Here’s everything you need to know about getting insured online.
Gone are the days when people visit the official site physically to get their vehicles insured. Back in the day, completing such a task took an entire day without any doubt. However, nowadays, bike insurance online is one of the simple things to do, as you need the right application on your smartphone.
If you are a bike lover, even a single scratch or dent on it gives you pain and agony. Even though four-wheelers have dominated roads in India, two-wheelers still have a loyal and dedicated customer base.
What is bike insurance?
Mandatory by the Indian Government, bike insurance is a type of insurance policy that provides coverage against financial losses. These losses can be caused by accidental damage, theft and third-party liabilities involving your two-wheeler.
So, if you own a two-wheeler in India, two wheeler insurance offers peace of mind while you ride it around as it protects you from financial liabilities.
What are its advantages?
In several countries, including India, bike insurance is mandatory for all two-wheelers. So, having one ensures that you comply with legal requirements and also helps you avoid penalties. Additionally, it also shows that you are a responsible bike owner who cares for the safety of yourself and others on the road.
One of the top advantages of two wheeler insurance is that it offers financial protection to the owner. So, in case of accidental damage or theft, the company will pay for the repairs or replacement of your bike. Bike insurance can definitely be a lifesaver in such situations.
Personal Accident Coverage
Many bike insurances also offer this type of coverage, which covers an individual in case of accidental injuries or death while riding their bike. This provides financial support for you and your loved ones in case of an unfortunate event.
Third-Party Liability Coverage
Not only for the financial losses but also protects you against third-party liabilities. So, in case of an accident where you are at fault, this insurance helps you cover the damages caused to third-party property or individuals.
How to get bike insurance online?
Here, I’ll share my experience so that the readers can easily understand and avail it easily. Around five and a half months ago, I purchased a new bike, and one of my associates told me about how to avail the insurance online.
- Download the Bajaj Finserv application on your smartphone
- Sign up after entering your mobile number
- Go to the ‘Insurance Bazaar’ section from the home page
- After tapping on bike, enter your vehicle registration number as well as your city pin code to get pricing details
- Enter vehicle details to get a quote
- Choose as per your suitability
To protect your two-wheeler, the primary step you must keep in mind is to ride safely and follow all the guidelines on the road. But, any untoward incident is not in our hands, so this is where this insurance steps in. So use an insurance download app and opt for insurance at the earliest!