If you ever get in an accident and your car is damaged, you will need to get it fixed very far away, which will cost a lot of money. Therefore, buying multifaceted bike insurance online is essential to protect oneself from such an undesirable financial load.
Here are the top 5 advantages of renewing your two-wheeler insurance:
1. Continues to keep you protected
Renewal of your bike insurance is primarily necessary to ensure that you remain covered and never go without insurance. Particularly, if you choose comprehensive two-wheeler insurance coverage, it will cover both third-party responsibility and any personal damage incurred in the process. Your insurance provider will pay you for the Insured Declared Value (IDV) of your vehicle if it is stolen. As soon as the period until your bike is covered by your policy expires, these services will stop. That’s why it’s imperative that you learn how to renew bike insurance online so that you can continue to receive coverage and insure yourself before the policy expires. *
2. Gives you access to the NCB benefit
No-Claim Bonus (NCB) is the concession you get from your insurance company if you don’t file any claims during the period of your policy. However, you will also forfeit your NCB benefits if you fail to renew your coverage. The insurance provider gives you a 30-day grace period, which is basically an additional opportunity for you to renew your insurance coverage. You can use this to continue using your NCB. *
3. Preserves your legal standing.
According to the Motor Vehicles Act of 1988, having fundamental third-party liability insurance is a must. Your insurance coverage will stop being active once it expires and your grace period is over. It is against the law to ride a motorcycle on Indian roads without a current insurance policy. Additionally, there will be fines imposed upon you. Therefore, it’s crucial to renew your bike insurance online from time to time.
4. Spares you from the examination procedure
Do not wait until your insurance coverage expires to renew it. Instead, complete it before the deadline. Your grace period will be regarded as having expired once the break-in policy kicks in. Your insurance provider will repeat the inspection procedure in order to present you with a new insurance plan.
5. Appropriate time to review
One month before your policy’s expiration date is the ideal time to get it evaluated. In case you weren’t aware, you can also choose appropriate add-ons while renewing your insurance coverage. Roadside assistance, engine protection, lock and key replacement, etc., are additional choices. However, be aware that the cost of their coverage will be added to your premium. As a result, refrain from choosing extraneous add-ons. You can even transfer insurers at the time of your insurance renewal if you’re not entirely satisfied with your current one.
After choosing the policy of your choice, you can simply go to the insurance company’s website and fill out the essential information to simplify the renewal process. Thanks to advancements in the processes due to technology, you no longer must you endure tiresome procedures. You can visit the insurer’s website and read your policy in full there to find out additional information.
With more and more insurance companies taking their processes online, you can not only view your insurance and everything covered in it, but you can also claim bike insurance online. Doing this can save the trouble of going from one place to another to get your due claims, and some insurance providers even give on-site assistance. So, they can help you telephonically or even via a chat at your own convenience! ##
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘
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