4 Things You Should Do As Soon As You Get A New Bike
.png)
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 21 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.
Other Motor Insurance Products
Latest Post
.jpg)
Having a bike is not just about convenience, it’s a huge responsibility. Financial protection of your two-wheeler is important and the best way to ensure that is to have a bike insurance policy that will protect you in case of an accident, theft or a natural calamity. There are so many options when it comes to policies, making it difficult to know what’s best. This guide makes it easier to choose the best bike insurance policy that is suitable for you.
Non-linked, non-participating term plans are the ones that do not participate in the business and profit of the insurance company. These are fixed premium plans where the policyholder pays a fixed amount to ascertain a guaranteed sum as a return to be paid to the nominee in case of his/ her demise. Let’s learn more in this post.
Car depreciation implies the difference between the cost of a car at the time of buying the car and when you sell it. A car insurance claim amount is determined by the car depreciation rate. The car depreciation rate is the reduction in the value of your car over its lifespan caused by wear and tear.
Have you ever caught yourself lost in illusions about your daughter's future events, such as her university convocation and first day at work? Her university convocation. When she embarks upon her initial job after graduation will be the day.
.png)
Accidents can happen anywhere, anytime, by your own fault or another person. What’s important is to be prepared for such mishaps. This is where Own Damage Car Insurance comes in handy.
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.