Why Should You Go for Bike Insurance Renewal? |
Posted: April 20, 2018 |
Bike insurance renewal is a necessity rather than just a matter of choice because it protects you from third party claims in case of accidents and help you stay protected from financial burden in case of partial or complete damage to your vehicles. In a digital era, renewing your bike policy is an easy, fast and hassle-free process. Let us have a quick look at a few benefits of two-wheeler motor insurance renewal. Renew the Policy at Your Convenience: Your data is already there in the database and hence it requires minimal efforts to fill up the renewal policy. While renewing your policy:
You can get the insurance policy renewed online at a click of button. There was a time when bike insurance renewal includes a lot of paper work and used to take several days to reach you by post. Nowadays, as soon as the payment is done, digitally signed policy is issued immediately to the customers by the insurer. You can take the print out and retain the hard copy as well. A print out of the policy received online is authentic. You can go for riders to get extra protection: 3rd party insurance is mandatory but while renewing the insurance policy for your two-wheelers you can go for comprehensive coverage also to protect the vehicles from any damage. Zero depreciation, enhanced coverage for the spare parts are possible when you renew your bike online. You can weigh the pros and cons of the riders and their cost so that you can choose the best as per your requirements. You Can Switch the Insurer: Most of the people choose to renew their insurance policy from the same insurer because of the convenience factor. But, making research online and comparing the various plans will help you choose the best option as per your budget and needs. Always make sure to choose IRDA approved insurance companies to get the optimum benefits. Compare the plans and various service providers before you go for renewal to get the best deal. There are some insurers that provide their customers facility of cashless repairs. Moreover, bike insurance renewal online does not need any type of inspection. You do not need any documents if you get the policy renewed in 90 days of its expiration. If you are renewing the policy online you get the opportunity to compare the different plans and choose the best suiting one for you. Also, there is a myth about this policy renewal. Most of the policyholders think that they can renew their policies only on its due date. This is not true. As per IRDAI rules, policyholders can renew their policy before two-months or 60 days of its due expiry.
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