3 facts about buying bike insurance online that you must know

1. 3 facts about buying bike insurance online that you must know Perhaps, you have recently bought a new bike and are planning to buy bike insurance online. But once you begin your search for the perfect policy for your bike, you will be surprised to look at the number of bike insurance policies that are available in the insurance market online. Now, anyone would get confused when there are so many options lined in front of them. So to help you make an informed choice, here are 3 facts about buying bike insurance online that you must know. 1.Add-ons are worth the money While purchasing a bike insurance policy, motorists tend to avoid including add-ons in their policies due to the rise in the premium. However, what they fail to understand is that add-ons are true value for money. They offer additional protection to your bike that is otherwise not offered if you choose to buy a standard policy. For instance, if you opt to add roadside assistance cover in your policy, then you will be able to get help at hand if your bike needs minor repairs, towing, rectifying flat tyres, refuelling, etc. This add-on will help you greatly if you face a sudden breakdown in your bike. Some of the best bike insurance providers offer other bike add-ons such as zero depreciation cover, engine cover, tyre cover, and so on. 2.Comparing policies is a wise thing to do If you type bike insurance policy on Google, you will get a wide range of insurance policies offered by different insurance providers. One policy may have a low premium, while another policy may have vast coverage. There may be pros and cons in each and every policy. Hence, to get the best insurance policy for your bike, it is important to do thorough research and compare policies on different aspects. These aspects may be the coverage, premium, claim settlement ratio of the insurance provider, number of network garages, bike insurance add-ons, company discounts and so on. If you are still confused, you can also use an aggregator website that will compare different bike insurance policies based on your requirements and preferences.

2. 3.You can choose to switch your insurance provider People think that once they have bought bike insurance, they cannot change the insurer. That is not true at all. Generally, bike insurance policies are valid only for a year or two. After that, you can easily switch your insurance provider at the time of renewing your bike insurance policy. Moreover, you can also enjoy NCB or No Claim Bonus, if you have not made any claims in the past financial year. NCB usually gets passed on from your previous insurer to your new insurer. The No claim bonus can go up to 50% of the premium depending on the number of claim-free years. Bike insurance policy truly helps motorists during unforeseen road mishaps that cause damage to the bike, rider or the third-party. However, make sure to know these facts well in advance before purchasing a bike insurance plan to make an informed decision. If you opt to buy two-wheeler insurance online, you will be able to do all the research about your bike insurance without paying an agent. Hope this article has been informative to you.