Get Your Bike Insurance

All you need to know about Bike Insurance

What is bike Insurance?

Bike insurance is a legal document which is used to make the bike owner ride in style and with safety towards any financial losses while in transit. This document needs to be renewed on a yearly basis so that you can be secured all the while. Also, you should know that it can help you cover a lot of other components as well.

Bike insurance has many aspects which are covered for you. These aspects cover the damages caused while in an accident so that you do not get the pressure of the costs involved in it. Your bike age along with its damage condition would decide how much would you need to pay. It can be around 20% to 30% for you to pay in an average age of 3 to 5 years. It also covers the life of the person riding it along with the pillion rider. If you have a comprehensive insurance, then it would be important for you to know that your insurance would also cover the third-party damages in case if it is blamed upon you. There are many types of insurance in bikes which have different covers. However, the major coverage is as mentioned above.

Bike insurance works in a simple manner where you would need to purchase it through the many official insurance companies and mention all the details related to the bike such as the engine number, chassis number, the month and year of purchase, color and many other details. Once all these things are fed into the system, a premium amount would be generated depending on the kind of insurance you choose. This premium is payable on yearly basis once only. The next year a new premium would be generated which should be payable by you.

In case of an accident, you need to inform the insurance company about the damage by registering the claim details under your insurance policy number. The surveyor would be allotted to your vehicle who would come to one of the listed service stations in the insurance company list and then your bike would be surveyed for the damages. A detailed list would be prepared for all that needs to be changed and the cost associated with it. The insurance document and its agreement would be taken into consideration on how much claim would be approved for the insurance company to pay and the rest of the amount needs to be paid by you. This can be directly paid by the insurance company to the service center and the same can be done by you. Also, you can get the full amount paid and get a refund from the insurance company later. This is how a bike insurance works. You can get your two-wheeler insurance renewal done online as well.

You can calculate your bike insurance premium by checking our best offers on Insurance tab. You can also get your premium by using our bike insurance calculator. All you need to do is input certain details and get your premium flashed online on the system screen. This bike insurance online would be an easy way to save you the time to travel to any branch and it would also send you the insurance copy at your doorstep. You can buy cheap bike insurance online by comparing them with other insurance companies on Wealth County Portal.

It is an easy task to renew and compare bike insurance online with Wealth County. All you need to do is find the best available insurance company and enter your bike details to get a quotation to renew by us for the best available bike insurance. You can also get in touch with a representative and then look for better options just the way you look for two-wheeler insurance online. You can also get your bike insurance renewed from the same insurance company as it gets easier. You need to enter your previous insurance policy details and then just take the quotation to update and renew your insurance online.

Bike insurance is a mandate as per the Motor Vehicle Act in India and if you do not have an insurance for your bike, it can be confiscated by the Regional Transport Official. It also helps you to be safe from any financial losses and for the losses of any other person involved into the accident due to your negligence. These are two major reasons for buying a bike insurance.

You can compare bike insurance policies in India with ease on Wealth County. All you need to do is log on to our website and check best available offers for you, on our Insurance tab. Here you can compare from head to toe each aspect for bike insurance. This would help you to know what types of bike insurance are available in the market and which one would suit your needs. This also gives you a view on which company is best for such insurance and if their claim settlement ratio is as good as their features. If this is not good, then you may not get your claims in case of any accident. You can easily compare bike insurance renewal quotes online without much hassles on our portal.

There are many benefits of buying bike insurance plans in India. Let us look at them in detail to ensure we do so with the right purpose.

• Bike insurance keeps you safe financially from any accidents that happen while you are on the road.
• It also keeps you as a rider safe as the policy would cover you along with the pillion rider in most of the insurance plans.
• You can also claim for a damage caused to the other party so that your financial burden reduces further.
• You can ride freely without thinking twice about small dents and repairs as it would be covered in your insurance plan.
• On a small premium payment, you get many benefits from it in case of a claim.
• Cashless claims are available for all bikes if it is done at a designated service center affiliated with the insurance company.

General documents are required to buy a bike insurance which is easily available with all owners. It is like the documents required when you purchased the bike. A photo id proof along with address proof and a couple of photos. That is all you need to buy a bike insurance. But you would need all papers of the bike such as the registration copy, tax invoice and all such documents while you buy a bike insurance.

When you select a motor/auto insurance online, you would be asked to enter the details so that your insurance policy can be renewed or purchased. You can find out all about the coverage of bike insurance plans so that you are not left out from any information which would pose as a problem in the future. If you wish to do a bike insurance comparison, then you should know about it, so that all the points in the comparison can be understood in detail. Such bike insurance is also called as motorcycle insurance or two-wheeler insurance.

There are many types of insurance available in the market. It depends on the buyer to decide which one best fits their requirements. You should know about such requirements and that is only possible if you know about insurance in detail.

• Comprehensive insurance

  This type of insurance is the most common one available. It helps you to be covered from all aspects. It may so be possible that the party you got into an accident would claim on your insurance company as the fault is on your end as per them. If this is the case, such insurance plans would help you to get a claim for them as well as for your vehicle. This insurance plan would also be helpful for your vehicle as it would cover the damages to an extent as per the insurance policy. The rest needs to be paid by you as it would cover the depreciation value of the vehicle. It would also cover some part of the rider and give the medical expenses if any due to the accident.

• Third Party Insurance

  This type of insurance plan is only applicable to the third party if they wish to claim on you. This would cover all the damages to an extent as per the insurance document. It is majorly concentrated on the third-party and hence has a less premium as compared to any insurance plan. You cannot claim your damages even if it is not your fault. Such insurance plans are good for people who do not care about the damage of their vehicle and just wish to be out of the financial burden in case if the third-party presses on them.

All this and much more is in the bike insurance category. You should be aware about all of them so that you are not duped of the money paid for a bike insurance. You are the owner of your vehicle and know much about it and the damages that can occur. Bikes are a risky business as they need you to concentrate on the roads without getting distracted at all. In case if you are distracted, you may end up in an accident which may or may not be fatal. But there can be damages to the collateral you own. This could also reduce your value of the asset which may affect you at a later stage. You should be vigilant about all such things and buy a bike insurance that is good for your kind of travel and riding skills. Once you have the bike insurance purchased, you can be rest assured about the damages part. But you would still need to be careful while riding on the roads. Accidents are fatal to watch, and you would not wish to be on the other side of it.

So, make the most of bike insurance and its benefits to help you out financially and keep your bike in condition post the accident as well.