87 Two-wheelers are a very convenient and easy mode of conveyance. However, there are accidental risks involved as well. It is most important that you insure your vehicle in order to safeguard yourself from the financial losses in case of serious damages to your car. Now when it comes to buying insurance, you may think how to buy an appropriate two-wheeler insurance plan. Let us help you with that. For a suitable two-wheeler insurance plan, you need to consider a few important factors. Below we have curated a list of factors that you need to check before buying a two-wheeler insurance plan. Check & compare the premium price offered: Once you have decided the type of two-wheeler insurance coverage you want, check on the insurance premium you are being offered. Third-party insurance premium prices are fixed by the Insurance Regulatory Development Authority of India, while the comprehensive premium prices are set by the insurance companies based on the type of coverage plan you have opted for. It is best to compare bike insurance plans online and purchase the one that fits best to your requirements. Go through the insurer’s customer reviews Always opt to insure your bike with an insurance company which has a good presence online and offline. Choose a reputed insurer having a good claim settlement ratio as it helps you to get an idea of the number of claims settled by the insurance company out of the ones received. Checking reviews online is also a good way as it helps to get an idea of the services provided by the company to its existing customers. Look into the insured declared value: Insured declared value (IDV) is the maximum amount of insurance coverage you are eligible to receive in the event of theft of the bike or total loss of the same. IDV lowers over a period of time due to the depreciation factor. Hence, IDV is important since it affects the premium of the bike as well as the payout amount which you can claim in case of theft or loss of the vehicle. Choose suitable add-ons: Bike insurance add-ons help you get extended protection that is above your base insurance plan. You can choose multiple bike insurance add ons like engine protection, key replacement, consumables, zero depreciation, engine cover, etc. by paying a minimal additional premium amount. We hope the above-mentioned pointers help you make the right decision and opt for a suitable two-wheeler insurance policy. To know more, or explore more plans, you can visit our Bajaj Finserv app. Anywhere, Anytime insurance with the Bajaj Finserv App! The Bajaj Finserv App is a high utility App that takes care of all your financial needs including insurance. On the app, you can explore bike insurance plans from our trusted partners. Here you can view product features, compare prices, and purchase a plan that is best suited to your needs. All this in a matter of minutes on our 100% digital platform and from the comfort of your home. It truly is becoming the new way to buy insurance. 0 comment 0 FacebookTwitterPinterestEmail Volodymir Bezditniy previous post The Cheapest Way to Ship from USA to UAE next post Learn Amazing Tips for Effective Online Learning Related Posts Sustainable Cooking: How Copper Pans Help In Reducing... September 16, 2024 Airtel Free 1GB Data Code Today 2024: How... July 23, 2024 Navigating ADU Regulations in Miami, FL A Comprehensive... June 12, 2024 How to Safely Operate Hot Pressure Water Systems... April 9, 2024 Moving Smart: How to Save Big with Budget-Friendly... December 14, 2023 How to Plan a Successful Cultural Event ? December 10, 2023 How Much Does It Cost to Ship a... December 9, 2023 Tires and Beyond: Must-Know Tips for Comprehensive Car... November 13, 2023 5 Ways to Make Your Summers More Enjoyable November 10, 2023 Unlocking Instagram’s Vanish Mode: A Quick Guide November 9, 2023