Purchasing two-wheeler insurance online has become increasingly popular and convenient in today’s digital age. With just a few clicks, you can access many bike insurance options and choose the one that best suits your needs. Buying a bike insurance policy online has several other benefits. So, in the section below, let’s take you through the perks of getting two wheeler insurance online.
Understanding Two-wheeler Insurance Policy
A two-wheeler insurance policy is a contract between the policyholder and the insurance company where the latter agrees to provide financial assistance in case the insured bike gets lost, stolen, or damaged under any unfortunate circumstances. The three types of two-wheeler insurance policies that are available for purchase are as follows:
- Third-party Bike Insurance: A third-party two-wheeler insurance policy is mandatory under the Motor Vehicles Act of 1988. This type of insurance provides financial protection to the policyholder in case the insured bike causes damage to a third party.
- Standalone Own-damage Bike Insurance: A Standalone Own-damage policy protects the insured two-wheeler in case it sustains damage or loss due to an unforeseen event.
- Comprehensive Bike Insurance: A Comprehensive policy covers damages to the insured bike and third-party liabilities. This means that this policy provides complete coverage against uncertainties. However, the premium for this policy is higher than the other two.
Benefits of Buying Two-wheeler Insurance Online
Listed below are some of the reasons why you should choose to buy a two-wheeler insurance policy online instead of the traditional offline route:
- Convenience: Purchasing two-wheeler insurance online offers unparalleled convenience. Policyholders can compare and buy policies from the comfort of their homes anytime, eliminating the need to visit insurance offices multiple times and complete the buying process.
- Time Efficiency: The online process to get a two-wheeler insurance policy also streamlines the entire process. Through the online process, you can quickly fill out forms, compare all the quotes available, and finalise your purchase in a matter of minutes, saving valuable time. You will also save time by buying the policy directly from your home instead of going to the insurer’s office and inquiring about the process.
- Access to Plethora of Plans: Through the online mode, you can explore a wide range of policies and coverage options. After exploring a number of plans, it becomes easier for you to analyse which policy best suits your needs and proceed with its purchase. It allows you to quickly compare different policies side by side, including premium amounts, coverage details, and add-on options, helping you make an informed decision overall.
- Discounts: Many insurers offer exclusive online discounts so that you can buy a bike insurance policy at the most affordable rates. Unlike the offline mode, the online process lets you significantly save on bike insurance premium amounts.
- Instant Policy Issuance: Once a bike insurance policy is purchased online, policyholders receive their policy documents via email instantly, ensuring they are covered immediately without any delays.
- Bike Insurance Policy Check: The online process also makes it easier to perform bike insurance check. This means that once you have bought the policy, you can also track its expiry and other details simply from the comfort of your home.
- Simplified Claim Process: The online claim filing process through the insurer’s website is much more straightforward. Overall, it is easier for policyholders to report incidents and track the status of their claims when going through this route.
- Access to Customer Reviews: Before buying a bike insurance policy, you should access the insurer’s website to check customer reviews and ratings. This will give you insights into the insurer’s reputation, customer service quality, and claims handling, helping you buy the best policy overall.
- Customisable Policies: When buying the two-wheeler insurance policy online, you also have the option to customise the policy with various add-ons. You can also get the policy and its coverage customised if the premium does not fit your budget.
Summing Up
Thus, if you plan to buy a bike insurance policy, choose the online mode instead of the traditional one. Through the online process, you will be able to enjoy a plethora of benefits.
