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The Ultimate Guide to a Two-Wheeler Insurance Policy

The Ultimate Guide to a Two-Wheeler Insurance Policy
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The Ultimate Guide to a Two-Wheeler Insurance Policy

Buying a two wheeler often helps you manage your work and life efficiently. It also helps you get to places, despite heavy traffic. Lots of people prefer buying it not only because of the convenience but due to the lower price point that it offers when compared with four wheelers. It’s no surprise that more and more people prefer to own one.

If you’re planning to buy a two wheeler in the near future, here’s a list of to-dos you should keep in mind.

Get a two-wheeler insurance
It is extremely important for you to safeguard yourself and your two-wheeler at all times. This need increases drastically when faced with damages or an emergency. Instead of panicking at the last moment, it is advisable to buy or renew your two wheeler insurance at the earliest.

Two wheeler insurance protect you from loss of vehicle, damage, wear and tear as well as any man-made or natural calamities. Picture an unfortunate situation of floods. If your two wheeler gets damaged during such a time, your two wheeler insurance policy can come to your aid.

Here are a few things you need to check in your two wheeler insurance policy document.

Premium – Depending on your two wheeler model make, age, driving record and your gender, your potential two wheeler insurance company will offer you a plan. You have to scan the market for the best two wheeler insurance policy you can get. The premium amount you will have to pay every month or year will play a key determining factor in this.

Coverage – For you to claim the benefits of your two wheeler insurance, you have to understand what your policy covers and how it safeguards your interest. Your two wheeler insurance policy should cover any damage caused due to man-made or natural calamities, theft and damage to your vehicle.

Documentation – Like any other important document, you should keep a copy of your two wheeler insurance policy with you at all times. Along with this, you should also carry your two wheeler vehicle registration, your identity proof and so on.

Cover – If you have dependents, it is crucial to inform them about your two wheeler insurance policy. In case of an unfortunate event, the two wheeler insurance company will have to pay this cover i.e. the maximum amount that you or your nominee will receive.

Claims – If your bike is ever damaged, you can approach your two wheeler insurance company to offer you compensation. However, it is advisable not to make bike insurance claims for small amount, as that may increase your premium amount in the future.

Hope this helps you to make the right decision when it comes to buying or renewing your two wheeler insurance policy. If you’re still confused, you can always reach out to an insurance or financial advisor who can guide you personally.

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