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When you go to get Motorbike insurance, unless your insurance yourself, will be an extremely hard and stressful thing to do. Most times you will not know if you have done it right until you go to make a claim on the insurance. In the following article we are going to give you some tips that should help you pick the best motorbike insurance for your needs.

The first tip, and also the biggest, is get a couple of quotes for your motorbike. While most people will do this to try and get the best price, this is not the purpose here. The purpose of getting a few quotes is to cross check the coverage on the quotes. You'll want to get put a piece of paper, and write down the items covered in each insurance quote in a list, and see compare them. You'll find that they'll more than likely differ a lot.

Once you have this list, If you don't know what something is, call up the company that gave you the quote and ask them to explain. You need to ensure that you know what is been covered, and don't assume anything, if it's not in writing, you're not covered regardless of what the broker or company told you.

What you need to do once you have gotten your list together, is work out what items you want, and items you don't want. Do you need to be covered for you bike getting stolen from a street curb? or is it always parked indoors. This will change what you pay for insurance.

Once you have worked out this list, As for a revised insurance quote from the companies, you'll find a lot of the motorbike insurance companies will throw in a lot of extra's you don't need, and in the end doing this can save you quite a bit off your insurance payments every month.

Another thing recommended you do with your Insurance Company, is ask them if there is anything you can do to reduce your insurance rates. This might be as simple as installing an alarm on your bike, or making sure you park it in a garage every night when you get home. While you might already do this, once again the insurance company is going to assume the worse, like you park it on the street at night, and charge you for it. If you are not sure if you are covered for something, you need to ask, if it's not in writing, and it happens, the insurance company will not cover you for it.

[Source: http://ezinearticles.com/?Picking-the-Best-Motorbike-Insurance-for-Your-Needs&id=5908853]

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. 

If you are reading this, it means you have been planning to purchase a two wheeler for yourself. Do not delay your purchase anymore, choose your favorite ride and apply for a loan for the same. This will save you from spending all your savings on the two wheeler. 

Apply for a loan for two wheeler and make it yours within a week! Banks and Financial Institutions are gearing up to provide business as well as personal loans to applicants. Two wheeler purchase loans are specially designed to provide financial help for the purchase of two wheeler. The loan can be applied for by individuals above the age of 18. Salaried individuals need to be working for a minimum period of 6 months and for a business owner, the business should be in existence for more than a year.

The entire process of application and approval is transparent as well as simple. The loan application is processed and approved within 24 to 48 hours making it extremely easy to purchase your new two wheeler. 

Loan for two wheeler comes at low interest rates and has a long tenure enabling flexible and timely repayment of the amount. Prepayment of the loan is also a possibility that enables you to save on the interest amount. Loan for two wheeler is a convenient option for those individuals who are planning to purchase a new ride. 

The terms and conditions of the loan are consumer friendly and it enables you to own a ride within a few days’ time.

The documentation for a loan for two wheeler includes identity proof, address proof, income proof and a couple of photographs. It is important to have a good credit score in order to gain easy and quick approval for the loan. If you are an existing customer, the loan is processed within a very short duration. Also, a positive credit record helps in processing the loan as well as gaining schemes or discounts in the same. 

Special schemes and discounts are offered to customers with a good credit score. This can sometimes include a zero processing fee or an immediate approval in a no income proof application. Although the schemes and approval process vary from applicant to applicant and is usually based on the applicant’s profile. Thus, a good record in the past will help in quick processing and approval of the loan.

Purchasing long term two wheeler insurance is no farfetched dream in the constantly changing economy. Banks and Financial Institutions are providing customer friendly service with flexible terms for loans. The loan application process is simple and ensures complete transparency in the same. Compare the interest rates offered by various financial institutions before you approach for the loan. This will ensure that you have the lowest rates of interest with a flexible and long tenure. Pre-payment of the loan is available for those individuals who are willing to pay off the entire loan in advance and save on the interest amount.

[Source: http://articles.abilogic.com/190507/apply-loan-your-two-wheeler.html]

Buying the two wheeler insurance should entail a thorough consideration of certain important factors. It is similar to buying a bike where you ponder over everything including its features and affordability. 

At the time of selecting its insurance as well, remember all the significant aspects related to it. Here, you should also look forward to save extra costs spent over your motorcycle insurance. The cost of insurance primarily depends on your age, driving record, marital status, insurance history, vehicle’s model, and year of purchase. Apart from these factors, there are some other pointers that can help you to get cheapest 2- wheeler insurance in India.

Choose The Right Coverage: You should always choose the cover of your vehicle insurance according to your individual requirements. There are many insurers offering tailor-made solutions for the auto owners looking for cheap premiums. For an old bike, you can prefer a policy with lower coverage for third party valuation, theft, and loss due to fire. However, before buying any insurance, read the offer document cautiously to deeply comprehend the insurance coverage.

Saving Through No Claim Bonus: At the time of insurance renewal, you can save extra costs through no claim bonus. It means that you shouldn’t make any claim for minor defects during the policy term. For instance, if you do not make any claim for one policy year, you can end up saving up to 20% on your premium. 

This percentage varies from one insurance provider to another. Similarly, if you Flung have 5 claim-free policy terms, you may get much higher discounts on the insurance premiums. Hence, whenever your bike has some minor issues, you must repair them yourself and avail a lower insurance cost.

Save Through Increased Deductibles: Deductibles refer to the amount that you have to bear in case of any damage or loss occurs to your long term two wheeler insurance. You can easily save your insurance premiums by increasing the amount of deductibles. But here, you must remember that it means you’ll have to pay a huge share out of your own pocket at the time of claim settlement against any loss happening to your vehicle.

Become A Smart Insurance Buyer: Buying cheap insurance is easier said than done. There are so many things to consider but you can mitigate these challenges by choosing the right insurance provider. Before buying a new policy, always compare the quotes and features offered by several insurance providers. Ask for discounts and negotiate prices to settle for the best deal.

 Furthermore, consider asking for other add-ons offered by the insurer. Comparing and checking online reviews is an infallible way to choose and buy the best 2-wheeler insurance for your bike.

It is never wise to pay higher premiums for a policy that is easily available at a much lower cost. So, shop around and find the suitable policy that fits in your requirements and budget. This way, you can certainly get cheapest 2-wheeler insurance in India. In this regard, it is advisable to take help from the experts to analyze all these pointers on various parameters.

If you want to get the Cheapest Car Insurance in India, the author of this article recommends Car insurance in.

[Source: http://articles.abilogic.com/174056/tips-get-cheapest-wheeler-insurance.html]