Owning a bike has certain responsibilities including getting bike insurance, which is just not an option, but a necessity. It is legally mandatory to have your vehicle insured and to some extent, it also safeguards an individual against any major financial losses in case of an accident or theft of the vehicle. Furthermore, it is possible to use the vehicle number to check the bike insurance, and this is one of the easiest methods that any bike owner can use. Keep reading to learn more about the common mistakes when conducting a bike insurance check by vehicle number.
Importance of Checking Bike Insurance by Vehicle Number
Checking your bike insurance using the vehicle registration number is important because of the following reasons:
Renewing the Policy on Time
Regularly checking your policy will help you to avoid policy lapses. If a vehicle insurance policy is not renewed on time, it can lead to huge fines and penalties.
Understanding the Policy Features
Before buying a policy, it is important to check the policy features to understand the inclusions and exclusions. Otherwise, you might miss out on essential policy details which would otherwise give you better coverage.
Avoid Legal Problems
You can easily avoid legal problems and huge financial liabilities if you keep checking your vehicle policy online. This is because if you are carrying an expired policy, then it will lead to fines or penalties.
Top Mistakes to Avoid When Checking Bike Insurance by Vehicle Number
There are certain mistakes that bike owners make while checking bike insurance using the vehicle registration number. Here are the top mistakes to avoid while checking bike insurance using vehicle number:
Not Checking the Expiry Date Accurately
Many insurance companies send notifications to insurance providers on their registered mobile numbers or email. Such messages often take time to be delivered or are sometimes not delivered at all. Therefore, it is always safer to go to an official site and check for the expiry date.
The expiry date of your bike insurance policy is one of the most important aspects one has to keep in mind. This date shows when your insurance coverage expires and which date you require the policy to renew. Thus, it provides coverage and saves the bike owner from missing the renewal date and having to pay penalties.
Overlooking Policy Inclusions and Exclusions
As a bike owner, you need to understand the specific features of your bike insurance policy. However, many bike owners do not care to go through the policy inclusions and exclusions while checking their policy using the vehicle number. While doing a two wheeler insurance online, they assume that all bike insurance policies have the same features.
Therefore, you need to carefully check all policy inclusions and exclusions before you buy it. Otherwise, you can become vulnerable in case an emergency occurs like an accident, theft, or third-party damage.
Relying on Unofficial or Outdated Websites
Online insurance platforms are increasing because of the fast digitalisation that enables policyholders to check their insurance status from different websites. However, these websites may not be reliable, and using them will lead to incorrect or outdated information.
Many people tend to click on the first website which appears on the SERPs to check their policy status. You need to check the policy status from government websites or the official website of the insurance provider. It will provide accurate and real-time information regarding your policy.
Failing to Update Contact Information
As a responsible policyholder, you need to ensure that all your contact information is updated on the company website. While checking the bike insurance policy using the vehicle number, you need to check if your contact information is updated. Otherwise, you may not receive important notifications from the insurance company. So, keep checking the policy status using the vehicle number and try to keep your contact information updated.
Ignoring the Importance of NCB (No Claim Bonus)
If you have not claimed any policy amount after buying it, then you may be eligible for a No Claim Bonus. It is a discount on the total premium amount offered to the policyholder when they renew the policy.
However, one of the most common mistakes that policyholders make is that they forget to check the NCB while checking their policy using vehicle registration numbers. If you miss out on checking this, then it may result in you paying more premium than required.
Final Words
With rapid digitalisation, checking your bike insurance policy using the vehicle number is a simple process. However, you need to consider the common mistakes which can occur and create unnecessary complications. So, you need to be aware of the mistakes and avoid them cautiously to avoid fines or penalties.
