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Every time you take your bike out for a spin, there are a few prerequisites to check. You need to wear your helmet, followed by adequate safety gear, and ensure that you have a valid bike insurance policy. Once you have these three, you can munch miles without worries.
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If you want to purchase the best motorcycle insurance online, here are a few steps that you need to consider:
Whether you opt for an online two wheeler insurance policy or an offline policy, you can either buy it as a third party liability or as a comprehensive policy. Knowing the differences between them will help you secure the best motorcycle insurance online.
Buying a policy through insurance brokers online gives you the option to pick and choose from the different riders available. A rider helps you to enhance your policy’s coverage by paying a small premium. Riders cater to specific needs and can help you save a considerable amount of money in the long run.
Some common riders in an online two wheeler insurance policy are zero depreciation cover, roadside assistance cover, NCB protection, etc. If you are someone who claims their policy regularly, opting for the zero depreciation rider for your online two wheeler insurance policy would save you a considerable amount of money. The rider ensures that insurance companies do not consider the depreciation amount of parts or repairs and pay you the entire claimed amount.
Once you know which policy best suits your needs, you can proceed to buy motorcycle insurance online.
This is how you can buy the best motorcycle insurance policy online.
Policy buyers willing to buy the best bike insurance can take the help of several insurance brokers online and secure a plan that offers adequate cover with a low premium bill.
A Comprehensive type of policy is considered as the best two-wheeler insurance policy because of its coverage. It covers the mandatory Third-party Liability Insurance as well as Own Damage. You can also go for appropriate Add-ons to strengthen your policy.
Life Insurance Corporation of India (LIC) is the largest government-owned life insurance and Investment Corporation for individual insurance needs.
Personal Accident Cover
The bike insurance company will offer cover of up to a certain amount, under this plan. The individual owner/driver of the vehicle will be covered when driving against loss or damage (injury) while travelling, mounting or dismounting from the vehicle.
A comprehensive insurance plan comes with a specified set of coverage but it does not provide cover for the damage caused to the engine of the bike. You will have to purchase the engine protection add-on separately to get insured for the unforeseen loss or damage caused to the bike's engine.
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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