Common mistakes in choosing two wheeler insurance

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Common mistakes in choosing two wheeler insurance

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• Confused while choosing two wheeler insurance for
  your motorbike? Well, youre not to blame, given
  that its so easy to get lost in the complicated
  jargon of the policy features. The complex terms
  often confound customers, having them all worked
  up and often sounding alien. A bike insurance,
  however, is necessary to protect yourself and
  your vehicle in case of an accident. Read on to
  find out some of the common mistakes made during
  the purchase of two wheeler insurance.

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Lack of research
Most people that purchase a bike insurance for
the first time do so without thorough knowledge
of the matter. Conducting proper research while
planning for the policy purchase is of utmost
importance. Make sure that you compare two
wheeler insurance rates so you get the best
offers at a reasonable price. You can also make
use of customer reviews for your research by
looking them up on the internet or asking people
who have purchased similar policies.
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No mention of the nominee

• In case you do not mention a nominee for your
  claim, your family will not be able to access its
  benefits if something were to happen to you. It
  is important to always mention a nominee while
  buying two wheeler insurance.

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Ignoring terms and conditions

• This is purely the result of trying to get the
  job done too fast. Always take time to read the
  terms and conditions of the policy. There might
  be some problematic hidden clauses in the fine
  print that you should know of before finalizing
  the plan.

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No Claim Bonus

• If you do not make any claims on your policy
  throughout its tenure, you are eligible for a No
  Claim Bonus upon renewal. Make sure that you
  claim this bonus even if your insurance agent
  does not inform you about it.

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Policy Lapse

• Once your insurance lapses, you are basically
  riding around the city unprotected. This is both
  illegal and fatal so keep an eye on the policy
  lapse date and do the needful as soon as
  possible.

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Focusing on price only

• We all want a good discount but that should not
  be a deciding factor when it comes to buying
  insurance policies. Look for a two-wheeler
  insurance that is affordable but provides
  services that fit its price point. In fact, some
  policies that offer a low premium do not provide
  coverage against huge losses and damages to the
  vehicle.

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Find the best Insurance plan with ease

• The advancement of technology has made it
  possible to compare different policies before
  choosing the right one. At Policies365, you can
  find the best two wheeler insurance plans. You
  can also compare two wheeler insurance rates here
  to estimate the premium amount and the benefits
  you will receive upon settlement.
• Bike rides may be fun but pose a lot of dangers
  to the rider and the vehicle itself. It is best
  to be prepared for any untoward incident with a
  good two wheeler insurance.

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Navnit Insurance Broking Private Limited 172,
Solitaire Corporate Park, Building No. 1, 7th
Floor, Andheri-GhatkoparLink Road, Andheri
(East), Mumbai, 400093, Maharashtra, India IRDAI
Broker License No. CB/446/09 Product information
is authentic and solely based on the information
received from the insurer. Sales Assistant
[phone] Claims/Service [phone]
info_at_policies365.com Toll free number
18001026234

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