How To Change Bike Insurance Policy Online?
You may be wondering what happens in all the different scenarios in which you may want to change your bike insurance policy. Let’s read all about it.
Have you ever wondered how to change your two-wheeler insurance policy online? With the advent of digitization, this process is easier than ever and you can take the steps to change your bike insurance from the comfort of your own home. Read on to find out about a variety of scenarios in which you may want to change your bike insurance, and what happens in each of them.
How To Change Bike Insurance Policy Online?
Here is what happens in different scenarios in which you may want to change your two-wheeler insurance policy:
At The Time Of Renewal
At the time of renewal for your existing policy, you may choose to change it to a different one. This point in time is the easiest at which you can decide to make this change. The process to renew a policy or purchase a new one are quite similar to each other and thus it will require minimal effort from your side. In order to ensure that your No Claim Bonus (NCB) discount remains applicable to your new policy, ask your bike insurance company to issue an NCB Certificate in order to have it transferred.
You May Also Like To Read: How to Renew Two Wheeler Insurance Policy Online After Expiry
You may also want to make the switch while your old policy is still active. You may want to switch to a new company or get a new policy from the same company. Though not highly recommended, this can also be done. Each company’s process for making such a change would be different. The first step is to inform your insurance company of your intentions. Secondly, follow the process outlined by them. You may be able to get a new policy online itself. Ensure that your new policy is active before you take your bike out on the roads as riding without a valid insurance policy (at least up to Third Party) is illegal.
New Owner
If you sell your bike to a new owner, you would have to get the insurance policy transferred to their name. Doing so is your responsibility as well as the buyers. You would have to inform your insurance company of the sale and submit documents for proof of sale as well as the new owner’s personal information. Doing so is important so that you are not held liable for any damages caused or sustained by the vehicle with the new owner.
New Vehicle
Buying a new bike will necessitate buying a new insurance policy alongside it. The bike dealer will usually provide you with a policy to go along with the bike but this may not meet your needs and you may want to switch to a different one. In order to do so, compare different policies online and select one which best suits you.
Also, Read
How To Pay And Check Bike Insurance Policy Online?
Takeaway
It is easiest to change your policy at the time of renewal for your old policy. Remember to always have an active insurance policy before taking your bike onto the roads in order to be a responsible and law-abiding citizen.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
