The Internet has made the process of getting motor insurance easier than every before. These days, all it takes is a few clicks of your mouse to get the two-wheeler insurance you need. However, if you are buying bike insurance online for the first time, you need to have your information in order before going ahead and paying for coverage. To help you out, we have listed 4 important questions you need to ask before buying bike insurance online.
- How reputed is the insurance company?
Before buying bike insurance online, you need to read up a bit on the reviews of the insurer you are considering. Look for good customer reviews on the company website and also on other forums online. Check the claim settlement ratio. Look at how many years the insurer has been in the market. Take the answers to all these into consideration before choosing one bike insurance provider over the others.
- What add-ons do I really need?
Add-ons can really help supplement your bike insurance policy. Make sure to thoroughly review all the add-ons your insurer offers you and choose the ones that suit your needs the best. Look for add-ons such as engine protection cover, zero depreciation cover, passenger cover, consumables cover, roadside assistance, and NCB protector as these can really prove helpful. Finally, only take the add-ons you really need. There is no point in paying for additional coverage that you may never use.
- What are the exclusions of my coverage?
Every bike insurance policy comes with a certain number of exclusions to its coverage. These exclusions may vary slightly between insurance companies. So, make sure to go through the fine print of your bike insurance policy in order to understand the limitations of your coverage. It is important to do this before purchasing the policy. Else, you might be in for a few surprises at the time of filing a claim. If you find that a particular service is not covered by the base policy, you may consider asking the insurer if they have an add-on that might help fill this gap.
- Am I getting the best price possible?
One of the biggest advantages of buying two-wheeler insurance online is that you get access to a wide range of policies easily. You can, thus, pick and choose the ones that suit your coverage needs and budget the best. However, make sure to compare policies to see whether you are getting the best deal. You should not have to pay more for an online bike insurance policy than you would for something bought from an insurance office. You may even consider calling up the insurance provider and asking them for any discounts on their products. Many insurers are known to offer their customers discounts if they bundle up policies.
We hope that this article has helped you. Do remember to renew your bike insurance policy on time to enjoy continued protected. Ride safe and take care.