How to build a protection shield around your bike from samjonathan's blog

Bike is the basic mode of transportation for millions of people across the country. In India, apart from affordability, it’s the convenience of not being stuck in the traffic jams that people opt to buy bikes for. Even the people who own car use bikes for regular commuting. However, accidents, third party damages, damage due to natural calamities, or getting stolen can occur anytime and anywhere. If you don’t have enough financial back-up it can make a huge hole in your pockets, especially during third party damages. There is no second thought that two -wheelers come cheaper than a car, with better mileage, fuel savings, travel flexibility, etc. So, you cannot afford to lose your prized possession for a silly reason and the owner is penalized for it.


To keep your bike, scooter or mopeds safe from unnecessary problems, nature’s fury, damage due to riots or being stolen it is better to buy a suitable two wheeler insurance plan. By purchasing an insurance policy, one can get the compensations for natural calamity or other reasons including, accident, fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.


Two wheeler insurance offers an individual with risk coverage towards self-physical injury, damage/loss of the vehicle and third party liability. Ideally, two-wheelers are considered riskier than driving a car because they are exposed to more danger compared to car driving. Therefore, they will be more prone to accidents or mishaps and therefore protecting oneself, covering third party damage, health damages become your utmost responsibility.


A good two wheeler insurance policy will help the owner to compensate for the loss against accidents and thefts, which can happen anytime without any warning. It is mandatory by the government to own at least a third party cover to drive your bike on roads. At a nominal premium cost you stay protected from any financial burden for the third party damages in terms of property, health or life. A comprehensive cover will give you two-way protection. It will compensate for third party losses as well your own damage. Experts suggest buying this cover.


There are several ways to buy two wheeler insurance policies such as visiting branches, buying it on phone or agents, or comparing policies online and going for the purchase. Online sites give a lot of discounts on premium costs, also installing some useful applications like anti-theft devices such as siren and tracker on bike or scooter will help you reduce the premium costs.


If you have purchased two wheeler insurance from a reputable company, then chances are you will experience hassle-free claim procedure. The process is simple, in case you meet an accident; you need to inform the insurance company about it. Once they scrutinize the situation well, they will offer the relevant financial compensation to you or the third party person depending upon the policy you choose. You can take your bike or scooter to the authorized mechanic and based on his or her estimate, the company will compensate. If your bike is stolen a police report is required by the company to start the claim processing. If it’s a natural damage, then government reports like seismic, storms, earthquake will be required for the claim.


The government has taken up a new initiative to reduce the hassle of renewing policy every year. They have introduced long term two wheeler insurance policies for buyers. You can purchase the policy for a maximum of up to 3 years in advance. This way it will help you save significantly on the premium costs. Long-term policies are expected to reduce instances of dropouts, which is growing amongst the two-wheeler owners as agents could not retain them with lucrative offers and also they find it difficult to renew every year due to hectic lifestyle schedule. 


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By samjonathan
Added Mar 9 '17, 03:54AM

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