Bicycle Bike Clamp

If you have a specific risk factor, it should be covered by the insurance policy. To buy the insurance policy that suits your requirements and at the best price, it is advisable that you consider the aforementioned factors and compare the insurance policies offered by various companies.Price: In the case of a two-wheeler insurance policy, cost should not be the sole factor contributing to your purchase decision. While it might seem that the vehicle owner has no choice but to buy the policy for a longer term tenure, one must understand that buying a longer term policy has myriad benefits. As regards to the comprehensive cover, the vehicle buyer would have an option to buy it for five years. are equally, if not more important, than price. The vehicle owner can then take advantage of NCB and is saved the hassle of renewing his policy every year.

There are certain circumstances under which could impact your two-wheeler insurance claim . Though it is good to buy these add-ons to expand your coverage, opt for them only if you require them and the increase in premium does not pinch you. These could include instances of wear and tear, mechanical or electrical breakdown of the vehicle, absence of a valid license and many others.First and foremost, know the types of Two-wheeler Insurance Policies.

It requires a great deal of research as you look for a bike that has a great design, provides comfort, gives good mileage, has a low maintenance cost and also fits within your budget. If you have not made any claims in the previous policy year, then you are entitled to receive a no-claim bonus while renewing the policy. It will not cover damages caused to you and your vehicle.Many of you who are bike enthusiasts love to delve into the technicalities of your vehicle. That is to buy two-wheeler insurance.All you need to do is pay attention to some specific details and you are well on your way to breezing to Goa on your bike.

However, if you are a true enthusiast then you need to make the effort to understand the technicalities of your two-wheeler insurance policy as well.Coverage: The insurance policy that you buy should cover the losses/damages that are most important to you.

The discount can reach a maximum of 50% in six consecutive years of policy renewal. Instead of opting for a minimum third-party cover, it is better to choose a comprehensive cover that includes coverage for accidental damages and third-party losses. One must evaluate these factors in order to make an optimal choice.By Dhirendra Mahyavanshi, Co-Founder, Turtlemint end-of Tags: two-wheeler, insurance. However, it is always advisable to buy a comprehensive cover that comes with multiple additional advantage. Ensure you know the exclusions of the policy before you purchase it.Comprehensive cover: In addition to the third-party cover, it also provides coverage to you (vehicle owner/policyholder).

The insurance premium is comparatively higher for a comprehensive plan, as it covers all the major damages. You can choose a value-for-money product after comparing various products that are available in the market. In India, it is mandatory to buy third-party two-wheeler insurance for all bike and scooter owners.As the owner of a two-wheeler, you can either buy a minimum of third-party two wheeler insurance cover or an all-inclusive comprehensive cover.Once you hone in on your perfect bike and make the decision to buy it, there is one more thing that you need to do. Finally, it is your decision to choose the best two-wheeler  insurance policy that meets most of your needs and falls within your budget. The no-claim bonus ranges between 20% - 50% and increases with each claim-free year.Third-party cover: It covers the damages caused to a third person, vehicle or property.No-Claim Bonus (NCB): An interesting thing to know about your policy is the no-claim bonus.Add-Ons, needed or not needed: Most policies will come with add-ons like zero depreciation cover, engine protect, consumables, to name a few. Other factors like the insurance company, the claims settlement ratio, services offered etc.Tenure: In India, it is mandatory for two-wheeler vehicles bought on or after 1st September 2018 to own a 5-year third-party insurance policy.Buying a bike can be an exciting process. The value of the discount offered on the premium primarily depends on the insurance claims that you Aluminum water bottle cages Factory have made in that particular year. A standard two-wheeler insurance consists of a third-party liability cover and an own damage cover. While we agree that the process of choosing the right two-wheeler insurance policy is nowhere close to the exciting process of choosing a bike, we can definitely make it simple for you