Two-wheeler has become one of the ideal transportation solutions for Indians. No matter how convenient it may seem, two-wheeler always comes with their own set of risks and uncertainties. Riding on roads can never be considered 100% safe, and that is exactly where bike insurance policies come into play.
According to the Motor Vehicle Act, it is come mandatory to have your vehicle insured. Taking advantage of the same, the cost of Bike Insurances has gone skyrocketing. And there is no need to mention all the hassles one has to go through just to get their insurance done. But, buying a policy online can have several advantages.
Benefits of Buying Two-Wheeler Insurance Online
The era of buying insurance from your agent is long gone. The online insurance marketplace has made the entire buying process as transparent as it can get. Down below is a list of some of the benefits that you can reap from buying insurance online:
1) Less paperwork involved
Getting your paperwork done for your insurance policy can be tedious at times. One of the biggest advantages of buying your insurance online is going through the documentation. While getting your insurance online, all you need to do is choose the insurance you want to go for and make the payment through a secured gateway. While providing such convenience, everyone is looking forward to the online marketplace instead of buying offline.
2) Compare different policies
Another great benefit of buying a bike insurance policy online is that you can compare different policies on the go. Instead of just relying upon your agent to show up, you can look at different policies at the same time and decide which one you want to go for. Some websites also let you know all the merits and demerits of different policies before opting for one to buy.
3) Choosing the most effective policy
With a plethora of policies to choose from, there is always a bike insurance policy out there for someone. Apart from comparing them online, you can also make sure how different add-ons are affecting your policy, and which one can provide you with the best deal for the buck. Truth to be told, some of the lowest bike insurance premiums you can buy in the market are only available online.
4) Discarding the middleman/broker
Do you know that within all the friendly behavior of your insurance agent, there is a huge brokerage lying underneath? One reason why you can get online insurances dirt cheap is that it discards the middlemen or the agent who takes a hefty commission from the premium.
5) Easier policy renewal
Getting your policies renewed has never been easier before. Not just your bike insurance policy but also every other policy you can find over the internet. Through a secured payment gateway, you can always enjoy hassle-free policy renewal.
6) Easy cancellation
Previously, if someone wanted to cancel their insurance policy, they would have to go through a lengthy process to make so. While buying your policy online, you can cancel them any time you want. Whether your insurer has issued a new policy or you are facing difficulties with the current one, whatever be the reason, you can cancel them any time you want. On the basis of pro-rata, once your policy has been canceled, you can easily get a refund on the remaining policy.
7) Flexibility on amendment to policy documents
You can always pick up an endorsement form from the company’s website and make any amendment you please in the policy documents. The request is sanctioned immediately once you fill-up the form and submit it to the insurer.
Types of bike insurance plans
Generally, bike insurance policies can be categorized into two types, which are as follows:
The third-party insurance, as the same suggests deals with all the injuries and damages bestowed upon any third-party from the insured vehicle. Third-party insurance doesn’t cover the damages that are caused by the vehicle itself. This insurance looks after the legal liabilities of the third-party.
While the third-party insurance doesn’t cover your vehicle damage, the comprehensive insurance does. If you are looking for an all-rounder insurance solution, the comprehensive is the one to go for. Along with providing a cover for third-party liabilities, it also provides security against vehicle loss or security.
Always buy your bike insurance online!
That being said, the above-mentioned points are some of the advantages of buying a bike insurance policy online. Now, if you want to reap the same benefits and get the most out of what you are paying, online insurance buying websites are just the right one for you. Go through their entire list and look for the insurance that works best for you. Once you get everything right, you are all set and done for the rest of the year.