4 Things You Should Do As Soon As You Get A New Bike
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When you get a new bike, the first and foremost thing that you must do, without fail, is that you should get a good two wheeler insurance plan. You should buy a new bike insurance plan on priority because it’s very important. But there are also a few other things that you should do as soon as you get the new bike. Let’s find out what they are.
1. Get insurance
The very first thing you should do after you buy a new bike is to buy bike insurance online. Get a good and comprehensive cover that will offer wholesome coverage for your bike, for third party liabilities and also for you as the rider. Do your research, compare the plans along with the insurance companies and then choose the best plan from the best insurer. It is legally mandatory for you to have a valid bike insurance plan at all times. However, it makes the most sense to opt for a comprehensive bike insurance plan to cover damages to your new bike, in case of an accident.
New Bike Insurance norms:
- Thus, according to the IRDAI regulations of September 2018, a 5-year Third party two wheeler insurance plan is mandatory if you purchase a new bike. However, from 1st Aug 2020, the 5-year comprehensive bike insurance plan has been discontinued.
- So, for a new bike, you have two choices:
- Third-party insurance plan (for 5 years)
- Bundled Insurance Plan (with 1-year own damage coverage and 5 years TP coverage)
2. Buy accessories
The next crucial thing you have to do is buy accessories for your new bike. There are many accessories that you can invest in. First of all, you can buy accessories that enhance the look of your motorcycle. These include fancy mirrors, seat covers, wheel guards, etc. Then, you can buy some very practical safety accessories that enhance the security features of the bike, anti-theft devices are common bike accessories that you can consider getting. If you have such a device on your bike, the insurance premium will also come down as your bike will be less risky to insure.
3. Look for warranty
Most bike manufacturers offer warranties on the vehicles they sell. Some warranties are in-built and some need to be purchased separately. Ensure you get all the available warranties as that will help you immensely in the long run.
4. Get it serviced
Many people make the mistake of assuming that a new bike doesn’t require servicing. This is a big misconception. A new bike needs to be serviced for the first time after being on the road for 30 days. The dealer will offer this service free of cost, so make sure you get the servicing done on time. Any delay or lapse in this area would cause serious damages to the bike in the long run and would hamper its longevity as well.
If you follow these guidelines, your new bike will stay safe and protected and its longevity will increase too.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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If you are planning to buy two-wheeler insurance and are seeking answers to some frequently asked questions, look no further. Read on to know the two wheeler insurance FAQs related to bike insurance policy in this post.
Choudhary is a privately employed person in Bangalore, and he uses a car to commute to his office daily. While driving his vehicle one day, he met with an accident that resulted in major damages and rendered his car useless. Since he had a car insurance plan, he claimed total loss and that helped him manage expenses without causing any financial burden on him.
Buying two-wheeler insurance online can be a bit overwhelming for first-time buyers and even for policyholders with prior experience. While it is recommended to compare insurance plans before buying them, having some basic understanding will help you extract the most out of them.
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