Two-wheelers on Indian roads are more vulnerable to accidents than four wheelers, commercial vehicles, and other types of heavy vehicles. Blame it on poor road conditions in most places, wrong driving norms followed by people, or rash driving by bikers themselves, the dangers of meeting with an accident are many. In the given scenario, it makes good sense to protect your bike from accidental and other dangers by investing in a comprehensive bike insurance plan online.
Here, we help you find the best deals on two wheeler insurance in the least hassling of ways. Read on to understand the common insurance benefits provided by the top 5 bike insurance policies online. This article will make it easier for you to determine whether you should continue with your existing bike insurance provider or change tracks.
Best Deals on Bike Insurance
These days, it is commonplace to find two-wheeler insurance providers selling their products online and that too at lucrative discounts. These bike insurance online plans are well-conceived to offer the maximum possible coverage at affordable costs. At most times, such insurance plans can be purchased from online bike insurance aggregator sites like Coverfox.com at reduced premiums. This is attributed to the fact that insurance companies save a substantial amount by waiving off expensive agent commission, cumbersome paperwork, and the costs incurred for maintaining brick-and-mortar stores. These savings are passed on to customers in the form of reduced premium amounts, add-on features, etc.
Another good reason for hunting for the best bike insurance online deals is that increasing competition in the field of insurance has led to cost cuttings by insurance companies to remain in the fray. They are doling out attractive deals and discounts with a view of capturing a wider client base online – grab the deals before they disappear!
Is Your Service Provider Giving You the Best Insurance Benefits?
Along with providing third-party insurance coverage, and security against theft, personal accident benefit, total loss of vehicle, and a spate of manmade and natural calamities, the purchase of bike insurance online will give you more peace of mind whenever you are riding your two-wheeler. You need to be doubly sure that you are getting these and many other benefits of purchasing bike insurance online from your insurance company. In case there is any gap, then you may want to consider a shift to another insurance company right away.
1. The scope of Bike Insurance Online Coverage
All standard third-party two-wheeler insurance policies will cover you against the legal obligations of having inflicted death, injuries, or damages to third party person or property in the course of an accident in which you are at fault. Third party bike insurance online is mandatory under the law as per the Indian Motor Vehicles Act, 1988. In case you require additional coverage, then it is important for you to go for a comprehensive plan and add-ons that are within your budget.
Full protection bike insurance online plans will safeguard your vehicle against the financial losses occurring due to fire, explosion, self-ignition, typhoon, lightning, earthquake, storm, hurricane, cyclone, inundation, etc. You will also get protection against the damages caused due to hailstorm, frost, landslides, burglary, theft, riots, strikes, malicious acts, accident by any external means, terrorist activity, and so forth. You may like to check out the various add-ons and benefits before taking your call.
2. Personal Accident Cover
Your bike insurance online company would offer protection under this plan for your death, bodily injury, or disability – both partial and total. Alongside, you may seek protection for the pillion rider travelling with you. As a result of personal accident cover, you (owner-driver) would get protection for loss of damages occurred to yourself while mounting or dismounting, or while travelling from Point A to Point B on the insured bike.
3. Check for Insured’s Declared Value (IDV)
The sum assured for all two-wheelers is determined as a fixed value termed as Insured’s Declared Value (IDV). It is computed basis the manufacturer’s selling price as listed for the vehicle after the depreciation has been deducted. You may want to cross check if the sum assured promised to you is adequately calculated or not to avoid any claim-related hassles later on.
You may want to log onto Coverfox.com at the earliest to ensure a well-informed buy of one of the top 5 bike insurance online plans in the offering – Bajaj Allianz, Bharti AXA, HDFC Ergo, ICICI Lombard or IFFCO Tokio bike insurance – which plan will you choose?