7 Reasons why Online Bike Insurance is a Boon in Disguise

In 2016, the top 10 two wheeler manufacturers combine to sell a total of over 1.7 crores two wheelers in India. However, merely 47.8% of two-wheeler owners had their bikes insured. A bike is a prized possession and alongside the convenience afforded by a bike, the jeopardy involved in riding it on the roads needs to be insured. In our country, the Motor Vehicle Act of 1988 states that the bike has to be insured under third party liability, however, it does not cover an accidental damage or theft. Be it Two-Wheeler Insurance in Pune , Mumbai, Delhi or any other city, it is a compulsion for all bike owners across the country.

Bike Insurance is an essential in today’s time where the speed limit isn’t adhered by and the number of road accidents have increased manifold. Last year, the recorded number of two wheeler accidents was around 2,50,000.

The major reasons for ignorance towards bike insurance are

• Owing to a busy schedule that does not allow them to run to various bike insurance India offices for quotes,
• They want to avoid the hassles of vehicle inspection.

Thus, bike insurance Online is a life savior and beneficial for two wheeler drivers because:

• It enables bike owners to insure their two-wheelers without physically visiting insurance companies

• The bike owners save time and effort because they don’t have to meet bike insurance agents.

• It is applicable for renewal as well and serves as an advantage to the owners when their policies lapse.

• has waived off the hassle of pre-inspection, which in turn has increased the number of insurances for bike getting renewed.

• Bike insurance generally entails a huge amount of documentation that is a cumbersome and a time taking process. Online insurance can be availed with the comfort of instant policy issuance with zero documentation. Multiple payment options make the online process a convenient choice.

• The perils that are not covered in a policy are called "exclusions," and every policy comprises them. It is always easier to understand them online.

• The market is increasingly competitive. However, this shouldn’t get you boggled up. Thus, a huge number of online insurance providers allow you for a side by side comparison to give you the best coverage of your buck.

Although, Bike Insurance Online is accessible and easy but the bike owner must sign the agreement cautiously. For example, checking the date of inception of the new bike insurance policy is very important because generally the inception date is a few days after the issuance of policy. The consumer should make sensible choices and not blame the company after purchasing.