim. Get all the details from your insurer and also make sure you read all the documents for terms and conditions and clauses before taking the insurance. You should be aware of the kind of incidents or situation in which you can file a claim. If you have a third – party motorcycle insurance, then all the damages to the third party’s vehicle will be covered as well as the injuries to the third party, thereby, protecting you from any legal action that they take against you in the case of an accident. In case of a comprehensive insurance, you can file a claim for the following situations as well:
- While riding, you skid and heavily damage your motorcycle.
- Thefts or vandalism – Your GPS got stolen or your vehicle has been vandalized
- You got injured and damaged your bike by swerving while you were trying to avoid a collision that could have also done damage.
- Many pother situations involving accidents, damages, etc.
Follow these points well. Find out about all the areas from the insurer as well as by reading all the documents. As a beginner, you must know what you will get, how you will get it and how to ask for it. Choose wisely and ride safe!
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